Bangladesh (BGD) and South Africa (ZAF) Trade | The Observatory of Economic Complexity

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Bangladesh-South Africa Trade: In 2023, Bangladesh exported $117M to South Africa. The main products that Bangladesh exported to South Africa were Non-Knit Men's Suits ($21.4M), Knit Sweaters ($19.1M), and Knit T-shirts ($17.4M). Over the past 5 years the exports of Bangladesh to South Africa have increased at an annualized rate of 2.28%, from $104M in 2018 to $117M in 2023.

In 2023, Bangladesh did not export any services to South Africa.

South Africa-Bangladesh Trade: In 2023, South Africa exported $309M to Bangladesh. The main products that South Africa exported to Bangladesh were Soybeans ($133M), Coal Briquettes ($57.2M), and Citrus ($40.4M). Over the past 5 years the exports of South Africa to Bangladesh have increased at an annualized rate of 4.63%, from $246M in 2018 to $309M in 2023.

In 2023, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.07), and 34 in total exports ($154B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $117M to South Africa. The main products exported from Bangladesh to South Africa were Non-Knit Men's Suits ($21.4M), Knit Sweaters ($19.1M), and Knit T-shirts ($17.4M). During the last 5 years the exports of Bangladesh to South Africa have increased at an annualized rate of 2.28%, from $104M in 2018 to $117M in 2023.

In 2018, South Africa exported $309M to Bangladesh. The main products exported from South Africa to Bangladesh were Soybeans ($133M), Coal Briquettes ($57.2M), and Citrus ($40.4M). During the last 5 years the exports of South Africa to Bangladesh have increased at an annualized rate of 4.63%, from $246M in 2023 to $309M in 2018.

Exports from Bangladesh () to South Africa () (2023)

Exports from South Africa () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and South Africa ()

South Africa Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

South Africa
Top DestinationChina$29.5B

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

In 2023, countries that imported more from Bangladesh than South Africa included Poland ($3.04B), Spain ($3.95B), and France ($2.32B).

In 2023, countries that imported more from South Africa than Bangladesh included China ($29.5B), India ($10.8B), and Mozambique ($6.13B).

Difference in imports from South Africa () and Bangladesh () (2023)

Comparative Advantage Bangladesh - South Africa

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with South Africa in the exports of Textiles ($105M), Footwear and Headwear ($5.56M), and Animal Hides ($2.36M).

During 2018, South Africa had a large net trade with Bangladesh in the exports of Vegetable Products ($212M), Mineral Products ($64.2M), and Chemical Products ($27.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh South Africa+$21.6MNon-Knit Men's Suits

Top Product Potential South Africa Bangladesh+$31.9MCoal Briquettes

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

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to South Africa () (2023)

Exports from South Africa () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and South Africa ()

South Africa Exports

Market Competitiveness

Difference in imports from South Africa () and Bangladesh () (2023)

Comparative Advantage Bangladesh - South Africa

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and South Africa () (2023)

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