Romania (ROU) and Bangladesh (BGD) Trade | The Observatory of Economic Complexity

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Romania-Bangladesh Trade: In 2023, Romania exported $109M to Bangladesh. The main products that Romania exported to Bangladesh were Wheat ($105M), Washing and Bottling Machines ($1.63M), and Antibiotics ($810k). Over the past 5 years the exports of Romania to Bangladesh have increased at an annualized rate of 48%, from $15.4M in 2018 to $109M in 2023.

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

Bangladesh-Romania Trade: In 2023, Bangladesh exported $104M to Romania. The main products that Bangladesh exported to Romania were Knit T-shirts ($17.3M), Knit Sweaters ($13.9M), and Knit Babies' Garments ($8.59M). Over the past 5 years the exports of Bangladesh to Romania have increased at an annualized rate of 20%, from $41.9M in 2018 to $104M in 2023.

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

Comparison: In 2023, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). That same year, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Romania exported $109M to Bangladesh. The main products exported from Romania to Bangladesh were Wheat ($105M), Washing and Bottling Machines ($1.63M), and Antibiotics ($810k). During the last 5 years the exports of Romania to Bangladesh have increased at an annualized rate of 48%, from $15.4M in 2018 to $109M in 2023.

In 2018, Bangladesh exported $104M to Romania. The main products exported from Bangladesh to Romania were Knit T-shirts ($17.3M), Knit Sweaters ($13.9M), and Knit Babies' Garments ($8.59M). During the last 5 years the exports of Bangladesh to Romania have increased at an annualized rate of 20%, from $41.9M in 2023 to $104M in 2018.

Exports from Romania () to Bangladesh () (2023)

Exports from Bangladesh () to Romania () (2023)

Latest Data

Trade between Romania () and Bangladesh ()

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$19.9B

Bangladesh
Top DestinationUnited States$8.58B

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

In 2023, countries that imported more from Romania than Bangladesh included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

In 2023, countries that imported more from Bangladesh than Romania included United States ($8.58B), India ($1.89B), and Canada ($1.66B).

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

Comparative Advantage Romania - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Romania had a large net trade with Bangladesh in the exports of Vegetable Products ($105M), Machines ($2.13M), and Chemical Products ($1.33M).

During 2018, Bangladesh had a large net trade with Romania in the exports of Textiles ($95.1M), Foodstuffs ($3.4M), and Footwear and Headwear ($2.77M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Bangladesh+$10.5MWheat

Top Product Potential Bangladesh Romania+$8.59MKnit T-shirts

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

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Historical Data

Bilateral Trade by Products

Exports from Romania () to Bangladesh () (2023)

Exports from Bangladesh () to Romania () (2023)

Latest Data

Trade between Romania () and Bangladesh ()

Romania Exports

Market Competitiveness

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

Comparative Advantage Romania - Bangladesh

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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