Refined Petroleum in Bangladesh

EXPORTS (2018): $23.2M, World Rnk 116 / 198
Flag Rnk 67 / 753

TOP DESTINATION (2018): $22.5M, Malaysia

FASTEST GROWING MARKET (2017 - 2018): $9.33M, Malaysia

IMPORTS (2018): $4.14B, World Rnk 45 / 221
Flag Rnk 1 / 1140

TOP ORIGIN (2018): $1.13B, Singapore

FASTEST GROWING ORIGIN (2017 - 2018): $491M, Malaysia

ECONOMIC COMPLEXITY of Bangladesh (2018): -1.42, Rnk 127 / 137

PRODUCT COMPLEXITY  IN Refined Petroleum (2018): -0.97, Rnk 812 / 1018

Overview: This page contains the latest trade data of Refined Petroleum in Bangladesh.

Exports: In 2018, Bangladesh exported $23.2M in Refined Petroleum, making it the 116th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 67th most exported product in Bangladesh. The main destination of Refined Petroleum exports from Bangladesh are: Malaysia ($22.5M), Singapore ($653k), India ($18.3k), Poland ($17.6k), and Ireland ($3.05k).

The fastest growing export markets for Refined Petroleum of Bangladesh between 2017 and 2018 were Malaysia ($9.33M), Poland ($17.6k), and Ireland ($3.05k).

Imports: In 2018, Bangladesh imported $4.14B in Refined Petroleum, becoming the 45th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Bangladesh. Bangladesh imports Refined Petroleum primarily from: Singapore ($1.13B), China ($1.09B), Malaysia ($995M), India ($649M), and Indonesia ($149M).

The fastest growing import markets in Refined Petroleum for Bangladesh between 2017 and 2018 were Malaysia ($491M), India ($346M), and Singapore ($261M).

Tariffs: In 2016, the average tariff for Bangladesh in Refined Petroleum was 15%. The countries with the highest import tariffs for Refined Petroleum were Angola (15%), Burundi (15%), Benin (15%), Burkina Faso (15%), and Botswana (15%).

Value

EXPORTS (2018): $23.2M

IMPORTS (2018): $4.14B

NET TRADE (2018): -$4.12B

In 2018, Bangladesh exported $23.2M in Refined Petroleum. The main destinations of Bangladesh exports on Refined Petroleum were Malaysia ($22.5M), Singapore ($653k), India ($18.3k), Poland ($17.6k), and Ireland ($3.05k).

In 2018, Bangladesh imported $4.14B in Refined Petroleum, mainly from Singapore ($1.13B), China ($1.09B), Malaysia ($995M), India ($649M), and Indonesia ($149M).

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IN 2018, Bangladesh HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:: Ireland, $3.05k ($3.05k - $0)

IN 2018, Bangladesh HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

  • Singapore, -$1.13B ($653k - $1.13B)
  • China, -$1.09B ($0 - $1.09B)
  • Malaysia, -$973M ($22.5M - $995M)
Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Bangladesh WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Bangladesh WERE (2017 - 2018):

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Market Concentration

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In 2018, Bangladesh's main exporting competitors in Refined Petroleum were:

In 2018, Bangladesh's main importing competitors in Refined Petroleum were:

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Trade Forecasts

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This section shows forecasts for total exports and imports, for Refined Petroleum in Bangladesh. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2016, the average tariff for Bangladesh in Refined Petroleum was 15%.

The countries with the highest tariffs for Refined Petroleum in Bangladesh were Angola (15%), Burundi (15%), Benin (15%), Burkina Faso (15%), and Botswana (15%).

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