Bangladesh (BGD) and India (IND) Trade | The Observatory of Economic Complexity

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Bangladesh-India Trade: In 2023, Bangladesh exported $1.89B to India. The main products that Bangladesh exported to India were Non-Knit Men's Suits ($219M), Planes, Helicopters, and/or Spacecraft ($172M), and Textile Scraps ($113M). Over the past 5 years the exports of Bangladesh to India have increased at an annualized rate of 16.2%, from $894M in 2018 to $1.89B in 2023.

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

India-Bangladesh Trade: In 2023, India exported $11.3B to Bangladesh. The main products that India exported to Bangladesh were Electricity ($1.42B), Non-Retail Pure Cotton Yarn ($1.2B), and Refined Petroleum ($723M). Over the past 5 years the exports of India to Bangladesh have increased at an annualized rate of 5.17%, from $8.74B in 2018 to $11.3B in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $1.89B to India. The main products exported from Bangladesh to India were Non-Knit Men's Suits ($219M), Planes, Helicopters, and/or Spacecraft ($172M), and Textile Scraps ($113M). During the last 5 years the exports of Bangladesh to India have increased at an annualized rate of 16.2%, from $894M in 2018 to $1.89B in 2023.

In 2018, India exported $11.3B to Bangladesh. The main products exported from India to Bangladesh were Electricity ($1.42B), Non-Retail Pure Cotton Yarn ($1.2B), and Refined Petroleum ($723M). During the last 5 years the exports of India to Bangladesh have increased at an annualized rate of 5.17%, from $8.74B in 2023 to $11.3B in 2018.

Exports from Bangladesh () to India () (2023)

Exports from India () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and India ()

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

India
Top DestinationUnited States$85.5B

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

In 2023, countries that imported more from Bangladesh than India included Andorra ($10.1M).

In 2023, countries that imported more from India than Bangladesh included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

Comparative Advantage Bangladesh - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with India in the exports of Textiles ($1.13B), Transportation ($173M), and Animal Hides ($114M).

During 2018, India had a large net trade with Bangladesh in the exports of Textiles ($2.64B), Mineral Products ($2.45B), and Foodstuffs ($1.21B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh India+$156MNon-Knit Men's Suits

Top Product Potential India Bangladesh+$1.45BRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to India () (2023)

Exports from India () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and India ()

India Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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