Flag India / Bangladesh Flag

Exports Flag β†’ Flag  (2018): $8.54B, Rnk 8 / 211

Top Product Flag β†’ Flag (2018): $791M, Raw Cotton

Exports Flag β†’ Flag (2018): $883M, Rnk 14 / 125

Top Product Flag β†’ Flag (2018): $131M, Non-Knit Men's Suits

Economic Complexity of Flag (2018): ECI 0.57, Rnk 45 / 137

Economic Complexity of Flag (2018): ECI -1.42, Rnk 127 / 137

GDP Flag (2018): $2.72T, CURRENT US$
Rnk 7 / 196

GDP GROWTH Flag (2008-2018): 127%, CURRENT US$
Rnk 20 / 196

GDP Flag (2018): $274B, CURRENT US$
Rnk 42 / 196

GDP GROWTH Flag (2008-2018): 199%, CURRENT US$
Rnk 5 / 196

GDP PC Flag (2018): $2,010, CURRENT US$
Rnk 152 / 196

GDP PC GROWTH Flag (2008-2018): 101%, CURRENT US$
Rnk 16 / 196

GDP PC Flag (2018): $1,698, CURRENT US$
Rnk 156 / 196

GDP PC GROWTH Flag (2008-2018): 167%, CURRENT US$
Rnk 4 / 196

India-Bangladesh: In 2018, India exported $8.54B to Bangladesh. The main products exported from India to Bangladesh were Raw Cotton ($791M), Non-Retail Pure Cotton Yarn ($757M), and Refined Petroleum ($649M). During the last 23 years the exports of India to Bangladesh have increased at an annualized rate of 11.1%, from $760M in 1995 to $8.54B in 2018.

Bangladesh-India: In 2018, Bangladesh exported $883M to India. The main products exported from Bangladesh to India were Non-Knit Men's Suits ($131M), Non-Knit Men's Shirts ($73M), and Planes, Helicopters, and/or Spacecraft ($42.1M). During the last 23 years the exports of Bangladesh to India have increased at an annualized rate of 10.6%, from $87.6M in 1995 to $883M in 2018.

Comparison: In 2018, India ranked 45 in the Economic Complexity Index (ECI 0.57), and 16 in total exports ($326B). That same year, Bangladesh ranked 127 in the Economic Complexity Index (ECI -1.42), and 54 in total exports ($44.9B). In terms of GDP Per Capita, India was ranked 152 with a GDP Per Capita of $2,010, and Bangladesh was ranked 156 with a GDP Per Capita of $1,698.

Bilateral Trade by Products

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Depth
Value

In 2018, India exported $8.54B to Bangladesh. The main products exported from India to Bangladesh were Raw Cotton ($791M), Non-Retail Pure Cotton Yarn ($757M), and Refined Petroleum ($649M). During the last 23 years the exports of India to Bangladesh have increased at an annualized rate of 11.1%, from $760M in 1995 to $8.54B in 2018.

In 2018, Bangladesh exported $883M to India. The main products exported from Bangladesh to India were Non-Knit Men's Suits ($131M), Non-Knit Men's Shirts ($73M), and Planes, Helicopters, and/or Spacecraft ($42.1M). During the last 23 years the exports of Bangladesh to India have increased at an annualized rate of 10.6%, from $87.6M in 1995 to $883M in 2018.

Market Competitiveness

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Measure

India
Top Destination
: United States, $52B

Bangladesh
Top Destination
: Germany, $6.88B

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 2018, countries that imported more from India than Bangladesh were United States ($52B), United Arab Emirates ($27.1B), and China ($16.6B).

In 2018, countries that imported more from Bangladesh than India were Slovakia ($319M), Austria ($876M), and Andorra ($5.92M).

Comparative Advantage India - Bangladesh

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Depth

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

During 2018, India had a large net trade with Bangladesh in the exports of Textiles ($2.49B), Transportation ($1.2B), and Machines ($933M).

During 2018, Bangladesh had a large net trade with India in the exports of Textiles ($534M), Metals ($80.7M), and Transportation ($47.2M).

Tariff Section

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

In 2018, 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 2016, 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%).

Explore Tariff Data

*The tariffs present between India and Bangladesh are:
136: Most Favoured Nation duty rate treatement
168: Preferential tariff for Bangladesh
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
369: South Asian Association for Regional Cooperation (SAARC) The South Asian Free Trade Area (SAFTA) for The least developed

Trade Forecasts

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This section shows a forecast for total trade between India and Bangladesh. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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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.