2022
Exports
$16.8MWorld Rnk 29 / 194
Flag Rnk 94 / 931
2022
PRODUCT COMPLEXITY IN Spices
-1.63Rnk 964 / 1025
2022
Imports
$69.4MWorld Rnk 14 / 223
Flag Rnk 191 / 1173
2022
ECONOMIC COMPLEXITY of Bangladesh
-0.82Rnk 101 / 133

About

Exports In 2022, Bangladesh exported $16.8M in Spices, making it the 29th largest exporter of Spices in the world. At the same year, Spices was the 94th most exported product in Bangladesh. The main destination of Spices exports from Bangladesh are: United Arab Emirates ($5.34M), Malaysia ($3.31M), Kuwait ($1.77M), Oman ($1.17M), and United States ($1.13M).

The fastest growing export markets for Spices of Bangladesh between 2021 and 2022 were Kuwait ($1.2M), Oman ($978k), and United Arab Emirates ($591k).

Imports In 2022, Bangladesh imported $69.4M in Spices, becoming the 14th largest importer of Spices in the world. At the same year, Spices was the 191st most imported product in Bangladesh. Bangladesh imports Spices primarily from: India ($47.7M), China ($15.8M), Burma ($3.07M), Indonesia ($1.16M), and Pakistan ($1.11M).

The fastest growing import markets in Spices for Bangladesh between 2021 and 2022 were Burma ($1.87M), Indonesia ($1.15M), and Thailand ($235k).

Latest Trends

Aug 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 Spices. 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)$16.8M
IMPORTS (2022)$69.4M
NET TRADE (2022)-$52.6M

In 2022, Bangladesh exported $16.8M in Spices. The main destinations of Bangladesh exports on Spices were United Arab Emirates ($5.34M), Malaysia ($3.31M), Kuwait ($1.77M), Oman ($1.17M), and United States ($1.13M).

In 2022, Bangladesh imported $69.4M in Spices, mainly from India ($47.7M), China ($15.8M), Burma ($3.07M), Indonesia ($1.16M), and Pakistan ($1.11M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Bangladesh WERE (2021 - 2022):
Kuwait$1.2M (214%)
Oman$978k (505%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Bangladesh WERE (2021 - 2022):
Saudi Arabia-$11.1M (-100%)
Malaysia-$430k (-11.5%)
Singapore-$67.4k (-13.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.46M
TOP IMPORT POTENTIALIndia+ $7.63M

Spices’s highest export potential is United States. With an export gap of $1.46M.   Spices’s highest import potential is India with an import gap of $7.63M.

See methodology.

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