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Pricing

2022
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Exports $722MRnk 74 / 221
2022
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Top Product $72.3MTextile Processing Machines
2022
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Exports $2.17BRnk 7 / 139
2022
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Top Product $418MKnit Sweaters
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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Economic Complexity (ECI) ECI -0.9Rnk 100 / 124
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$460BCURRENT US$
Rnk 34 / 186
2012-2022
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GDP GROWTH245%CURRENT US$
Rnk 2 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$2,688CURRENT US$
Rnk 136 / 186
2012-2022
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GDP PC GROWTH207%CURRENT US$
Rnk 2 / 186

About

Italy-Bangladesh In 2022, Italy exported $722M to Bangladesh. The main products that Italy exported to Bangladesh are Textile Processing Machines ($72.3M), Gas Turbines ($56.6M), and Machinery Having Individual Functions ($37.1M). During the last 27 years the exports of Italy to Bangladesh have increased at an annualized rate of 7.55%, from $101M in 1995 to $722M in 2022.

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

Bangladesh-Italy In 2022, Bangladesh exported $2.17B to Italy. The main products that Bangladesh exported to Italy were Knit Sweaters ($418M), Knit T-shirts ($356M), and Non-Knit Men's Suits ($251M). During the last 27 years the exports of Bangladesh to Italy have increased at an annualized rate of 8.03%, from $269M in 1995 to $2.17B in 2022.

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

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Bangladesh ranked 100 in the Economic Complexity Index (ECI -0.9), and 52 in total exports ($64.2B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €26.3M and imported €112M from Bangladesh, resulting in a negative trade balance of €85.3M. Between December 2022 and December 2023 the exports of Italy have decreased by €-16M (-37.9%) from €42.3M to €26.3M, while imports decreased by €-61.7M (-35.6%) from €173M to €112M.

Trade In December 2023, the top exports of Italy to Bangladesh were Textile Processing Machines (€5.39M), Sewing Machines (€3.72M), Textile Fiber Machinery (€3.1M), Metal-Rolling Mills (€2.39M), and Low-voltage Protection Equipment (€1.6M). In December 2023 the top imports of Italy from Bangladesh were Knit T-shirts (€40.1M), Non-Knit Men's Suits (€25M), Knit Sweaters (€20M), Non-Knit Women's Suits (€16.8M), and Knit Men's Shirts (€14.4M).

Growth In December 2023, the decrease in Italy's year-by-year exports to Bangladesh was explained primarily by an decrease in product exports in Industrial Food Preperation Machinery (€-1.52M or -82.3%), Artificial Textile Machinery (€-1.34M or -99.7%), and Industrial Printers (€-534k or -45.3%). In December 2023, the decrease in Italy's year-by-year imports  from Bangladesh was explained primarily by an decrease in product imports  in Knit Men's Undergarments (€-990k or -35.9%), Knit Babies' Garments (€-200k or -4.49%), and Other Knit Clothing Accessories (€-8.67k or -53.8%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-16M(-37.9%)
IMPORT GROWTH (December 2022 - December 2023)€-61.7M(-35.6%)

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

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $722M to Bangladesh. The main products exported from Italy to Bangladesh were Textile Processing Machines ($72.3M), Gas Turbines ($56.6M), and Machinery Having Individual Functions ($37.1M). During the last 27 years the exports of Italy to Bangladesh have increased at an annualized rate of 7.55%, from $101M in 1995 to $722M in 2022.

In 2022, Bangladesh exported $2.17B to Italy. The main products exported from Bangladesh to Italy were Knit Sweaters ($418M), Knit T-shirts ($356M), and Non-Knit Men's Suits ($251M). During the last 27 years the exports of Bangladesh to Italy have increased at an annualized rate of 8.03%, from $269M in 1995 to $2.17B in 2022.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Bangladesh
Top DestinationUnited States$11.7B

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

In 2021, countries that imported more from Italy than Bangladesh were Germany ($78.5B), France ($63.8B), and United States ($68.2B).

In 2021, countries that imported more from Bangladesh than Italy were Nepal ($55.1M) and Timor-Leste ($777k).

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

Comparative Advantage Italy - Bangladesh

Flow
Scale

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

During 2022, Italy had a large net trade with Bangladesh in the exports of Machines ($502M), Chemical Products ($66.7M), and Transportation ($32.5M).

During 2022, Bangladesh had a large net trade with Italy in the exports of Textiles ($2.07B), Footwear and Headwear ($39.1M), and Animal Hides ($16.9M).

Economic Complexity

Competitive Landscape

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

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

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