2022
Exports
$19.8MWorld Rnk 71 / 223
Flag Rnk 87 / 931
2022
PRODUCT COMPLEXITY IN Electrical Transformers
0.65Rnk 294 / 1025
2022
Imports
$392MWorld Rnk 46 / 225
Flag Rnk 41 / 1173
2022
ECONOMIC COMPLEXITY of Bangladesh
-0.82Rnk 101 / 133

About

Exports In 2022, Bangladesh exported $19.8M in Electrical Transformers, making it the 71st largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 87th most exported product in Bangladesh. The main destination of Electrical Transformers exports from Bangladesh are: Japan ($6.49M), United States ($5.12M), India ($1.89M), Hong Kong ($1.8M), and Nepal ($1.35M).

The fastest growing export markets for Electrical Transformers of Bangladesh between 2021 and 2022 were United States ($2.96M), Japan ($2.37M), and Nepal ($1.23M).

Imports In 2022, Bangladesh imported $392M in Electrical Transformers, becoming the 46th largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 41st most imported product in Bangladesh. Bangladesh imports Electrical Transformers primarily from: China ($281M), India ($46.9M), Hong Kong ($12.2M), South Korea ($11.6M), and Singapore ($9.67M).

The fastest growing import markets in Electrical Transformers for Bangladesh between 2021 and 2022 were China ($98.3M), India ($8.03M), and France ($2.98M).

Latest Trends

Nov 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 Electrical Transformers. 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)$19.8M
IMPORTS (2022)$392M
NET TRADE (2022)-$372M

In 2022, Bangladesh exported $19.8M in Electrical Transformers. The main destinations of Bangladesh exports on Electrical Transformers were Japan ($6.49M), United States ($5.12M), India ($1.89M), Hong Kong ($1.8M), and Nepal ($1.35M).

In 2022, Bangladesh imported $392M in Electrical Transformers, mainly from China ($281M), India ($46.9M), Hong Kong ($12.2M), South Korea ($11.6M), and Singapore ($9.67M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Transformers EXPORT MARKETS FOR Bangladesh WERE (2021 - 2022):
United States$2.96M (137%)
Japan$2.37M (57.4%)
Nepal$1.23M (1.11k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Transformers BY Bangladesh WERE (2021 - 2022):
Sri Lanka-$790k (-99.3%)
China-$136k (-11.5%)
Thailand-$32.4k (-85.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bangladesh's main exporting competitors in Electrical Transformers were:
In 2022, Bangladesh's main importing competitors in Electrical Transformers were:

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Trade Value of Electrical Transformers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.26M
TOP IMPORT POTENTIALChina+ $109M

Electrical Transformers’s highest export potential is United States. With an export gap of $8.26M.   Electrical Transformers’s highest import potential is China with an import gap of $109M.

See methodology.

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