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2023
Flag → Flag
Exports $229MRnk 81 / 220
2023
Flag → Flag
Top Product $47.3MVaccines, blood, antisera, toxins and cultures
2023
Flag → Flag
Exports $416MRnk 25 / 138
2023
Flag → Flag
Top Product $141MKnit T-shirts
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP GROWTH192%CURRENT US$
Rnk 3 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC$2,551CURRENT US$
Rnk 146 / 196
2013-2023
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GDP PC GROWTH166%CURRENT US$
Rnk 2 / 195

About

Belgium-Bangladesh Trade: In 2023, Belgium exported $229M to Bangladesh. The main products that Belgium exported to Bangladesh were Vaccines, blood, antisera, toxins and cultures ($47.3M), Electric Generating Sets ($19.6M), and Flax Fibers ($14M). Over the past 5 years the exports of Belgium to Bangladesh have increased at an annualized rate of 1.4%, from $213M in 2018 to $229M in 2023.

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

Bangladesh-Belgium Trade: In 2023, Bangladesh exported $416M to Belgium. The main products that Bangladesh exported to Belgium were Knit T-shirts ($141M), Knit Sweaters ($66.3M), and Crustaceans ($29.4M). Over the past 5 years the exports of Bangladesh to Belgium have decreased at an annualized rate of 0.54%,  from $427M in 2018 to $416M in 2023.

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

Comparison: In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €22.7M and imported €43.6M from Bangladesh, resulting in a negative trade balance of €21M. Between October 2023 and October 2024 the exports of Belgium have increased by €14.2M (168%) from €8.47M to €22.7M, while imports increased by €9.71M (28.6%) from €33.9M to €43.6M.

Trade In October 2024, the top exports of Belgium to Bangladesh were Pharmaceutical products (€2.87M), Machinery, mechanical appliances, & parts (€2.68M), Edible products of animal origin, n.e.s. (€1.35M), Vegetable textile fibers, paper yarn &... (€1.17M), and Preparations of cereals, flour, starch or... (€1.03M). In October 2024 the top imports of Belgium from Bangladesh were Knitted clothing accesories (€31.3M), Non-knitted clothing accesories (€8.68M), Fish, Crustaceans & Molluscs (€3.02M), Tobacco & substitutes (€2.09M), and Used clothes & textile articles (€1.21M).

Growth In October 2024, the increase in Belgium's year-by-year exports to Bangladesh was explained primarily by an increase in product exports in Pharmaceutical products (€2.78M or 3.03k%), Edible products of animal origin, n.e.s. (€1.1M or 457%), and Vegetable textile fibers, paper yarn &... (€575k or 96.1%). In October 2024, the increase in Belgium's year-by-year imports  from Bangladesh was explained primarily by an increase in product imports  in Tobacco & substitutes (€1.78M or 582%), Vegetable textile fibers, paper yarn &... (€97.9k or 21.3%), and Furniture, bedding, lamps, & prefab buildings (€4.45k or 98.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€14.2M(168%)
IMPORT GROWTH (October 2023 - October 2024)€9.71M(28.6%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Bangladesh and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bangladesh and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $229M to Bangladesh. The main products exported from Belgium to Bangladesh were Vaccines, blood, antisera, toxins and cultures ($47.3M), Electric Generating Sets ($19.6M), and Flax Fibers ($14M). During the last 5 years the exports of Belgium to Bangladesh have increased at an annualized rate of 1.4%, from $213M in 2018 to $229M in 2023.

In 2018, Bangladesh exported $416M to Belgium. The main products exported from Bangladesh to Belgium were Knit T-shirts ($141M), Knit Sweaters ($66.3M), and Crustaceans ($29.4M). During the last 5 years the exports of Bangladesh to Belgium have decreased at an annualized rate of 0.54%, from $427M in 2023 to $416M in 2018.

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

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

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Bangladesh
Top DestinationUnited States$8.58B

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

In 2023, countries that imported more from Belgium than Bangladesh included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, countries that imported more from Bangladesh than Belgium included Andorra ($10.1M).

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

Comparative Advantage Belgium - Bangladesh

Flow
Scale

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

During 2023, Belgium had a large net trade with Bangladesh in the exports of Chemical Products ($68.9M), Machines ($67.3M), and Textiles ($21.3M).

During 2018, Bangladesh had a large net trade with Belgium in the exports of Textiles ($367M), Animal Products ($29.4M), and Footwear and Headwear ($6.73M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Bangladesh+$48.1MVaccines, blood, antisera, toxins and cultures
Top Product Potential Bangladesh Belgium+$58MKnit Sweaters

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 Belgium and Bangladesh. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Bangladesh. Similarly, a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Belgium.

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

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