Overview In 2020 Bangladesh was the number 39 economy in the world in terms of GDP (current US$), the number 52 in total exports, the number 50 in total imports, the number 149 economy in terms of GDP per capita (current US$) and the number 111 most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Bangladesh are Suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts... ($5.75B), T-shirts, singlets and other vests; knitted or crocheted ($5.74B), Jerseys, pullovers, cardigans, waistcoats and similar articles; knitted or crocheted ($4.91B), Suits, ensembles, jackets, dresses, skirts, divided skirts, trousers, bib and brace overalls,... ($4.63B), and Suits, ensembles, jackets, dresses, skirts, divided skirts, trousers, bib and brace overalls,... ($2.45B), exporting mostly to Germany ($6.59B), United States ($6.25B), United Kingdom ($3.05B), Spain ($2.95B), and Poland ($2.27B).

In 2020, Bangladesh was the world's biggest exporter of Shirts; men's or boys' (not knitted or crocheted) ($1.87B), Yarn of jute or of other textile bast fibres of heading no. 5305 ($525M), Jute and other textile bast fibres (not flax, true hemp and ramie), raw or processed but not spun; tow and waste of these fibres, including yarn waste and garnetted stock ($112M), and Rags; used or new, scrap twine, cordage, rope and cables and worn out articles of twine, cordage, rope or cables, of textile materials ($87.1M)

Imports The top imports of Bangladesh are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing... ($2.64B), Cotton; not carded or combed ($1.8B), Wheat and meslin ($1.28B), Fabrics; knitted or crocheted, other than those of heading 60.01, of a... ($1.09B), and Woven fabrics of cotton, containing 85% or more by weight of cotton,... ($975M), importing mostly from China ($15B), India ($7.91B), Singapore ($2.29B), United States ($1.79B), and Indonesia ($1.69B).

In 2020, Bangladesh was the world's biggest importer of Woven fabrics of cotton, containing 85% or more by weight of cotton, weighing more than 200g/m2 ($975M), Woven fabrics of cotton, containing less than 85% by weight of cotton, mixed mainly or solely with man-made fibres, weighing more than 200g/m2 ($692M), Woven fabrics of cotton, containing 85% or more by weight of cotton, weighing not more than 200 g/m2 ($615M), Yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale ($306M), and Woven fabrics of artificial staple fibres ($194M)

Location Bangladesh borders Myanmar and India by land.

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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.

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

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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

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

Historical Data

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Bangladesh Exports Services (2019): $6.06B

Bangladesh Imports Services (2019): $9.53B

In 2019, Bangladesh exported $6.06B worth of services. The top services exported by Bangladesh in 2019 were Government services, n.i.e. ($3.04B), Other business services ($949M), Transportation ($622M), Computer and information services ($512M), and Personal travel ($387M).

The top services imported by Bangladesh in 2019 were Transportation ($5.69B), Financial services ($927M), Other business services ($906M), Personal travel ($861M), and Construction services ($504M).

Economic Complexity

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Export Opportunities by Relatedness

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The top export opportunities for Bangladesh according to the relatedness index, are Textiles; made up articles n.e.c. in chapter 63, including dress patterns (0.18), Cotton yarn (other than sewing thread), containing 85% or more by weight of cotton, not put up for retail sale (0.15), Nutmeg, mace and cardamoms (0.14), Tea (0.14), and Pepper of the genus piper; dried or crushed or ground fruits of the genus capsicum or of the genus pimenta (0.14). 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 a country currently specializes in.

Relatedness Space

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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.

Diversification Frontier

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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.

Economic Complexity Ranking

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During the last 20 years Bangladesh's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨86th to the 111th⁩ 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.

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