Bangladesh (BGD) and Brazil (BRA) Trade | The Observatory of Economic Complexity

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Bangladesh-Brazil Trade: In 2023, Bangladesh exported $215M to Brazil. The main products that Bangladesh exported to Brazil were Knit Sweaters ($43.9M), Non-Knit Men's Suits ($32.4M), and Non-Knit Men's Shirts ($26.5M). Over the past 5 years the exports of Bangladesh to Brazil have decreased at an annualized rate of 0.77%, from $223M in 2018 to $215M in 2023.

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

Brazil-Bangladesh Trade: In 2023, Brazil exported $2.11B to Bangladesh. The main products that Brazil exported to Bangladesh were Raw Sugar ($694M), Soybeans ($460M), and Raw Cotton ($394M). Over the past 5 years the exports of Brazil to Bangladesh have increased at an annualized rate of 12.7%, from $1.16B in 2018 to $2.11B in 2023.

In 2023, Brazil 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, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $215M to Brazil. The main products exported from Bangladesh to Brazil were Knit Sweaters ($43.9M), Non-Knit Men's Suits ($32.4M), and Non-Knit Men's Shirts ($26.5M). During the last 5 years the exports of Bangladesh to Brazil have decreased at an annualized rate of 0.77%, from $223M in 2018 to $215M in 2023.

In 2018, Brazil exported $2.11B to Bangladesh. The main products exported from Brazil to Bangladesh were Raw Sugar ($694M), Soybeans ($460M), and Raw Cotton ($394M). During the last 5 years the exports of Brazil to Bangladesh have increased at an annualized rate of 12.7%, from $1.16B in 2023 to $2.11B in 2018.

Exports from Bangladesh () to Brazil () (2023)

Exports from Brazil () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Brazil ()

Brazil Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Brazil
Top DestinationChina$106B

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

In 2023, countries that imported more from Bangladesh than Brazil included Germany ($8.28B), Czechia ($992M), and Austria ($1.05B).

In 2023, countries that imported more from Brazil than Bangladesh included China ($106B), United States ($37B), and Argentina ($17.2B).

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

Comparative Advantage Bangladesh - Brazil

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Brazil in the exports of Textiles ($201M), Animal Hides ($4.67M), and Footwear and Headwear ($3.83M).

During 2018, Brazil had a large net trade with Bangladesh in the exports of Foodstuffs ($765M), Vegetable Products ($558M), and Textiles ($406M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Brazil+$28.1MKnit Sweaters

Top Product Potential Brazil Bangladesh+$47.2MCorn

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 Brazil. This means that a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Brazil. Similarly, a dot/product with the flag of Brazil indicates it has a comparative advantage over Bangladesh.

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Brazil () (2023)

Exports from Brazil () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Brazil ()

Brazil Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Brazil

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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