Bangladesh experiences a trade deficit in its balance of trade. The key factors influencing Bangladesh's balance of trade include high imports, a large population, low domestic production, and low quality of locally produced goods. In fiscal year 2016-2017, Bangladesh exported $34.02 billion worth of goods while importing $43.49 billion, resulting in a trade deficit of $9.47 billion. The country's top exports include garments, knitwear, and agricultural products. Machinery, cotton, chemicals, iron, and foodstuffs comprise the majority of imports. The European Union is Bangladesh's largest export partner while China is the primary import partner. Reducing imports and increasing the export of higher quality domestic products are suggested solutions