Bangladesh (BGD) and Australia (AUS) Trade | The Observatory of Economic Complexity

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Bangladesh-Australia Trade: In 2023, Bangladesh exported $962M to Australia. The main products that Bangladesh exported to Australia were Knit T-shirts ($211M), Non-Knit Men's Suits ($120M), and Non-Knit Women's Suits ($114M). Over the past 5 years the exports of Bangladesh to Australia have increased at an annualized rate of 5.52%, from $735M in 2018 to $962M in 2023.

In 2023, Bangladesh did not export any services to Australia.

Australia-Bangladesh Trade: In 2023, Australia exported $1.26B to Bangladesh. The main products that Australia exported to Bangladesh were Dried Legumes ($298M), Scrap Iron ($262M), and Raw Cotton ($249M). Over the past 5 years the exports of Australia to Bangladesh have increased at an annualized rate of 13.4%, from $674M in 2018 to $1.26B in 2023.

In 2023, Australia did not export any services to Bangladesh.

Comparison: In 2023, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $962M to Australia. The main products exported from Bangladesh to Australia were Knit T-shirts ($211M), Non-Knit Men's Suits ($120M), and Non-Knit Women's Suits ($114M). During the last 5 years the exports of Bangladesh to Australia have increased at an annualized rate of 5.52%, from $735M in 2018 to $962M in 2023.

In 2018, Australia exported $1.26B to Bangladesh. The main products exported from Australia to Bangladesh were Dried Legumes ($298M), Scrap Iron ($262M), and Raw Cotton ($249M). During the last 5 years the exports of Australia to Bangladesh have increased at an annualized rate of 13.4%, from $674M in 2023 to $1.26B in 2018.

Exports from Bangladesh () to Australia () (2023)

Exports from Australia () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Australia ()

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Australia
Top DestinationChina$137B

This map shows whether countries import more from Bangladesh or Australia. Each country is colored based on the difference in imports they receive from Bangladesh and Australia or the difference in the growth in imports.

In 2023, countries that imported more from Bangladesh than Australia included Germany ($8.28B), Spain ($3.95B), and Poland ($3.04B).

In 2023, countries that imported more from Australia than Bangladesh included China ($137B), Japan ($59B), and South Korea ($20.9B).

Difference in imports from Australia () and Bangladesh () (2023)

Comparative Advantage Bangladesh - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Bangladesh and Australia by product, considering products traded by both, Bangladesh and Australia.

During 2023, Bangladesh had a large net trade with Australia in the exports of Textiles ($908M), Footwear and Headwear ($18.7M), and Animal Hides ($12.5M).

During 2018, Australia had a large net trade with Bangladesh in the exports of Vegetable Products ($514M), Metals ($390M), and Textiles ($250M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Australia+$69.4MNon-Knit Women's Suits

Top Product Potential Australia Bangladesh+$65.7MCoal Briquettes

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Bangladesh and Australia. This means that a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Australia. Similarly, a dot/product with the flag of Australia indicates it has a comparative advantage over Bangladesh.

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Australia () (2023)

Exports from Australia () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Australia ()

Australia Exports

Market Competitiveness

Difference in imports from Australia () and Bangladesh () (2023)

Comparative Advantage Bangladesh - Australia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and Australia () (2023)

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