Indonesia (IDN) and Bangladesh (BGD) Trade | The Observatory of Economic Complexity

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Indonesia-Bangladesh Trade: In 2022, Indonesia exported $1.6B to Bangladesh. The main products that Indonesia exported to Bangladesh were Palm Oil ($1.48B), Coal Briquettes ($1.1B), and Refined Petroleum ($217M). Over the past 5 years the exports of Indonesia to Bangladesh have increased at an annualized rate of 66.9%, from $123M in 2017 to $1.6B in 2022.

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

Bangladesh-Indonesia Trade: In 2022, Bangladesh exported $71.7M to Indonesia. The main products that Bangladesh exported to Indonesia were Knit T-shirts ($16.4M), Jute Yarn ($12.3M), and Non-Knit Women's Suits ($10.5M). Over the past 5 years the exports of Bangladesh to Indonesia have increased at an annualized rate of 49.7%, from $9.54M in 2017 to $71.7M in 2022.

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

Comparison: In 2022, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B). That same year, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Indonesia exported $1.6B to Bangladesh. The main products exported from Indonesia to Bangladesh were Palm Oil ($1.48B), Coal Briquettes ($1.1B), and Refined Petroleum ($217M). During the last 5 years the exports of Indonesia to Bangladesh have increased at an annualized rate of 66.9%, from $123M in 2017 to $1.6B in 2022.

In 2017, Bangladesh exported $71.7M to Indonesia. The main products exported from Bangladesh to Indonesia were Knit T-shirts ($16.4M), Jute Yarn ($12.3M), and Non-Knit Women's Suits ($10.5M). During the last 22 years the exports of Bangladesh to Indonesia have increased at an annualized rate of 49.7%, from $9.54M in 1995 to $71.7M in 2017.

Exports from Indonesia () to Bangladesh () (2022)

Exports from Bangladesh () to Indonesia () (2022)

Latest Data

Trade between Indonesia () and Bangladesh ()

Indonesia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Indonesia
Top DestinationChina$67.7B

Bangladesh
Top DestinationUnited States$11.7B

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

In 2022, countries that imported more from Indonesia than Bangladesh included China ($67.7B), Japan ($26.6B), and India ($25.3B).

In 2022, countries that imported more from Bangladesh than Indonesia included Germany ($10.2B), United Kingdom ($4.86B), and Poland ($3.53B).

Difference in imports from Bangladesh () and Indonesia () (2022)

Comparative Advantage Indonesia - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Indonesia had a large net trade with Bangladesh in the exports of Animal and Vegetable Bi-Products ($1.51B), Mineral Products ($1.51B), and Textiles ($355M).

During 2017, Bangladesh had a large net trade with Indonesia in the exports of Textiles ($92.4M), Chemical Products ($3.2M), and Foodstuffs ($2.98M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Indonesia Bangladesh+$98.7MRefined Petroleum

Top Product Potential Bangladesh Indonesia+$19.2MKnit T-shirts

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

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Historical Data

Bilateral Trade by Products

Exports from Indonesia () to Bangladesh () (2022)

Exports from Bangladesh () to Indonesia () (2022)

Latest Data

Trade between Indonesia () and Bangladesh ()

Indonesia Exports

Market Competitiveness

Difference in imports from Bangladesh () and Indonesia () (2022)

Comparative Advantage Indonesia - Bangladesh

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Indonesia () and Bangladesh () (2022)

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