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2023
Flag → Flag
Exports $178MRnk 93 / 220
2023
Flag → Flag
Top Product $21MRaw Cotton
2023
Flag → Flag
Exports $3.95BRnk 4 / 138
2023
Flag → Flag
Top Product $760MKnit T-shirts
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
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GDP GROWTH192%CURRENT US$
Rnk 3 / 195
2023
Flag
GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
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GDP PC$2,551CURRENT US$
Rnk 146 / 196
2013-2023
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GDP PC GROWTH166%CURRENT US$
Rnk 2 / 195

About

Spain-Bangladesh Trade: In 2023, Spain exported $178M to Bangladesh. The main products that Spain exported to Bangladesh were Raw Cotton ($21M), Prepared Pigments ($12.2M), and Synthetic Coloring Matter ($10.9M). Over the past 5 years the exports of Spain to Bangladesh have decreased at an annualized rate of 0.073%, from $179M in 2018 to $178M in 2023.

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

Bangladesh-Spain Trade: In 2023, Bangladesh exported $3.95B to Spain. The main products that Bangladesh exported to Spain were Knit T-shirts ($760M), Non-Knit Women's Suits ($599M), and Knit Sweaters ($532M). Over the past 5 years the exports of Bangladesh to Spain have increased at an annualized rate of 4.09%,  from $3.23B in 2018 to $3.95B in 2023.

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

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €11.5M and imported €303M from Bangladesh, resulting in a negative trade balance of €292M. Between November 2023 and November 2024 the exports of Spain have decreased by €-10.3M (-47.3%) from €21.9M to €11.5M, while imports decreased by €-25.6M (-7.77%) from €329M to €303M.

Trade In November 2024, the top exports of Spain to Bangladesh were Raw Cotton (€4.12M), Stone Processing Machines (€1.05M), Lifting Machinery (€634k), Prepared Pigments (€561k), and Animal Food (€383k). In November 2024 the top imports of Spain from Bangladesh were Knit T-shirts (€67.3M), Knit Sweaters (€47.9M), Non-Knit Women's Suits (€45.3M), Non-Knit Men's Suits (€41.3M), and Knit Women's Suits (€20.6M).

Origins In November 2024 the exports of Spain were mainly from Barcelona (€4.3M), Sevilla (€2.31M), Castellón (€965k), Valencia (€649k), and Valladolid (€548k), while imports destinations were mainly Madrid (€97M), Barcelona (€85M), A Coruña (€40.1M), Zaragoza (€20.8M), and Guadalajara (€17.3M).

Growth In November 2024, the decrease in Spain's year-by-year exports to Bangladesh was explained primarily by an decrease in product exports in Synthetic Coloring Matter (€-842k or -88%), Non-Mechanical Removal Machinery (€-817k or -88.2%), and Prepared Pigments (€-809k or -59.1%). In November 2024, the decrease in Spain's year-by-year imports  from Bangladesh was explained primarily by an decrease in product imports  in Other Knit Garments (€-5.03M or -48%), Knit Babies' Garments (€-2.19M or -29.8%), and Textile Scraps (€-989k or -84.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-10.3M(-47.3%)
IMPORT GROWTH (November 2023 - November 2024)€-25.6M(-7.77%)
MAIN EXPORTER (November 2024)Barcelona€4.3M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Bangladesh and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bangladesh and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $178M to Bangladesh. The main products exported from Spain to Bangladesh were Raw Cotton ($21M), Prepared Pigments ($12.2M), and Synthetic Coloring Matter ($10.9M). During the last 5 years the exports of Spain to Bangladesh have decreased at an annualized rate of 0.073%, from $179M in 2018 to $178M in 2023.

In 2018, Bangladesh exported $3.95B to Spain. The main products exported from Bangladesh to Spain were Knit T-shirts ($760M), Non-Knit Women's Suits ($599M), and Knit Sweaters ($532M). During the last 5 years the exports of Bangladesh to Spain have increased at an annualized rate of 4.09%, from $3.23B in 2023 to $3.95B in 2018.

Exports from Spain (Flag) to Bangladesh (Flag) (2023)

Exports from Bangladesh (Flag) to Spain (Flag) (2023)

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Bangladesh
Top DestinationUnited States$8.58B

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

In 2023, countries that imported more from Spain than Bangladesh included France ($61.9B), Portugal ($38.1B), and Italy ($34.7B).

In 2023, countries that imported more from Bangladesh than Spain included Samoa ($531k).

Difference in imports from Bangladesh (Flag) and Spain (Flag) (2023)

Comparative Advantage Spain - Bangladesh

Flow
Scale

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

During 2023, Spain had a large net trade with Bangladesh in the exports of Chemical Products ($57.4M), Machines ($48.8M), and Textiles ($28.1M).

During 2018, Bangladesh had a large net trade with Spain in the exports of Textiles ($3.83B), Footwear and Headwear ($49.1M), and Animal Hides ($21.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Bangladesh+$5.3MVaccines, blood, antisera, toxins and cultures
Top Product Potential Bangladesh Spain+$129MNon-Knit Women's Suits

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

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

Product Space of Spain (Flag) and Bangladesh (Flag) (2023)

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