Bangladesh (BGD) and Canada (CAN) Trade | The Observatory of Economic Complexity

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Bangladesh-Canada Trade: In 2023, Bangladesh exported $1.66B to Canada. The main products that Bangladesh exported to Canada were Non-Knit Men's Suits ($242M), Non-Knit Women's Suits ($201M), and Knit Sweaters ($195M). Over the past 5 years the exports of Bangladesh to Canada have increased at an annualized rate of 4.58%, from $1.33B in 2018 to $1.66B in 2023.

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

Canada-Bangladesh Trade: In 2023, Canada exported $970M to Bangladesh. The main products that Canada exported to Bangladesh were Wheat ($428M), Potassic Fertilizers ($387M), and Dried Legumes ($102M). Over the past 5 years the exports of Canada to Bangladesh have increased at an annualized rate of 14.1%, from $501M in 2018 to $970M in 2023.

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

Comparison: In 2023, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B). That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $1.66B to Canada. The main products exported from Bangladesh to Canada were Non-Knit Men's Suits ($242M), Non-Knit Women's Suits ($201M), and Knit Sweaters ($195M). During the last 5 years the exports of Bangladesh to Canada have increased at an annualized rate of 4.58%, from $1.33B in 2018 to $1.66B in 2023.

In 2018, Canada exported $970M to Bangladesh. The main products exported from Canada to Bangladesh were Wheat ($428M), Potassic Fertilizers ($387M), and Dried Legumes ($102M). During the last 5 years the exports of Canada to Bangladesh have increased at an annualized rate of 14.1%, from $501M in 2023 to $970M in 2018.

Exports from Bangladesh () to Canada () (2023)

Exports from Canada () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Canada ()

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Canada
Top DestinationUnited States$410B

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

In 2023, countries that imported more from Bangladesh than Canada included Poland ($3.04B), Germany ($8.28B), and Spain ($3.95B).

In 2023, countries that imported more from Canada than Bangladesh included United States ($410B), China ($31.1B), and United Kingdom ($18B).

Difference in imports from Canada () and Bangladesh () (2023)

Comparative Advantage Bangladesh - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Canada in the exports of Textiles ($1.52B), Footwear and Headwear ($93.6M), and Animal Hides ($13M).

During 2018, Canada had a large net trade with Bangladesh in the exports of Vegetable Products ($530M), Chemical Products ($390M), and Metals ($24.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Canada+$94.9MKnit Sweaters

Top Product Potential Canada Bangladesh+$9.49MSoybeans

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

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Canada () (2023)

Exports from Canada () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Canada ()

Canada Exports

Market Competitiveness

Difference in imports from Canada () and Bangladesh () (2023)

Comparative Advantage Bangladesh - Canada

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and Canada () (2023)

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