2022
Flag  
GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP
$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH
245%CURRENT US$
Rnk 2 / 186
2022
Flag
GDP PC 
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC
$2,688CURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP PC GROWTH
207%CURRENT US$
Rnk 2 / 186

About

India-Bangladesh Trade: In 2022, India exported $7.17B to Bangladesh. The main products that India exported to Bangladesh were Refined Petroleum ($1.37B), Non-Retail Pure Cotton Yarn ($1.37B), and Raw Cotton ($942M). Over the past 5 years the exports of India to Bangladesh have increased at an annualized rate of 46.8%, from $1.05B in 2017 to $7.17B in 2022.

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

Bangladesh-India Trade: In 2022, Bangladesh exported $589M to India. The main products that Bangladesh exported to India were Non-Knit Men's Suits ($195M), Other Pure Vegetable Oils ($163M), and Textile Scraps ($133M). Over the past 5 years the exports of Bangladesh to India have increased at an annualized rate of 45.5%,  from $90.3M in 2017 to $589M in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). 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
Value

In 2022, India exported $7.17B to Bangladesh. The main products exported from India to Bangladesh were Refined Petroleum ($1.37B), Non-Retail Pure Cotton Yarn ($1.37B), and Raw Cotton ($942M). During the last 5 years the exports of India to Bangladesh have increased at an annualized rate of 46.8%, from $1.05B in 2017 to $7.17B in 2022.

In 2017, Bangladesh exported $589M to India. The main products exported from Bangladesh to India were Non-Knit Men's Suits ($195M), Other Pure Vegetable Oils ($163M), and Textile Scraps ($133M). During the last 22 years the exports of Bangladesh to India have increased at an annualized rate of 45.5%, from $90.3M in 1995 to $589M in 2017.

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

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

Market Competitiveness

Color
India
Top Destination
United States$82.9B
Bangladesh
Top Destination
United States$11.7B

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 2022, countries that imported more from India than Bangladesh included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Bangladesh than India included Poland ($3.53B), Slovakia ($472M), and Denmark ($1.28B).

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

Comparative Advantage India - Bangladesh

Flow
Scale

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

During 2022, India had a large net trade with Bangladesh in the exports of Textiles ($3.49B), Mineral Products ($2.26B), and Vegetable Products ($2.2B).

During 2017, Bangladesh had a large net trade with India in the exports of Textiles ($1.16B), Animal and Vegetable Bi-Products ($185M), and Animal Hides ($108M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Bangladesh+$1.45BRefined Petroleum
Top Product Potential Bangladesh India+$156MNon-Knit Men'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 India and Bangladesh. This means that a dot/product with the flag of India indicates it has a comparative advantage over Bangladesh. Similarly, a dot/product with the flag of Bangladesh indicates it has a comparative advantage over India.

Product Space of India (Flag) and Bangladesh (Flag) (2022)

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