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

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Bangladesh-Colombia Trade: In 2023, Bangladesh exported $104M to Colombia. The main products that Bangladesh exported to Colombia were Non-Knit Women's Suits ($17M), Non-Knit Men's Suits ($16.5M), and Knit T-shirts ($15.7M). Over the past 5 years the exports of Bangladesh to Colombia have increased at an annualized rate of 5.71%, from $79M in 2018 to $104M in 2023.

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

Colombia-Bangladesh Trade: In 2023, Colombia exported $2.14M to Bangladesh. The main products that Colombia exported to Bangladesh were Scrap Iron ($2.07M), Refrigerators ($32.7k), and Confectionery Sugar ($16.2k). Over the past 5 years the exports of Colombia to Bangladesh have decreased at an annualized rate of 14.3%, from $4.64M in 2018 to $2.14M in 2023.

In 2023, Colombia 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, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $104M to Colombia. The main products exported from Bangladesh to Colombia were Non-Knit Women's Suits ($17M), Non-Knit Men's Suits ($16.5M), and Knit T-shirts ($15.7M). During the last 5 years the exports of Bangladesh to Colombia have increased at an annualized rate of 5.71%, from $79M in 2018 to $104M in 2023.

In 2018, Colombia exported $2.14M to Bangladesh. The main products exported from Colombia to Bangladesh were Scrap Iron ($2.07M), Refrigerators ($32.7k), and Confectionery Sugar ($16.2k). During the last 5 years the exports of Colombia to Bangladesh have decreased at an annualized rate of 14.3%, from $4.64M in 2023 to $2.14M in 2018.

Exports from Bangladesh () to Colombia () (2023)

Exports from Colombia () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Colombia ()

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Colombia
Top DestinationUnited States$14.8B

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 2023, countries that imported more from Bangladesh than Colombia included Germany ($8.28B), United Kingdom ($4.25B), and Spain ($3.95B).

In 2023, countries that imported more from Colombia than Bangladesh included United States ($14.8B), Panama ($4.66B), and Ecuador ($2.19B).

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

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 2023, Bangladesh had a large net trade with Colombia in the exports of Textiles ($99.7M), Footwear and Headwear ($3.69M), and Plastics and Rubbers ($250k).

During 2018, Colombia had a large net trade with Bangladesh in the exports of Metals ($2.07M), Machines ($35.5k), and Foodstuffs ($16.2k).

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.

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Colombia () (2023)

Exports from Colombia () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Colombia ()

Colombia Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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