Bangladesh (BGD) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Bangladesh-Austria Trade: In 2022, Bangladesh exported $302M to Austria. The main products that Bangladesh exported to Austria were Knit Women's Suits ($76M), Knit T-shirts ($52.7M), and Non-Knit Men's Suits ($38.2M). Over the past 5 years the exports of Bangladesh to Austria have decreased at an annualized rate of 17.5%, from $787M in 2017 to $302M in 2022.

In 2022, Bangladesh did not export any services to Austria.

Austria-Bangladesh Trade: In 2022, Austria exported $44.3M to Bangladesh. The main products that Austria exported to Bangladesh were Electric Generating Sets ($16.7M), Industrial Fatty Acids, Oils and Alcohols ($3.33M), and Other Sugars ($2.65M). Over the past 5 years the exports of Austria to Bangladesh have decreased at an annualized rate of 2.28%, from $49.8M in 2017 to $44.3M in 2022.

In 2022, Austria did not export any services to Bangladesh.

Comparison: In 2022, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bangladesh exported $302M to Austria. The main products exported from Bangladesh to Austria were Knit Women's Suits ($76M), Knit T-shirts ($52.7M), and Non-Knit Men's Suits ($38.2M). During the last 5 years the exports of Bangladesh to Austria have decreased at an annualized rate of 17.5%, from $787M in 2017 to $302M in 2022.

In 2017, Austria exported $44.3M to Bangladesh. The main products exported from Austria to Bangladesh were Electric Generating Sets ($16.7M), Industrial Fatty Acids, Oils and Alcohols ($3.33M), and Other Sugars ($2.65M). During the last 5 years the exports of Austria to Bangladesh have decreased at an annualized rate of 2.28%, from $49.8M in 2022 to $44.3M in 2017.

Exports from Bangladesh () to Austria () (2022)

Exports from Austria () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Austria ()

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$11.7B

Austria
Top DestinationGermany$57.7B

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

In 2022, countries that imported more from Bangladesh than Austria included Spain ($4.41B), India ($2B), and Kuwait ($448M).

In 2022, countries that imported more from Austria than Bangladesh included Germany ($57.7B), Italy ($13.6B), and Hungary ($10.4B).

Difference in imports from Austria () and Bangladesh () (2022)

Comparative Advantage Bangladesh - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bangladesh had a large net trade with Austria in the exports of Textiles ($279M), Transportation ($11.5M), and Footwear and Headwear ($3.81M).

During 2017, Austria had a large net trade with Bangladesh in the exports of Machines ($26.7M), Chemical Products ($5.74M), and Instruments ($5.24M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Austria+$37.4MKnit T-shirts

Top Product Potential Austria Bangladesh+$2.37MVaccines, blood, antisera, toxins and cultures

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Austria () (2022)

Exports from Austria () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Austria ()

Austria Exports

Market Competitiveness

Difference in imports from Austria () and Bangladesh () (2022)

Comparative Advantage Bangladesh - Austria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and Austria () (2022)

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