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Flag → Flag
Top Product $12.4MKnit T-shirts
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Flag → Flag
Exports $3.58BRnk 14 / 213
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Flag → Flag
Top Product $1.16BPalm Oil
2023
Flag
Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP GROWTH192%CURRENT US$
Rnk 3 / 195
2023
Flag
 GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 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$4,876CURRENT US$
Rnk 123 / 196
2013-2023
Flag
GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195

About

In N/A, Bangladesh did not export any services to Indonesia.

Indonesia-Bangladesh Trade: In N/A, Indonesia exported $3.58B to Bangladesh. The main products that Indonesia exported to Bangladesh were Palm Oil ($1.16B), Coal Briquettes ($1.07B), and Refined Petroleum ($295M). Over the past N/A years the exports of Indonesia to Bangladesh have increased at an annualized rate of 13.6%,  from $1.89B in N/A to $3.58B in N/A.

In N/A, Indonesia 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, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth
Value

Bangladesh does not register exports to Indonesia. The main products exported from Bangladesh to Indonesia were Knit T-shirts ($12.4M), Jute Yarn ($11.5M), and Non-Knit Women's Suits ($9.72M).

In 2018, Indonesia exported $3.58B to Bangladesh. The main products exported from Indonesia to Bangladesh were Palm Oil ($1.16B), Coal Briquettes ($1.07B), and Refined Petroleum ($295M). During the last 5 years the exports of Indonesia to Bangladesh have increased at an annualized rate of 13.6%, from $1.89B in 2023 to $3.58B in 2018.

Exports from Bangladesh (Flag) to Indonesia (Flag) (2023)

Exports from Indonesia (Flag) to Bangladesh (Flag) (2023)

Latest Data

Trade between Bangladesh (Flag) and Indonesia (Flag)

Indonesia Exports

Market Competitiveness

Color
Bangladesh
Top DestinationUnited States$8.58B
Indonesia
Top DestinationChina$70.7B

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

In 2023, countries that imported more from Bangladesh than Indonesia included Germany ($8.28B), Poland ($3.04B), and United Kingdom ($4.25B).

In 2023, countries that imported more from Indonesia than Bangladesh included China ($70.7B), Japan ($23.7B), and India ($24B).

Difference in imports from Indonesia (Flag) and Bangladesh (Flag) (2023)

Comparative Advantage Bangladesh - Indonesia

Flow
Scale

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

During 2018, Indonesia had a large net trade with Bangladesh in the exports of Mineral Products ($1.64B), Animal and Vegetable Bi-Products ($1.18B), and Textiles ($275M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bangladesh Indonesia+$19.2MKnit T-shirts
Top Product Potential Indonesia Bangladesh+N/AN/A

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

Product Space of Bangladesh (Flag) and Indonesia (Flag) (2023)

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