Bangladesh (BGD) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Bangladesh-Greece Trade: In 2023, Bangladesh exported $70.9M to Greece. The main products that Bangladesh exported to Greece were Knit T-shirts ($14.3M), Knit Sweaters ($8.83M), and Non-Knit Men's Suits ($8.41M). Over the past 5 years the exports of Bangladesh to Greece have increased at an annualized rate of 7.11%, from $50.3M in 2018 to $70.9M in 2023.

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

Greece-Bangladesh Trade: In 2023, Greece exported $63.7M to Bangladesh. The main products that Greece exported to Bangladesh were Raw Cotton ($26.7M), Integrated Circuits ($11.2M), and Textile Processing Machines ($9.66M). Over the past 5 years the exports of Greece to Bangladesh have increased at an annualized rate of 8.14%, from $43.1M in 2018 to $63.7M in 2023.

In 2023, Greece 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, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $70.9M to Greece. The main products exported from Bangladesh to Greece were Knit T-shirts ($14.3M), Knit Sweaters ($8.83M), and Non-Knit Men's Suits ($8.41M). During the last 5 years the exports of Bangladesh to Greece have increased at an annualized rate of 7.11%, from $50.3M in 2018 to $70.9M in 2023.

In 2018, Greece exported $63.7M to Bangladesh. The main products exported from Greece to Bangladesh were Raw Cotton ($26.7M), Integrated Circuits ($11.2M), and Textile Processing Machines ($9.66M). During the last 5 years the exports of Greece to Bangladesh have increased at an annualized rate of 8.14%, from $43.1M in 2023 to $63.7M in 2018.

Exports from Bangladesh () to Greece () (2023)

Exports from Greece () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Greece ()

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Greece
Top DestinationItaly$6.21B

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

In 2023, countries that imported more from Bangladesh than Greece included United States ($8.58B), Germany ($8.28B), and Spain ($3.95B).

In 2023, countries that imported more from Greece than Bangladesh included Italy ($6.21B), Cyprus ($3.03B), and Bulgaria ($2.38B).

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

Comparative Advantage Bangladesh - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Greece in the exports of Textiles ($56.9M), Foodstuffs ($5.28M), and Stone And Glass ($2.27M).

During 2018, Greece had a large net trade with Bangladesh in the exports of Textiles ($26.8M), Machines ($22.7M), and Paper Goods ($9.15M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Greece+$18MKnit T-shirts

Top Product Potential Greece Bangladesh+$6.02MRaw Cotton

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

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Greece () (2023)

Exports from Greece () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Greece ()

Greece Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Greece

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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