2022
Flag  
GDP
$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH
135%CURRENT US$
Rnk 7 / 186
2022
Flag
 GDP
$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH
245%CURRENT US$
Rnk 2 / 186
2022
Flag
GDP PC 
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC
$2,688CURRENT US$
Rnk 136 / 186
2012-2022
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GDP PC GROWTH
207%CURRENT US$
Rnk 2 / 186

About

Ireland-Bangladesh Trade: In 2022, Ireland exported $34.9M to Bangladesh. The main products that Ireland exported to Bangladesh were Scrap Iron ($14.5M), Malt Extract ($8.76M), and Concentrated Milk ($3.87M). Over the past 5 years the exports of Ireland to Bangladesh have increased at an annualized rate of 1.21%, from $32.8M in 2017 to $34.9M in 2022.

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

Bangladesh-Ireland Trade: In 2022, Bangladesh exported $466M to Ireland. The main products that Bangladesh exported to Ireland were Knit T-shirts ($86M), Knit Sweaters ($66.1M), and Non-Knit Women's Suits ($52.2M). Over the past 5 years the exports of Bangladesh to Ireland have increased at an annualized rate of 17.8%,  from $205M in 2017 to $466M in 2022.

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

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). 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, Ireland exported $34.9M to Bangladesh. The main products exported from Ireland to Bangladesh were Scrap Iron ($14.5M), Malt Extract ($8.76M), and Concentrated Milk ($3.87M). During the last 5 years the exports of Ireland to Bangladesh have increased at an annualized rate of 1.21%, from $32.8M in 2017 to $34.9M in 2022.

In 2017, Bangladesh exported $466M to Ireland. The main products exported from Bangladesh to Ireland were Knit T-shirts ($86M), Knit Sweaters ($66.1M), and Non-Knit Women's Suits ($52.2M). During the last 5 years the exports of Bangladesh to Ireland have increased at an annualized rate of 17.8%, from $205M in 2022 to $466M in 2017.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$70.7B
Bangladesh
Top Destination
United States$11.7B

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

In 2022, countries that imported more from Ireland than Bangladesh included United States ($70.7B), Germany ($28.6B), and Belgium ($17B).

In 2022, countries that imported more from Bangladesh than Ireland included Poland ($3.53B), Spain ($4.41B), and Denmark ($1.28B).

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

Comparative Advantage Ireland - Bangladesh

Flow
Scale

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

During 2022, Ireland had a large net trade with Bangladesh in the exports of Metals ($14.5M), Foodstuffs ($8.86M), and Animal Products ($4.38M).

During 2017, Bangladesh had a large net trade with Ireland in the exports of Textiles ($450M), Footwear and Headwear ($7.15M), and Transportation ($2.34M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Bangladesh+$2.85MMalt Extract
Top Product Potential Bangladesh Ireland+$30.2MKnit Sweaters

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

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

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