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Pricing

2023
Flag → Flag
Exports $4.25BRnk 3 / 138
2023
Flag → Flag
Top Product $696MKnit T-shirts
2023
Flag → Flag
Exports $604MRnk 60 / 223
2023
Flag → Flag
Top Product $197MScrap Iron
2023
Flag
Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP GROWTH192%CURRENT US$
Rnk 3 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC $2,551CURRENT US$
Rnk 146 / 195
2013-2023
Flag
GDP PC GROWTH166%CURRENT US$
Rnk 2 / 195
2023
Flag
GDP PC$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Bangladesh-United Kingdom Trade: In 2023, Bangladesh exported $4.25B to United Kingdom. The main products that Bangladesh exported to United Kingdom were Knit T-shirts ($696M), Knit Sweaters ($548M), and Non-Knit Women's Suits ($465M). Over the past 5 years the exports of Bangladesh to United Kingdom have increased at an annualized rate of 2.73%, from $3.72B in 2018 to $4.25B in 2023.

In 2023, Bangladesh did not export any services to United Kingdom.

United Kingdom-Bangladesh Trade: In 2023, United Kingdom exported $604M to Bangladesh. The main products that United Kingdom exported to Bangladesh were Scrap Iron ($197M), Gas Turbines ($120M), and Electric Generating Sets ($31.2M). Over the past 5 years the exports of United Kingdom to Bangladesh have increased at an annualized rate of 8.84%,  from $396M in 2018 to $604M in 2023.

In 2023, United Kingdom 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, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bangladesh exported $4.25B to United Kingdom. The main products exported from Bangladesh to United Kingdom were Knit T-shirts ($696M), Knit Sweaters ($548M), and Non-Knit Women's Suits ($465M). During the last 5 years the exports of Bangladesh to United Kingdom have increased at an annualized rate of 2.73%, from $3.72B in 2018 to $4.25B in 2023.

In 2018, United Kingdom exported $604M to Bangladesh. The main products exported from United Kingdom to Bangladesh were Scrap Iron ($197M), Gas Turbines ($120M), and Electric Generating Sets ($31.2M). During the last 5 years the exports of United Kingdom to Bangladesh have increased at an annualized rate of 8.84%, from $396M in 2023 to $604M in 2018.

Exports from Bangladesh (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Bangladesh (Flag) (2023)

Latest Data

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

United Kingdom Exports

Market Competitiveness

Color
Bangladesh
Top DestinationUnited States$8.58B
United Kingdom
Top DestinationUnited States$59.7B

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 2023, no countries were registered that imported more from Bangladesh than from United Kingdom.

In 2023, countries that imported more from United Kingdom than Bangladesh included United States ($59.7B), China ($35.3B), and Ireland ($29.1B).

Difference in imports from United Kingdom (Flag) and Bangladesh (Flag) (2023)

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 2023, Bangladesh had a large net trade with United Kingdom in the exports of Textiles ($4.05B), Animal Products ($49.8M), and Footwear and Headwear ($42.3M).

During 2018, United Kingdom had a large net trade with Bangladesh in the exports of Machines ($228M), Metals ($207M), and Textiles ($66.5M).

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) (2023)

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