Bangladesh (BGD) and Ukraine (UKR) Trade | The Observatory of Economic Complexity

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Bangladesh-Ukraine Trade: In 2023, Bangladesh exported $136M to Ukraine. The main products that Bangladesh exported to Ukraine were Knit T-shirts ($24.1M), Knit Sweaters ($18.8M), and Leather Footwear ($16.4M). Over the past 5 years the exports of Bangladesh to Ukraine have increased at an annualized rate of 10.2%, from $83.5M in 2018 to $136M in 2023.

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

Ukraine-Bangladesh Trade: In 2023, Ukraine exported $211M to Bangladesh. The main products that Ukraine exported to Bangladesh were Wheat ($171M), Rapeseed ($15M), and Dried Legumes ($7.27M). Over the past 5 years the exports of Ukraine to Bangladesh have decreased at an annualized rate of 0.46%, from $217M in 2018 to $211M in 2023.

In 2023, Ukraine 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, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $136M to Ukraine. The main products exported from Bangladesh to Ukraine were Knit T-shirts ($24.1M), Knit Sweaters ($18.8M), and Leather Footwear ($16.4M). During the last 5 years the exports of Bangladesh to Ukraine have increased at an annualized rate of 10.2%, from $83.5M in 2018 to $136M in 2023.

In 2018, Ukraine exported $211M to Bangladesh. The main products exported from Ukraine to Bangladesh were Wheat ($171M), Rapeseed ($15M), and Dried Legumes ($7.27M). During the last 5 years the exports of Ukraine to Bangladesh have decreased at an annualized rate of 0.46%, from $217M in 2023 to $211M in 2018.

Exports from Bangladesh () to Ukraine () (2023)

Exports from Ukraine () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Ukraine ()

Ukraine Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Ukraine
Top DestinationPoland$4.83B

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

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

In 2023, countries that imported more from Ukraine than Bangladesh included Romania ($3.56B), Turkey ($2.88B), and Poland ($4.83B).

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

Comparative Advantage Bangladesh - Ukraine

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Ukraine in the exports of Textiles ($112M), Footwear and Headwear ($19.1M), and Animal Products ($2M).

During 2018, Ukraine had a large net trade with Bangladesh in the exports of Vegetable Products ($196M), Animal Products ($7.09M), and Machines ($2.28M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Ukraine+$5.37kNon-Knit Men's Suits

Top Product Potential Ukraine Bangladesh+$6.48kCorn

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

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Ukraine () (2023)

Exports from Ukraine () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Ukraine ()

Ukraine Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Ukraine

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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