Ireland (IRL) and Bangladesh (BGD) Trade | The Observatory of Economic Complexity

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Ireland-Bangladesh Trade: In 2023, Ireland exported $40.9M to Bangladesh. The main products that Ireland exported to Bangladesh were Gas Turbines ($17.3M), Concentrated Milk ($9.27M), and Scrap Iron ($3.14M). Over the past 5 years the exports of Ireland to Bangladesh have increased at an annualized rate of 12.9%, from $22.2M in 2018 to $40.9M in 2023.

In 2023, Ireland did not export any services to Bangladesh.

Bangladesh-Ireland Trade: In 2023, Bangladesh exported $446M to Ireland. The main products that Bangladesh exported to Ireland were Knit T-shirts ($85.9M), Knit Sweaters ($66.4M), and Non-Knit Men's Suits ($47.8M). Over the past 5 years the exports of Bangladesh to Ireland have increased at an annualized rate of 13.1%, from $241M in 2018 to $446M in 2023.

In 2023, Bangladesh did not export any services to Ireland.

Comparison: In 2023, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). That same year, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B).

Latest Trends

N/A

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Overview In N/A, Ireland exported €N/A and imported €N/A from Bangladesh, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Ireland have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Ireland to Bangladesh were . In N/A the top imports of Ireland from Bangladesh were .

Growth In N/A, the N/A in Ireland's year-by-year exports to Bangladesh was explained primarily by an decrease in product exports in . In N/A, the N/A in Ireland's year-by-year imports from Bangladesh was explained primarily by an decrease in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

This section shows exports and imports data at subnational level for Ireland. Click any date in the line plot or any product to explore the exports or imports behavior of Ireland over time.

To check Bangladesh and Ireland trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ireland exported $40.9M to Bangladesh. The main products exported from Ireland to Bangladesh were Gas Turbines ($17.3M), Concentrated Milk ($9.27M), and Scrap Iron ($3.14M). During the last 5 years the exports of Ireland to Bangladesh have increased at an annualized rate of 12.9%, from $22.2M in 2018 to $40.9M in 2023.

In 2018, Bangladesh exported $446M to Ireland. The main products exported from Bangladesh to Ireland were Knit T-shirts ($85.9M), Knit Sweaters ($66.4M), and Non-Knit Men's Suits ($47.8M). During the last 5 years the exports of Bangladesh to Ireland have increased at an annualized rate of 13.1%, from $241M in 2023 to $446M in 2018.

Exports from Ireland () to Bangladesh () (2023)

Exports from Bangladesh () to Ireland () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ireland
Top DestinationUnited States$67.4B

Bangladesh
Top DestinationUnited States$8.58B

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 2023, countries that imported more from Ireland than Bangladesh included United States ($67.4B), Germany ($26.7B), and Belgium ($18.7B).

In 2023, countries that imported more from Bangladesh than Ireland included India ($1.89B), Poland ($3.04B), and Spain ($3.95B).

Difference in imports from Bangladesh () and Ireland () (2023)

Comparative Advantage Ireland - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ireland had a large net trade with Bangladesh in the exports of Machines ($21.8M), Animal Products ($9.3M), and Chemical Products ($3.26M).

During 2018, Bangladesh had a large net trade with Ireland in the exports of Textiles ($433M), Footwear and Headwear ($5.97M), and Transportation ($1.67M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

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Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Ireland () to Bangladesh () (2023)

Exports from Bangladesh () to Ireland () (2023)

Market Competitiveness

Difference in imports from Bangladesh () and Ireland () (2023)

Comparative Advantage Ireland - Bangladesh

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Ireland () and Bangladesh () (2023)

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