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2023
Flag → Flag
Exports $309MRnk 47 / 211
2023
Flag → Flag
Top Product $133MSoybeans
2023
Flag → Flag
Exports $117MRnk 39 / 138
2023
Flag → Flag
Top Product $21.4MNon-Knit Men's Suits
2023
Flag
Economic Complexity (ECI) ECI 0.07Rnk 59 / 132
2023
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Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag  
GDP$381BCURRENT US$
Rnk 40 / 195
2013-2023
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GDP GROWTH-5.04%CURRENT US$
Rnk 177 / 195
2023
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 GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
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GDP GROWTH192%CURRENT US$
Rnk 3 / 195
2023
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GDP PC $6,023CURRENT US$
Rnk 113 / 195
2013-2023
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GDP PC GROWTH-17.9%CURRENT US$
Rnk 178 / 195
2023
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GDP PC$2,551CURRENT US$
Rnk 146 / 196
2013-2023
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GDP PC GROWTH166%CURRENT US$
Rnk 2 / 195

About

South Africa-Bangladesh Trade: In 2023, South Africa exported $309M to Bangladesh. The main products that South Africa exported to Bangladesh were Soybeans ($133M), Coal Briquettes ($57.2M), and Citrus ($40.4M). Over the past 5 years the exports of South Africa to Bangladesh have increased at an annualized rate of 4.63%, from $246M in 2018 to $309M in 2023.

In 2023, South Africa did not export any services to Bangladesh.

Bangladesh-South Africa Trade: In 2023, Bangladesh exported $117M to South Africa. The main products that Bangladesh exported to South Africa were Non-Knit Men's Suits ($21.4M), Knit Sweaters ($19.1M), and Knit T-shirts ($17.4M). Over the past 5 years the exports of Bangladesh to South Africa have increased at an annualized rate of 2.28%,  from $104M in 2018 to $117M in 2023.

In 2023, Bangladesh did not export any services to South Africa.

Comparison: In 2023,  South Africa ranked 59 in the Economic Complexity Index (ECI 0.07), and 34 in total exports ($154B). That same year, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B).

Latest Trends

November, 2024

About

Overview In November 2024, South Africa exported ZAR123M and imported ZAR169M from Bangladesh, resulting in a negative trade balance of ZAR46.7M. Between November 2023 and November 2024 the exports of South Africa have decreased by ZAR-1.35B (-91.7%) from ZAR1.47B to ZAR123M, while imports decreased by ZAR-5.58M (-3.19%) from ZAR175M to ZAR169M.

Trade In November 2024, the top exports of South Africa to Bangladesh were Coal Briquettes (ZAR21.2M), Apples and Pears (ZAR3.78M), Scrap Iron (ZAR2.45M), Vegetable Tanning Extracts (ZAR2.44M), and Synthetic Tanning Extracts (ZAR1.26M). In November 2024 the top imports of South Africa from Bangladesh were Knit Sweaters (ZAR77.1M), Knit T-shirts (ZAR27.5M), Non-Knit Women's Suits (ZAR21.6M), Non-Knit Men's Suits (ZAR20.7M), and Non-Knit Men's Shirts (ZAR17.7M).

Origins In November 2024 the exports of South Africa were mainly from Richards Bay (ZAR68.4M), Johannesburg (ZAR37.6M), Cape Town (ZAR8.5M), Durban (ZAR5.11M), and O.R. Tambo Int Airport (ZAR2.95M), while imports destinations were mainly Durban (ZAR94.7M), Cape Town (ZAR27.9M), Port Elizabeth (ZAR18.3M), O.R. Tambo Int Airport (ZAR9.98M), and Johannesburg (ZAR8.9M).

Growth In November 2024, the decrease in South Africa's year-by-year exports to Bangladesh was explained primarily by an decrease in product exports in Scrap Iron (ZAR-54.3M or -95.7%), Vegetable Tanning Extracts (ZAR-4.55M or -65.1%), and Synthetic Tanning Extracts (ZAR-849k or -40.2%). In November 2024, the decrease in South Africa's year-by-year imports  from Bangladesh was explained primarily by an decrease in product imports  in Awnings, Tents, and Sails (ZAR-4.86M or -71.9%), Knit Babies' Garments (ZAR-3.99M or -42.3%), and Knit Men's Shirts (ZAR-3.52M or -66.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)ZAR-1.35B(-91.7%)
IMPORT GROWTH (November 2023 - November 2024)ZAR-5.58M(-3.19%)
MAIN EXPORTER (November 2024)Richards BayZAR68.4M

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

To check Bangladesh and South Africa trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bangladesh and South Africa Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Africa exported $309M to Bangladesh. The main products exported from South Africa to Bangladesh were Soybeans ($133M), Coal Briquettes ($57.2M), and Citrus ($40.4M). During the last 5 years the exports of South Africa to Bangladesh have increased at an annualized rate of 4.63%, from $246M in 2018 to $309M in 2023.

In 2018, Bangladesh exported $117M to South Africa. The main products exported from Bangladesh to South Africa were Non-Knit Men's Suits ($21.4M), Knit Sweaters ($19.1M), and Knit T-shirts ($17.4M). During the last 5 years the exports of Bangladesh to South Africa have increased at an annualized rate of 2.28%, from $104M in 2023 to $117M in 2018.

Exports from South Africa (Flag) to Bangladesh (Flag) (2023)

Exports from Bangladesh (Flag) to South Africa (Flag) (2023)

Market Competitiveness

Color
South Africa
Top DestinationChina$29.5B
Bangladesh
Top DestinationUnited States$8.58B

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

In 2023, countries that imported more from South Africa than Bangladesh included China ($29.5B), India ($10.8B), and Mozambique ($6.13B).

In 2023, countries that imported more from Bangladesh than South Africa included Poland ($3.04B), Spain ($3.95B), and France ($2.32B).

Difference in imports from Bangladesh (Flag) and South Africa (Flag) (2023)

Comparative Advantage South Africa - Bangladesh

Flow
Scale

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

During 2023, South Africa had a large net trade with Bangladesh in the exports of Vegetable Products ($212M), Mineral Products ($64.2M), and Chemical Products ($27.6M).

During 2018, Bangladesh had a large net trade with South Africa in the exports of Textiles ($105M), Footwear and Headwear ($5.56M), and Animal Hides ($2.36M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Africa Bangladesh+$31.9MCoal Briquettes
Top Product Potential Bangladesh South Africa+$21.6MNon-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

This visualization shows the product space at the HS4 level with the flags of South Africa and Bangladesh. This means that a dot/product with the flag of South Africa indicates it has a comparative advantage over Bangladesh. Similarly, a dot/product with the flag of Bangladesh indicates it has a comparative advantage over South Africa.

Product Space of South Africa (Flag) and Bangladesh (Flag) (2023)

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