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Overview In 2022, Bangladesh was the number 34 economy in the world in terms of GDP (current US$), the number 52 in total exports, the number 47 in total imports, the number 136 economy in terms of GDP per capita (current US$) and the number 101 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Bangladesh are Knit T-shirts ($9.06B), Non-Knit Men's Suits ($8.82B), Knit Sweaters ($8.02B), Non-Knit Women's Suits ($6.63B), and Knit Women's Suits ($4.08B), exporting mostly to United States ($11.7B), Germany ($10.2B), United Kingdom ($4.86B), Spain ($4.41B), and Poland ($3.53B).

In 2022, Bangladesh was the world's biggest exporter of Non-Knit Men's Shirts ($2.59B), Knit Men's Shirts ($1.44B), Jute Yarn ($528M), Jute and Other Textile Fibers ($205M), and Textile Scraps ($171M)

Imports The top imports of Bangladesh are Refined Petroleum ($11.3B), Raw Cotton ($2.9B), Non-Retail Pure Cotton Yarn ($1.97B), Scrap Iron ($1.86B), and Palm Oil ($1.77B), importing mostly from China ($26.8B), India ($13.8B), Singapore ($4.68B), Malaysia ($4.23B), and Indonesia ($3.89B).

In 2022, Bangladesh was the world's biggest importer of Heavy Pure Woven Cotton ($1.42B), Heavy Mixed Woven Cotton ($1.03B), Light Pure Woven Cotton ($975M), Flax Woven Fabric ($381M), and Woven Fabric of Synthetic Staple Fibers ($318M)

Location Bangladesh borders Burma and India by land.

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Bangladesh.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2022)Knit T-shirts$9.06B
Top Destination (2022)United States$11.7B

In 2022, Bangladesh exported a total of $64.2B, making it the number 52 exporter in the world. During the last five reported years the exports of Bangladesh have changed by $23.8B from $40.3B in 2017 to $64.2B in 2022.

The most recent exports are led by Knit T-shirts ($9.06B), Non-Knit Men's Suits ($8.82B), Knit Sweaters ($8.02B), Non-Knit Women's Suits ($6.63B), and Knit Women's Suits ($4.08B). The most common destination for the exports of Bangladesh are United States ($11.7B), Germany ($10.2B), United Kingdom ($4.86B), Spain ($4.41B), and Poland ($3.53B).

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Exports (2022)
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Destinations (2022)
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Market Growth

Flow
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Fastest Growing Export Markets (2021 - 2022)
United States$3.01B (+ 34.4%)
Germany$1.88B (+ 22.5%)
United Kingdom$1.56B (+ 47.5%)
Fastest Growing Import Markets (2021 - 2022)
China$2.96B (+ 12.4%)
Malaysia$1.97B (+ 87.3%)
Singapore$1.15B (+ 32.7%)

Total Export Growth by Market (2021 - 2022)

Service Trade

Service Trade

Bangladesh Exports Services (2020)$5.15B
Bangladesh Imports Services (2020)$10.2B

In 2020, Bangladesh exported $5.15B worth of services. The top services exported by Bangladesh in 2020 were Other government services ($2.36B), Miscellaneous business, professional, and technical services ($859M), Construction in the compiling economy ($436M), Air transport ($401M), and Sea transport ($283M).

The top services imported by Bangladesh in 2020 were Sea transport ($6.78B), Construction in the compiling economy ($698M), Miscellaneous business, professional, and technical services ($578M), Air transport ($537M), and Other transport of which: Pipeline transport and electricity transmission ($488M).

Service Exports (2020)

Service Imports (2020)

Economic Complexity

Overview

Economic Complexity (Trade)-0.82Rank 101 of 133
Economic Complexity (Technology)-1.35Rank 86 of 96
Economic Complexity (Research)-0.34Rank 73 of 135

Most Specialized Products by RCA Index

Bangladesh has a high level of specialization in Jute Yarn (334), Textile Scraps (78.2), Non-Knit Men's Shirts (70.8), Non-Knit Men's Suits (62.5), and Non-Knit Babies' Garments (61.2). Specialization is measured using RCA, an index that takes the ratio between Bangladesh observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Bangladesh according to the relatedness index, were Tea (0.14), Pepper (0.14), Other Footwear (0.13), Non-Retail Pure Cotton Yarn (0.13), and Processed Crustaceans (0.13). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Bangladesh is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Bangladesh. These are products that tend to be co-exported with the products that Bangladesh exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2022)

Diversification Frontier

Filter
Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Bangladesh's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨99th to the 101st⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

Explore Rankings

ECI (Trade) Ranking by Country

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