Bangladesh (BGD) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Bangladesh-Sweden Trade: In 2023, Bangladesh exported $625M to Sweden. The main products that Bangladesh exported to Sweden were Knit T-shirts ($104M), Knit Sweaters ($101M), and Non-Knit Women's Suits ($70.8M). Over the past 5 years the exports of Bangladesh to Sweden have increased at an annualized rate of 2.74%, from $546M in 2018 to $625M in 2023.

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

Sweden-Bangladesh Trade: In 2023, Sweden exported $60.2M to Bangladesh. The main products that Sweden exported to Bangladesh were Other Uncoated Paper ($14.4M), Other Plastic Products ($12.2M), and Scrap Iron ($6.21M). Over the past 5 years the exports of Sweden to Bangladesh have increased at an annualized rate of 4.56%, from $48.2M in 2018 to $60.2M in 2023.

In 2023, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $625M to Sweden. The main products exported from Bangladesh to Sweden were Knit T-shirts ($104M), Knit Sweaters ($101M), and Non-Knit Women's Suits ($70.8M). During the last 5 years the exports of Bangladesh to Sweden have increased at an annualized rate of 2.74%, from $546M in 2018 to $625M in 2023.

In 2018, Sweden exported $60.2M to Bangladesh. The main products exported from Sweden to Bangladesh were Other Uncoated Paper ($14.4M), Other Plastic Products ($12.2M), and Scrap Iron ($6.21M). During the last 5 years the exports of Sweden to Bangladesh have increased at an annualized rate of 4.56%, from $48.2M in 2023 to $60.2M in 2018.

Exports from Bangladesh () to Sweden () (2023)

Exports from Sweden () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Sweden ()

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Sweden
Top DestinationGermany$18.4B

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

In 2023, countries that imported more from Bangladesh than Sweden included Sri Lanka ($67.4M), Burma ($25M), and Mauritius ($23.2M).

In 2023, countries that imported more from Sweden than Bangladesh included Denmark ($14.4B), Norway ($10.9B), and Germany ($18.4B).

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

Comparative Advantage Bangladesh - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Sweden in the exports of Textiles ($607M), Footwear and Headwear ($8.49M), and Transportation ($2.87M).

During 2018, Sweden had a large net trade with Bangladesh in the exports of Machines ($17.5M), Paper Goods ($16.8M), and Plastics and Rubbers ($13M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Sweden+$43.7MNon-Knit Men's Suits

Top Product Potential Sweden Bangladesh+$4.72MScrap Iron

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

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Sweden () (2023)

Exports from Sweden () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Sweden ()

Sweden Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Sweden

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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