Overview: In 2018 Bangladesh was the number 42 economy in the world in terms of GDP (current US$), the number 54 in total exports, the number 50 in total imports,
the number 156 economy in terms of GDP per capita (current US$) and the number 127 most complex economy according to the Economic Complexity Index (ECI)
In 2018, Bangladesh exported a total of $44.9B, making it the number 54 exporter in the world. During the last five reported years the exports of Bangladesh have changed by $13.9B from $30.9B in 2013 to $44.9B in 2018.
In 2018 Bangladesh imported $54B, making it the number 50 trade destination in the world. During the last five reported years the imports of Bangladesh changed by $20.9B from $33.1B in 2013 to $54B in 2018.
In 2018, Bangladesh exported $4.98B worth of services. The top services exported by Bangladesh in 2018 were Other government services ($2.12B), Miscellaneous business, professional, and technical services ($834M), Telecommunications services ($366M), Personal travel ($352M), and Air transport ($350M).
The top services imported by Bangladesh in 2018 were Sea transport ($7.16B), Air transport ($814M), Personal travel ($704M), Miscellaneous business, professional, and technical services ($685M), and Construction in the compiling economy ($369M).
This section shows forecasts for total product exports and imports for Bangladesh. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
*The tariffs applied to imports for Bangladesh are:93: Bangladesh Free Trade Agreement duty rates for India, Pakistan and Sri Lanka under the South Asian Free Trade Area (SAFTA)136: Most Favoured Nation duty rate treatement157: Preferential tariff for (SAARC) South Asian Association for Regional Cooperation countries Least developed countries343: Preferential trade agreement (APTA) Asia-Pacific Trade Agreement or (Previously named:Bangkok Agreement)366: South Asian Association for Regional Cooperation (SAARC) Preferential Trading Arragement (SAPTA)
During the last 20 years Bangladesh's economy has become relatively less complex, moving from the 95th to the 127th 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.
The top export opportunities for Bangladesh according to the relatedness index, are Rubber (0.13), Tea (0.13), Pepper (0.12), Non-Knit Gloves (0.12), and Footwear Parts (0.12). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Bangladesh is not specialized in.
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 it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a 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 emissions.
Bangladesh
