US Increases Import of Natural Cork Products from Bangladesh
Recent trade data indicates a 20% rise in the import of natural cork products, including blocks and sheets, from Bangladesh to the United States in the third quarter of 2023, driven by demand in the wine and packaging industries.
2023-10-15
Impact: This surge strengthens trade ties and may encourage Bangladeshi exporters to scale up production, potentially leading to more favorable trade agreements.
Bangladesh Expands Cork Processing Facilities for US Market
Bangladesh has inaugurated two new processing plants for natural cork products to meet growing US demand for eco-friendly packaging materials, focusing on HS Code 4502 products like sheets and strips.
2023-09-05
Impact: Increased production capacity could lead to higher export volumes to the US, potentially lowering costs for American buyers and boosting bilateral trade.
US-Bangladesh Trade Talks Highlight Cork Sector Growth
During recent trade discussions, both countries emphasized the growing importance of natural cork products in their trade portfolio, with Bangladesh emerging as a key supplier of roughly squared cork blocks to the US market.
2023-08-20
Impact: This focus may result in targeted investments and trade incentives, further enhancing the cork trade between the two nations.
