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2023
Flag → Flag
Exports $38.5MRnk 99 / 213
2023
Flag → Flag
Top Product $5.28MIndustrial Fatty Acids, Oils and Alcohols
2023
Flag → Flag
Exports $1.05BRnk 13 / 138
2023
Flag → Flag
Top Product $195MKnit T-shirts
2023
Flag
Economic Complexity (ECI) ECI 1.56Rnk 8 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag  
GDP$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH20%CURRENT US$
Rnk 141 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP GROWTH192%CURRENT US$
Rnk 3 / 195
2023
Flag
GDP PC $56,034CURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP PC GROWTH11.4%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC$2,551CURRENT US$
Rnk 146 / 196
2013-2023
Flag
GDP PC GROWTH166%CURRENT US$
Rnk 2 / 195

About

Austria-Bangladesh Trade: In 2023, Austria exported $38.5M to Bangladesh. The main products that Austria exported to Bangladesh were Industrial Fatty Acids, Oils and Alcohols ($5.28M), Electric Generating Sets ($4.94M), and Industrial Printers ($3.08M). Over the past 5 years the exports of Austria to Bangladesh have decreased at an annualized rate of 9.79%, from $64.4M in 2018 to $38.5M in 2023.

In 2023, Austria did not export any services to Bangladesh.

Bangladesh-Austria Trade: In 2023, Bangladesh exported $1.05B to Austria. The main products that Bangladesh exported to Austria were Knit T-shirts ($195M), Non-Knit Men's Suits ($154M), and Knit Sweaters ($137M). Over the past 5 years the exports of Bangladesh to Austria have increased at an annualized rate of 3.58%,  from $881M in 2018 to $1.05B in 2023.

In 2023, Bangladesh did not export any services to Austria.

Comparison: In 2023,  Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B). That same year, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Austria exported $38.5M to Bangladesh. The main products exported from Austria to Bangladesh were Industrial Fatty Acids, Oils and Alcohols ($5.28M), Electric Generating Sets ($4.94M), and Industrial Printers ($3.08M). During the last 5 years the exports of Austria to Bangladesh have decreased at an annualized rate of 9.79%, from $64.4M in 2018 to $38.5M in 2023.

In 2018, Bangladesh exported $1.05B to Austria. The main products exported from Bangladesh to Austria were Knit T-shirts ($195M), Non-Knit Men's Suits ($154M), and Knit Sweaters ($137M). During the last 5 years the exports of Bangladesh to Austria have increased at an annualized rate of 3.58%, from $881M in 2023 to $1.05B in 2018.

Exports from Austria (Flag) to Bangladesh (Flag) (2023)

Exports from Bangladesh (Flag) to Austria (Flag) (2023)

Latest Data

Trade between Austria (Flag) and Bangladesh (Flag)

Austria Exports

Market Competitiveness

Color
Austria
Top DestinationGermany$51B
Bangladesh
Top DestinationUnited States$8.58B

This map shows whether countries import more from Austria or Bangladesh. Each country is colored based on the difference in imports they receive from Austria and Bangladesh or the difference in the growth in imports.

In 2023, countries that imported more from Austria than Bangladesh included Germany ($51B), Italy ($13.5B), and Switzerland ($10.9B).

In 2023, countries that imported more from Bangladesh than Austria included Spain ($3.95B), India ($1.89B), and Burma ($25M).

Difference in imports from Bangladesh (Flag) and Austria (Flag) (2023)

Comparative Advantage Austria - Bangladesh

Flow
Scale

This chart compares trade between Austria and Bangladesh by product, considering products traded by both, Austria and Bangladesh.

During 2023, Austria had a large net trade with Bangladesh in the exports of Machines ($16.6M), Chemical Products ($10.1M), and Instruments ($5.22M).

During 2018, Bangladesh had a large net trade with Austria in the exports of Textiles ($991M), Footwear and Headwear ($30.3M), and Transportation ($9.64M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Bangladesh+$2.37MVaccines, blood, antisera, toxins and cultures
Top Product Potential Bangladesh Austria+$37.4MKnit T-shirts

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Austria and Bangladesh. This means that a dot/product with the flag of Austria indicates it has a comparative advantage over Bangladesh. Similarly, a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Austria.

Product Space of Austria (Flag) and Bangladesh (Flag) (2023)

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