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2023
Flag → Flag
Exports $593MRnk 80 / 219
2023
Flag → Flag
Top Product $56MTextile Processing Machines
2023
Flag → Flag
Exports $1.77BRnk 8 / 138
2023
Flag → Flag
Top Product $318MKnit Sweaters
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP GROWTH192%CURRENT US$
Rnk 3 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$2,551CURRENT US$
Rnk 146 / 196
2013-2023
Flag
GDP PC GROWTH166%CURRENT US$
Rnk 2 / 195

About

Italy-Bangladesh Trade: In 2023, Italy exported $593M to Bangladesh. The main products that Italy exported to Bangladesh were Textile Processing Machines ($56M), Metal-Rolling Mills ($46.6M), and Machinery Having Individual Functions ($24.6M). Over the past 5 years the exports of Italy to Bangladesh have decreased at an annualized rate of 7.43%, from $872M in 2018 to $593M in 2023.

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

Bangladesh-Italy Trade: In 2023, Bangladesh exported $1.77B to Italy. The main products that Bangladesh exported to Italy were Knit Sweaters ($318M), Knit T-shirts ($295M), and Non-Knit Men's Suits ($205M). Over the past 5 years the exports of Bangladesh to Italy have increased at an annualized rate of 1.41%,  from $1.65B in 2018 to $1.77B in 2023.

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

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €18.1M and imported €136M from Bangladesh, resulting in a negative trade balance of €118M. Between October 2023 and October 2024 the exports of Italy have decreased by €-13.9M (-43.5%) from €32.1M to €18.1M, while imports increased by €45M (49.3%) from €91.3M to €136M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-13.9M(-43.5%)
IMPORT GROWTH (October 2023 - October 2024)€45M(49.3%)

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.

For full datasets download visit Bulk Download page.

Explore Bangladesh and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $593M to Bangladesh. The main products exported from Italy to Bangladesh were Textile Processing Machines ($56M), Metal-Rolling Mills ($46.6M), and Machinery Having Individual Functions ($24.6M). During the last 5 years the exports of Italy to Bangladesh have decreased at an annualized rate of 7.43%, from $872M in 2018 to $593M in 2023.

In 2018, Bangladesh exported $1.77B to Italy. The main products exported from Bangladesh to Italy were Knit Sweaters ($318M), Knit T-shirts ($295M), and Non-Knit Men's Suits ($205M). During the last 5 years the exports of Bangladesh to Italy have increased at an annualized rate of 1.41%, from $1.65B in 2023 to $1.77B in 2018.

Exports from Italy (Flag) to Bangladesh (Flag) (2023)

Exports from Bangladesh (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Bangladesh
Top DestinationUnited States$8.58B

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 2023, countries that imported more from Italy than Bangladesh included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, no countries were registered that imported more from Bangladesh than from Italy.

Difference in imports from Bangladesh (Flag) and Italy (Flag) (2023)

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 2023, Italy had a large net trade with Bangladesh in the exports of Machines ($392M), Chemical Products ($73.1M), and Textiles ($22.7M).

During 2018, Bangladesh had a large net trade with Italy in the exports of Textiles ($1.67B), Footwear and Headwear ($37.1M), and Animal Hides ($13.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Bangladesh+$11.2MMachinery Having Individual Functions
Top Product Potential Bangladesh Italy+$147MKnit 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 Italy and Bangladesh. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Bangladesh. Similarly, a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Italy.

Product Space of Italy (Flag) and Bangladesh (Flag) (2023)

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