Bangladesh (BGD) and Colombia (COL) Trade | The Observatory of Economic Complexity

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Bangladesh-Colombia Trade: In 2022, Bangladesh exported $117M to Colombia. The main products that Bangladesh exported to Colombia were Non-Knit Men's Suits ($19.8M), Knit T-shirts ($18.8M), and Non-Knit Women's Suits ($16.5M). Over the past 5 years the exports of Bangladesh to Colombia have increased at an annualized rate of 16.6%, from $54.3M in 2017 to $117M in 2022.

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

Colombia-Bangladesh Trade: In 2022, Colombia exported $2.46M to Bangladesh. The main products that Colombia exported to Bangladesh were Scrap Iron ($1.82M), Motor vehicles; parts and accessories (8701 to 8705) ($574k), and Polyamide Fabric ($32.1k). Over the past 5 years the exports of Colombia to Bangladesh have increased at an annualized rate of 15.9%, from $1.17M in 2017 to $2.46M in 2022.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bangladesh exported $117M to Colombia. The main products exported from Bangladesh to Colombia were Non-Knit Men's Suits ($19.8M), Knit T-shirts ($18.8M), and Non-Knit Women's Suits ($16.5M). During the last 5 years the exports of Bangladesh to Colombia have increased at an annualized rate of 16.6%, from $54.3M in 2017 to $117M in 2022.

In 2017, Colombia exported $2.46M to Bangladesh. The main products exported from Colombia to Bangladesh were Scrap Iron ($1.82M), Motor vehicles; parts and accessories (8701 to 8705) ($574k), and Polyamide Fabric ($32.1k). During the last 5 years the exports of Colombia to Bangladesh have increased at an annualized rate of 15.9%, from $1.17M in 2022 to $2.46M in 2017.

Exports from Bangladesh () to Colombia () (2022)

Exports from Colombia () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Colombia ()

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$11.7B

Colombia
Top DestinationUnited States$15.6B

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

In 2022, countries that imported more from Bangladesh than Colombia included Germany ($10.2B), United Kingdom ($4.86B), and Spain ($4.41B).

In 2022, countries that imported more from Colombia than Bangladesh included Panama ($5.84B), United States ($15.6B), and Brazil ($2.39B).

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

Comparative Advantage Bangladesh - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bangladesh had a large net trade with Colombia in the exports of Textiles ($110M), Footwear and Headwear ($5.34M), and Plastics and Rubbers ($564k).

During 2017, Colombia had a large net trade with Bangladesh in the exports of Metals ($1.82M), Transportation ($574k), and Textiles ($61.5k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Colombia+$13.5MNon-Knit Women's Suits

Top Product Potential Colombia Bangladesh+$1.34MScrap Iron

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

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Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Colombia () (2022)

Exports from Colombia () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Colombia ()

Colombia Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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