2023
Exports
$90.9MWorld Rnk 113 / 214
Flag Rnk 45 / 945
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$6.93BWorld Rnk 36 / 226
Flag Rnk 1 / 1162
2023
ECONOMIC COMPLEXITY of Bangladesh
-1.03Rnk 113 / 132

About

Exports In 2023, Bangladesh exported $90.9M in Refined Petroleum, making it the 113th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 45th most exported product in Bangladesh. The main destination of Refined Petroleum exports from Bangladesh are: Malaysia ($90.7M), India ($114k), Austria ($54.8k), Singapore ($34.4k), and Netherlands ($2.47k).

The fastest growing export markets for Refined Petroleum of Bangladesh between 2022 and 2023 were Malaysia ($89.5M), India ($110k), and Austria ($54.8k).

Imports In 2023, Bangladesh imported $6.93B in Refined Petroleum, becoming the 36th 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: China ($2.96B), Malaysia ($1.15B), Singapore ($1.07B), India ($723M), and Japan ($320M).

The fastest growing import markets in Refined Petroleum for Bangladesh between 2022 and 2023 were China ($725M), Thailand ($161M), and Indonesia ($78.1M).

Latest Trends

Dec 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 Refined Petroleum. 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 (2023)$90.9M
IMPORTS (2023)$6.93B
NET TRADE (2023)-$6.84B

In 2023, Bangladesh exported $90.9M in Refined Petroleum. The main destinations of Bangladesh exports on Refined Petroleum were Malaysia ($90.7M), India ($114k), Austria ($54.8k), Singapore ($34.4k), and Netherlands ($2.47k).

In 2023, Bangladesh imported $6.93B in Refined Petroleum, mainly from China ($2.96B), Malaysia ($1.15B), Singapore ($1.07B), India ($723M), and Japan ($320M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Bangladesh WERE (2022 - 2023):
Malaysia$89.5M (7.65k%)
India$110k (2.55k%)
Austria$54.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Bangladesh WERE (2022 - 2023):
Vietnam-$313k (-100%)
Nepal-$281k (-100%)
Indonesia-$22.7k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bangladesh's main exporting competitors in Refined Petroleum were:
In 2023, Bangladesh's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $1.33M
TOP IMPORT POTENTIALIndia+ $1.45B

Refined Petroleum’s highest export potential is Malaysia. With an export gap of $1.33M.   Refined Petroleum’s highest import potential is India with an import gap of $1.45B.

See methodology.

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