Singapore (SGP) and Bangladesh (BGD) Trade | The Observatory of Economic Complexity

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Singapore-Bangladesh Trade: In 2023, Singapore exported $3.1B to Bangladesh. The main products that Singapore exported to Bangladesh were Refined Petroleum ($1.07B), Jewellery ($232M), and Gold ($161M). Over the past 5 years the exports of Singapore to Bangladesh have decreased at an annualized rate of 1.56%, from $3.36B in 2018 to $3.1B in 2023.

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

Bangladesh-Singapore Trade: In 2023, Bangladesh exported $132M to Singapore. The main products that Bangladesh exported to Singapore were Non-Knit Men's Suits ($21.8M), Knit T-shirts ($20M), and Non-Knit Women's Suits ($15.5M). Over the past 5 years the exports of Bangladesh to Singapore have decreased at an annualized rate of 13.2%, from $268M in 2018 to $132M in 2023.

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

Comparison: In 2023, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). 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, Singapore exported $3.1B to Bangladesh. The main products exported from Singapore to Bangladesh were Refined Petroleum ($1.07B), Jewellery ($232M), and Gold ($161M). During the last 5 years the exports of Singapore to Bangladesh have decreased at an annualized rate of 1.56%, from $3.36B in 2018 to $3.1B in 2023.

In 2018, Bangladesh exported $132M to Singapore. The main products exported from Bangladesh to Singapore were Non-Knit Men's Suits ($21.8M), Knit T-shirts ($20M), and Non-Knit Women's Suits ($15.5M). During the last 5 years the exports of Bangladesh to Singapore have decreased at an annualized rate of 13.2%, from $268M in 2023 to $132M in 2018.

Exports from Singapore () to Bangladesh () (2023)

Exports from Bangladesh () to Singapore () (2023)

Latest Data

Trade between Singapore () and Bangladesh ()

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$44.5B

Bangladesh
Top DestinationUnited States$8.58B

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

In 2023, countries that imported more from Singapore than Bangladesh included Hong Kong ($44.5B), China ($36.7B), and Malaysia ($31.4B).

In 2023, countries that imported more from Bangladesh than Singapore included Spain ($3.95B), Poland ($3.04B), and Germany ($8.28B).

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

Comparative Advantage Singapore - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Singapore had a large net trade with Bangladesh in the exports of Mineral Products ($1.08B), Machines ($569M), and Precious Metals ($393M).

During 2018, Bangladesh had a large net trade with Singapore in the exports of Textiles ($106M), Footwear and Headwear ($6.23M), and Animal Hides ($4.39M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Singapore Bangladesh+$31.7MRefined Petroleum

Top Product Potential Bangladesh Singapore+$27.9MNon-Knit Men's Suits

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

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Historical Data

Bilateral Trade by Products

Exports from Singapore () to Bangladesh () (2023)

Exports from Bangladesh () to Singapore () (2023)

Latest Data

Trade between Singapore () and Bangladesh ()

Singapore Exports

Market Competitiveness

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

Comparative Advantage Singapore - Bangladesh

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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