2022
Exports
$209MWorld Rnk 73 / 210
Flag Rnk 10 / 96
2022
PRODUCT COMPLEXITY IN Animal or vegetable fats, oils, & waxes
0.8Rnk 244 / 1025
2022
Imports
$2.87BWorld Rnk 17 / 224
Flag Rnk 7 / 96
2022
ECONOMIC COMPLEXITY of Bangladesh
-0.82Rnk 101 / 133

About

Exports In 2022, Bangladesh exported $209M in Animal or vegetable fats, oils, & waxes, making it the 73rd largest exporter of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 10th most exported product in Bangladesh. The main destination of Animal or vegetable fats, oils, & waxes exports from Bangladesh are: India ($185M), China ($7.09M), United Arab Emirates ($6.42M), Chinese Taipei ($4.8M), and Oman ($740k).

The fastest growing export markets for Animal or vegetable fats, oils, & waxes of Bangladesh between 2021 and 2022 were China ($5.31M), United Arab Emirates ($2.22M), and Chinese Taipei ($1.4M).

Imports In 2022, Bangladesh imported $2.87B in Animal or vegetable fats, oils, & waxes, becoming the 17th largest importer of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 7th most imported product in Bangladesh. Bangladesh imports Animal or vegetable fats, oils, & waxes primarily from: Indonesia ($1.51B), Argentina ($513M), Brazil ($393M), Malaysia ($365M), and Paraguay ($40.7M).

The fastest growing import markets in Animal or vegetable fats, oils, & waxes for Bangladesh between 2021 and 2022 were Malaysia ($242M), Brazil ($191M), and Indonesia ($130M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Animal or vegetable fats, oils, & waxes. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$209M
IMPORTS (2022)$2.87B
NET TRADE (2022)-$2.66B

In 2022, Bangladesh exported $209M in Animal or vegetable fats, oils, & waxes. The main destinations of Bangladesh exports on Animal or vegetable fats, oils, & waxes were India ($185M), China ($7.09M), United Arab Emirates ($6.42M), Chinese Taipei ($4.8M), and Oman ($740k).

In 2022, Bangladesh imported $2.87B in Animal or vegetable fats, oils, & waxes, mainly from Indonesia ($1.51B), Argentina ($513M), Brazil ($393M), Malaysia ($365M), and Paraguay ($40.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal or vegetable fats, oils, & waxes EXPORT MARKETS FOR Bangladesh WERE (2021 - 2022):
China$5.31M (299%)
United Arab Emirates$2.22M (52.7%)
Chinese Taipei$1.4M (41%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal or vegetable fats, oils, & waxes BY Bangladesh WERE (2021 - 2022):
India-$55.1M (-23%)
Saudi Arabia-$3.05M (-100%)
United States-$106k (-22.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bangladesh's main exporting competitors in Animal or vegetable fats, oils, & waxes were:
In 2022, Bangladesh's main importing competitors in Animal or vegetable fats, oils, & waxes were:

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Trade Value of Animal or vegetable fats, oils, & waxes by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $1.49M
TOP IMPORT POTENTIALMalaysia+ $41.7M

Animal or vegetable fats, oils, & waxes’s highest export potential is United States. With an export gap of $1.49M.   Animal or vegetable fats, oils, & waxes’s highest import potential is Malaysia with an import gap of $41.7M.

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