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Pricing

2022
Flag → Flag
Exports $207MRnk 89 / 218
2022
Flag → Flag
Top Product $33.5MPlanes, Helicopters, and/or Spacecraft
2022
Flag → Flag
Exports $4.41BRnk 4 / 139
2022
Flag → Flag
Top Product $834MKnit T-shirts
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.82Rnk 101 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$460BCURRENT US$
Rnk 34 / 186
2012-2022
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GDP GROWTH245%CURRENT US$
Rnk 2 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
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GDP PC$2,688CURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP PC GROWTH207%CURRENT US$
Rnk 2 / 186

About

Spain-Bangladesh Trade: In 2022, Spain exported $207M to Bangladesh. The main products that Spain exported to Bangladesh were Planes, Helicopters, and/or Spacecraft ($33.5M), Prepared Pigments ($19.3M), and Non-Mechanical Removal Machinery ($11.1M). Over the past 5 years the exports of Spain to Bangladesh have increased at an annualized rate of 5.46%, from $159M in 2017 to $207M in 2022.

In 2022, Spain did not export any services to Bangladesh.

Bangladesh-Spain Trade: In 2022, Bangladesh exported $4.41B to Spain. The main products that Bangladesh exported to Spain were Knit T-shirts ($834M), Non-Knit Women's Suits ($695M), and Knit Sweaters ($634M). Over the past 5 years the exports of Bangladesh to Spain have increased at an annualized rate of 5.88%,  from $2.79B in 2017 to $4.41B in 2022.

In 2022, Bangladesh did not export any services to Spain.

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €7.88M and imported €333M from Bangladesh, resulting in a negative trade balance of €325M. Between August 2023 and August 2024 the exports of Spain have decreased by €-5.04M (-39%) from €12.9M to €7.88M, while imports increased by €51.3M (18.2%) from €282M to €333M.

Trade In August 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 August 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 August 2024 the exports of Spain were mainly from Barcelona (€2.79M), Palencia (€1.17M), Tarragona (€1.08M), Castellón (€658k), and Sevilla (€460k), while imports destinations were mainly Barcelona (€110M), Madrid (€96.3M), A Coruña (€39.7M), Zaragoza (€23.8M), and Guadalajara (€14.4M).

Growth In August 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 August 2024, the increase in Spain's year-by-year imports  from Bangladesh was explained primarily by an increase in product imports  in Knit T-shirts (€22.8M or 51.2%), Non-Knit Men's Suits (€17.5M or 73.1%), and Knit Sweaters (€7.68M or 19.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-5.04M(-39%)
IMPORT GROWTH (August 2023 - August 2024)€51.3M(18.2%)
MAIN EXPORTER (August 2024)Barcelona€2.79M

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 2022, Spain exported $207M to Bangladesh. The main products exported from Spain to Bangladesh were Planes, Helicopters, and/or Spacecraft ($33.5M), Prepared Pigments ($19.3M), and Non-Mechanical Removal Machinery ($11.1M). During the last 5 years the exports of Spain to Bangladesh have increased at an annualized rate of 5.46%, from $159M in 2017 to $207M in 2022.

In 2017, Bangladesh exported $4.41B to Spain. The main products exported from Bangladesh to Spain were Knit T-shirts ($834M), Non-Knit Women's Suits ($695M), and Knit Sweaters ($634M). During the last 5 years the exports of Bangladesh to Spain have increased at an annualized rate of 5.88%, from $2.79B in 2022 to $4.41B in 2017.

Exports from Spain (Flag) to Bangladesh (Flag) (2022)

Exports from Bangladesh (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Bangladesh
Top DestinationUnited States$11.7B

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 2022, countries that imported more from Spain than Bangladesh included France ($65.2B), Portugal ($34.9B), and Italy ($32.1B).

In 2022, countries that imported more from Bangladesh than Spain included Nepal ($55.1M), Burma ($36.5M), and Timor-Leste ($777k).

Difference in imports from Bangladesh (Flag) and Spain (Flag) (2022)

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 2022, Spain had a large net trade with Bangladesh in the exports of Chemical Products ($62M), Machines ($53.1M), and Transportation ($33.9M).

During 2017, Bangladesh had a large net trade with Spain in the exports of Textiles ($4.28B), Footwear and Headwear ($56.5M), and Animal Hides ($22.5M).

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) (2022)

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