Vietnam (VNM) and Bangladesh (BGD) Trade | The Observatory of Economic Complexity

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Vietnam-Bangladesh Trade: In 2022, Vietnam exported $1.36B to Bangladesh. The main products that Vietnam exported to Bangladesh were Cement ($173M), Iron Structures ($105M), and Non-Retail Pure Cotton Yarn ($102M). Over the past 5 years the exports of Vietnam to Bangladesh have increased at an annualized rate of 9.3%, from $869M in 2017 to $1.36B in 2022.

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

Bangladesh-Vietnam Trade: In 2022, Bangladesh exported $105M to Vietnam. The main products that Bangladesh exported to Vietnam were Packaged Medicaments ($21M), Scrap Iron ($7.67M), and Scrap Plastic ($7.15M). Over the past 5 years the exports of Bangladesh to Vietnam have increased at an annualized rate of 14.6%, from $53.3M in 2017 to $105M in 2022.

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

Comparison: In 2022, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). That same year, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Vietnam exported $1.36B to Bangladesh. The main products exported from Vietnam to Bangladesh were Cement ($173M), Iron Structures ($105M), and Non-Retail Pure Cotton Yarn ($102M). During the last 5 years the exports of Vietnam to Bangladesh have increased at an annualized rate of 9.3%, from $869M in 2017 to $1.36B in 2022.

In 2017, Bangladesh exported $105M to Vietnam. The main products exported from Bangladesh to Vietnam were Packaged Medicaments ($21M), Scrap Iron ($7.67M), and Scrap Plastic ($7.15M). During the last 5 years the exports of Bangladesh to Vietnam have increased at an annualized rate of 14.6%, from $53.3M in 2022 to $105M in 2017.

Exports from Vietnam () to Bangladesh () (2022)

Exports from Bangladesh () to Vietnam () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$117B

Bangladesh
Top DestinationUnited States$11.7B

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

In 2022, countries that imported more from Vietnam than Bangladesh included United States ($117B), China ($58.7B), and South Korea ($25.2B).

In 2022, countries that imported more from Bangladesh than Vietnam included Spain ($4.41B), Denmark ($1.28B), and Poland ($3.53B).

Difference in imports from Bangladesh () and Vietnam () (2022)

Comparative Advantage Vietnam - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Vietnam had a large net trade with Bangladesh in the exports of Textiles ($437M), Mineral Products ($230M), and Metals ($160M).

During 2017, Bangladesh had a large net trade with Vietnam in the exports of Textiles ($41.3M), Chemical Products ($28M), and Metals ($9.75M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Bangladesh+$119MTelephones

Top Product Potential Bangladesh Vietnam+$10.7MKnit 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 Vietnam and Bangladesh. This means that a dot/product with the flag of Vietnam indicates it has a comparative advantage over Bangladesh. Similarly, a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Vietnam.

About

Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Bangladesh () (2022)

Exports from Bangladesh () to Vietnam () (2022)

Market Competitiveness

Difference in imports from Bangladesh () and Vietnam () (2022)

Comparative Advantage Vietnam - Bangladesh

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Vietnam () and Bangladesh () (2022)

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