Bangladesh (BGD) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Bangladesh-Russia Trade: In 2021, Bangladesh exported $1.27B to Russia. The main products that Bangladesh exported to Russia were N/A. Over the past 5 years the exports of Bangladesh to Russia have increased at an annualized rate of 13%, from $691M in 2016 to $1.27B in 2021.

In 2021, Bangladesh did not export any services to Russia.

Russia-Bangladesh Trade: In 2021, Russia exported $1.72B to Bangladesh. The main products that Russia exported to Bangladesh were N/A. Over the past 5 years the exports of Russia to Bangladesh have increased at an annualized rate of 25.2%, from $560M in 2016 to $1.72B in 2021.

In 2020, Russia exported services to Bangladesh worth $819M, with Construction services ($697M), Other business services ($113M), and Insurance services ($4.69M) being the largest in terms of value.

Comparison: In 2023, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Bangladesh exported $1.27B to Russia. There were not main exports from Bangladesh to Russia in 2021. During the last 5 years the exports of Bangladesh to Russia have increased at an annualized rate of 13%, from $691M in 2016 to $1.27B in 2021.

In 2016, Russia exported $1.72B to Bangladesh. There were not main exports from Russia to Bangladesh in 2016. During the last 5 years the exports of Russia to Bangladesh have increased at an annualized rate of 25.2%, from $560M in 2021 to $1.72B in 2016.

Exports from Bangladesh () to Russia () (2021)

Exports from Russia () to Bangladesh () (2021)

Latest Data

Trade between Bangladesh () and Russia ()

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Bangladesh than Russia included Germany ($8.28B), United Kingdom ($4.25B), and United States ($8.58B).

In 2023, countries that imported more from Russia than Bangladesh included China ($129B), India ($66.1B), and Turkey ($31B).

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

Comparative Advantage Bangladesh - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Bangladesh had a large net trade with Russia in the exports of .

During 2016, Russia had a large net trade with Bangladesh in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Russia+$7.99kNon-Knit Women's Suits

Top Product Potential Russia Bangladesh+$14.5kRefined 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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Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Bangladesh worth $819M, with Construction services ($697M), Other business services ($113M), and Insurance services ($4.69M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Bangladesh () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Bangladesh and Russia. This means that a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Bangladesh.

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Russia () (2021)

Exports from Russia () to Bangladesh () (2021)

Latest Data

Trade between Bangladesh () and Russia ()

Russia Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Russia () to Bangladesh () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and Russia () (2021)

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