Flag India / Bangladesh Flag

2020
FlagFlag
Exports
: $7.91B, Rnk 6 / 218

2020
FlagFlag
Top Product
: $700M, Raw Cotton

2020
FlagFlag
Exports
: $1.01B, Rnk 11 / 131

2020
FlagFlag
Top Product
: $112M, Other Pure Vegetable Oils

2020
Flag
Economic Complexity (ECI)
: ECI 0.56, Rnk 40 / 127

2020
Flag
Economic Complexity (ECI)
: ECI -1.19, Rnk 111 / 127

2020
Flag  
GDP
: $2.66T, CURRENT US$
Rnk 6 / 195

2010-2020
Flag
GDP GROWTH
: 58.8%, CURRENT US$
Rnk 46 / 195

2020
Flag
 GDP
: $323B, CURRENT US$
Rnk 39 / 195

2010-2020
Flag
GDP GROWTH
: 180%, CURRENT US$
Rnk 3 / 195

2020
Flag
GDP PC 
: $1,928, CURRENT US$
Rnk 150 / 195

2010-2020
Flag
GDP PC GROWTH
: 42%, CURRENT US$
Rnk 38 / 195

2020
Flag
GDP PC
: $1,962, CURRENT US$
Rnk 149 / 195

2010-2020
Flag
GDP PC GROWTH
: 151%, CURRENT US$
Rnk 3 / 195

India-Bangladesh In 2020, India exported $7.91B to Bangladesh. The main products that India exported to Bangladesh are Raw Cotton ($700M), Non-Retail Pure Cotton Yarn ($657M), and Electricity ($425M). During the last 25 years the exports of India to Bangladesh have increased at an annualized rate of 8.46%, from $1.04B in 1995 to $7.91B in 2020.

In 2020, India did not export any services to Bangladesh.

Bangladesh-India In 2020, Bangladesh exported $1.01B to India . The main products that Bangladesh exported to India were Other Pure Vegetable Oils ($112M), Non-Knit Men's Suits ($98.3M), and Textile Scraps ($65.8M). During the last 25 years the exports of Bangladesh to India have increased at an annualized rate of 10.2%, from $88.5M in 1995 to $1.01B in 2020.

In 2020, Bangladesh did not export any services to India.

Comparison In 2020,  India ranked 40 in the Economic Complexity Index (ECI 0.56), and 18 in total exports ($284B). That same year, Bangladesh ranked 111 in the Economic Complexity Index (ECI -1.19), and 52 in total exports ($41.2B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value
Compare to

In 2020, India exported $7.91B to Bangladesh. The main products exported from India to Bangladesh were Raw Cotton ($700M), Non-Retail Pure Cotton Yarn ($657M), and Electricity ($425M). During the last 25 years the exports of India to Bangladesh have increased at an annualized rate of 8.46%, from $1.04B in 1995 to $7.91B in 2020.

In 2020, Bangladesh exported $1.01B to India. The main products exported from Bangladesh to India were Other Pure Vegetable Oils ($112M), Non-Knit Men's Suits ($98.3M), and Textile Scraps ($65.8M). During the last 25 years the exports of Bangladesh to India have increased at an annualized rate of 10.2%, from $88.5M in 1995 to $1.01B in 2020.

Market Competitiveness

#permalink to section
Measure

India
Top Destination
: United States, $49.7B

Bangladesh
Top Destination
: Germany, $6.59B

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

In 2019, countries that imported more from India than Bangladesh were United States ($49.7B), China ($18.5B), and United Arab Emirates ($18.1B).

In 2019, countries that imported more from Bangladesh than India were Poland ($2.27B), Austria ($841M), and Slovakia ($289M).

Comparative Advantage India - Bangladesh

#permalink to section
Flow

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

During 2020, India had a large net trade with Bangladesh in the exports of Textiles ($2.08B), Mineral Products ($1.09B), and Vegetable Products ($929M).

During 2020, Bangladesh had a large net trade with India in the exports of Textiles ($579M), Animal and Vegetable Bi-Products ($137M), and Transportation ($61.4M).

Tariff Section

#permalink to section

This section shows import tariffs for products traded between India and Bangladesh (using the HS6 product classification and the last year reported).

In 2019, the products from India that paid the highest import tariffs to enter Bangladesh were Grape wines, sparkling (150%)and Grape wines nes, fortified wine or must, pack < 2l (150%).

In 2019, the products from Bangladesh that paid the highest import tariffs to enter India were Poultry: live, fowls of the species Gallus domesticus, weighing more than 185g (25%)and Poultry, live except domestic fowls, > 185 grams (25%).

*The tariffs present between India and Bangladesh are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
168: Preferential tariff for Bangladesh
168: Preferential tariff for Bangladesh
254: Preferential tariff for Least Developed Countries
254: Preferential tariff for Least Developed Countries
343: Preferential trade agreement (APTA) Asia-Pacific Trade Agreement or (Previously named:Bangkok Agreement)
367: South Asian Association for Regional Cooperation (SAARC) Preferential Trading Arragement (SAPTA) for The least developed nations in South Asia
368: South Asian Association for Regional Cooperation (SAARC) The South Asian Free Trade Area (SAFTA)
369: South Asian Association for Regional Cooperation (SAARC) The South Asian Free Trade Area (SAFTA) for The least developed
369: South Asian Association for Regional Cooperation (SAARC) The South Asian Free Trade Area (SAFTA) for The least developed

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more India has comparative advantage over Bangladesh. Similarly, the more red a dot/product is, the more Bangladesh has comparative advantage over India.