Refined Petroleum in Bangladesh | The Observatory of Economic Complexity

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Exports In 2022, Bangladesh exported $1.69M in Refined Petroleum, making it the 161st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 230th most exported product in Bangladesh. The main destination of Refined Petroleum exports from Bangladesh are: Malaysia ($1.05M), Vietnam ($283k), Nepal ($258k), Singapore ($37k), and Indonesia ($20.4k).

The fastest growing export markets for Refined Petroleum of Bangladesh between 2021 and 2022 were Vietnam ($283k), Burma ($9.29k), and Niger ($1.13k).

Imports In 2022, Bangladesh imported $11.3B in Refined Petroleum, becoming the 27th 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: Malaysia ($2.67B), Singapore ($2.45B), China ($2.23B), India ($1.37B), and South Korea ($1.07B).

The fastest growing import markets in Refined Petroleum for Bangladesh between 2021 and 2022 were Malaysia ($1.38B), China ($961M), and South Korea ($908M).

COMPANIES In 2023, leading companies such as PVH CORP. (19) were at the forefront of shipping Refined Petroleum from Bangladesh to the United States.

Latest Trends

Feb 2024

Subnational Monthly Trade

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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

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Trade Value

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Year

EXPORTS (2022)$1.69M

IMPORTS (2022)$11.3B

NET TRADE (2022)-$11.3B

In 2022, Bangladesh exported $1.69M in Refined Petroleum. The main destinations of Bangladesh exports on Refined Petroleum were Malaysia ($1.05M), Vietnam ($283k), Nepal ($258k), Singapore ($37k), and Indonesia ($20.4k).

In 2022, Bangladesh imported $11.3B in Refined Petroleum, mainly from Malaysia ($2.67B), Singapore ($2.45B), China ($2.23B), India ($1.37B), and South Korea ($1.07B).

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