Bangladesh (BGD) and Uzbekistan (UZB) Trade | The Observatory of Economic Complexity

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Bangladesh-Uzbekistan Trade: In 2023, Bangladesh exported $35.6M to Uzbekistan. The main products that Bangladesh exported to Uzbekistan were Jute Yarn ($27.9M), Packaged Medicaments ($4.08M), and Raw Tobacco ($1.22M). Over the past 5 years the exports of Bangladesh to Uzbekistan have increased at an annualized rate of 19.7%, from $14.5M in 2018 to $35.6M in 2023.

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

Uzbekistan-Bangladesh Trade: In 2023, Uzbekistan exported $6.47M to Bangladesh. The main products that Uzbekistan exported to Bangladesh were Non-Retail Pure Cotton Yarn ($6.47M). Over the past 5 years the exports of Uzbekistan to Bangladesh have decreased at an annualized rate of 29.8%, from $37.8M in 2018 to $6.47M in 2023.

In 2023, Uzbekistan 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, Uzbekistan ranked 74 in the Economic Complexity Index (ECI -0.22), and 72 in total exports ($24.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $35.6M to Uzbekistan. The main products exported from Bangladesh to Uzbekistan were Jute Yarn ($27.9M), Packaged Medicaments ($4.08M), and Raw Tobacco ($1.22M). During the last 5 years the exports of Bangladesh to Uzbekistan have increased at an annualized rate of 19.7%, from $14.5M in 2018 to $35.6M in 2023.

In 2018, Uzbekistan exported $6.47M to Bangladesh. The main products exported from Uzbekistan to Bangladesh were Non-Retail Pure Cotton Yarn ($6.47M). During the last 5 years the exports of Uzbekistan to Bangladesh have decreased at an annualized rate of 29.8%, from $37.8M in 2023 to $6.47M in 2018.

Exports from Bangladesh () to Uzbekistan () (2023)

Exports from Uzbekistan () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Uzbekistan ()

Uzbekistan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Uzbekistan
Top DestinationSwitzerland$8.18B

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

In 2023, countries that imported more from Bangladesh than Uzbekistan included United States ($8.58B), Germany ($8.28B), and Spain ($3.95B).

In 2023, countries that imported more from Uzbekistan than Bangladesh included Switzerland ($8.18B), Russia ($3.02B), and Kazakhstan ($1.37B).

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

Comparative Advantage Bangladesh - Uzbekistan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Uzbekistan in the exports of Textiles ($30.2M), Chemical Products ($4.08M), and Foodstuffs ($1.22M).

During 2018, Uzbekistan had a large net trade with Bangladesh in the exports of Textiles ($6.47M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Uzbekistan+$4.25kNon-Knit Women's Suits

Top Product Potential Uzbekistan Bangladesh+$6.74kGold

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

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Uzbekistan () (2023)

Exports from Uzbekistan () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Uzbekistan ()

Uzbekistan Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Uzbekistan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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