2022
Flag  
GDP
$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH
245%CURRENT US$
Rnk 2 / 186
2022
Flag
 GDP
$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH
13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC 
$2,688CURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP PC GROWTH
207%CURRENT US$
Rnk 2 / 186
2022
Flag
GDP PC
$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH
7.92%CURRENT US$
Rnk 122 / 186

About

Bangladesh-United Kingdom Trade: In 2022, Bangladesh exported $4.86B to United Kingdom. The main products that Bangladesh exported to United Kingdom were Knit T-shirts ($795M), Knit Sweaters ($650M), and Non-Knit Women's Suits ($523M). Over the past 5 years the exports of Bangladesh to United Kingdom have increased at an annualized rate of 6.39%, from $3.56B in 2017 to $4.86B in 2022.

In 2022, Bangladesh did not export any services to United Kingdom.

United Kingdom-Bangladesh Trade: In 2022, United Kingdom exported $679M to Bangladesh. The main products that United Kingdom exported to Bangladesh were Scrap Iron ($345M), Gas Turbines ($34.2M), and Planes, Helicopters, and/or Spacecraft ($24.7M). Over the past 5 years the exports of United Kingdom to Bangladesh have increased at an annualized rate of 17.7%,  from $301M in 2017 to $679M in 2022.

In 2022, United Kingdom 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bangladesh exported $4.86B to United Kingdom. The main products exported from Bangladesh to United Kingdom were Knit T-shirts ($795M), Knit Sweaters ($650M), and Non-Knit Women's Suits ($523M). During the last 5 years the exports of Bangladesh to United Kingdom have increased at an annualized rate of 6.39%, from $3.56B in 2017 to $4.86B in 2022.

In 2017, United Kingdom exported $679M to Bangladesh. The main products exported from United Kingdom to Bangladesh were Scrap Iron ($345M), Gas Turbines ($34.2M), and Planes, Helicopters, and/or Spacecraft ($24.7M). During the last 5 years the exports of United Kingdom to Bangladesh have increased at an annualized rate of 17.7%, from $301M in 2022 to $679M in 2017.

Exports from Bangladesh (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Bangladesh (Flag) (2022)

Latest Data

Trade between Bangladesh (Flag) and United Kingdom (Flag)

United Kingdom Exports

Market Competitiveness

Color
Bangladesh
Top Destination
United States$11.7B
United Kingdom
Top Destination
United States$61.8B

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

In 2022, countries that imported more from Bangladesh than United Kingdom included Nepal ($55.1M).

In 2022, countries that imported more from United Kingdom than Bangladesh included United States ($61.8B), Netherlands ($41.9B), and China ($35.4B).

Difference in imports from United Kingdom (Flag) and Bangladesh (Flag) (2022)

Comparative Advantage Bangladesh - United Kingdom

Flow
Scale

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

During 2022, Bangladesh had a large net trade with United Kingdom in the exports of Textiles ($4.61B), Footwear and Headwear ($60.9M), and Animal Products ($53.4M).

During 2017, United Kingdom had a large net trade with Bangladesh in the exports of Metals ($361M), Machines ($141M), and Textiles ($53.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bangladesh United Kingdom+$115MKnit Sweaters
Top Product Potential United Kingdom Bangladesh+$20.1MCars

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

Product Space of Bangladesh (Flag) and United Kingdom (Flag) (2022)

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