Bangladesh (BGD) and China (CHN) Trade | The Observatory of Economic Complexity

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Bangladesh-China Trade: In 2023, Bangladesh exported $1.02B to China. The main products that Bangladesh exported to China were Jute Yarn ($87.1M), Non-Knit Men's Coats ($68.7M), and Processed Hair ($67.4M). Over the past 5 years the exports of Bangladesh to China have increased at an annualized rate of 0.78%, from $981M in 2018 to $1.02B in 2023.

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

China-Bangladesh Trade: In 2023, China exported $22.9B to Bangladesh. The main products that China exported to Bangladesh were Refined Petroleum ($2.96B), Light Rubberized Knitted Fabric ($1.1B), and Synthetic Filament Yarn Woven Fabric ($904M). Over the past 5 years the exports of China to Bangladesh have increased at an annualized rate of 5.23%, from $17.7B in 2018 to $22.9B in 2023.

In 2023, China 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, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $1.02B to China. The main products exported from Bangladesh to China were Jute Yarn ($87.1M), Non-Knit Men's Coats ($68.7M), and Processed Hair ($67.4M). During the last 5 years the exports of Bangladesh to China have increased at an annualized rate of 0.78%, from $981M in 2018 to $1.02B in 2023.

In 2018, China exported $22.9B to Bangladesh. The main products exported from China to Bangladesh were Refined Petroleum ($2.96B), Light Rubberized Knitted Fabric ($1.1B), and Synthetic Filament Yarn Woven Fabric ($904M). During the last 5 years the exports of China to Bangladesh have increased at an annualized rate of 5.23%, from $17.7B in 2023 to $22.9B in 2018.

Exports from Bangladesh () to China () (2023)

Exports from China () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and China ()

China Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

China
Top DestinationUnited States$436B

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

In 2023, no countries were registered that imported more from Bangladesh than from China.

In 2023, countries that imported more from China than Bangladesh included United States ($436B), Hong Kong ($259B), and Japan ($169B).

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

Comparative Advantage Bangladesh - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with China in the exports of Textiles ($583M), Animal Hides ($110M), and Footwear and Headwear ($103M).

During 2018, China had a large net trade with Bangladesh in the exports of Textiles ($7.61B), Machines ($4.71B), and Mineral Products ($3.12B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh China+$86.6MKnit T-shirts

Top Product Potential China Bangladesh+$434MTelephones

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

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Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to China () (2023)

Exports from China () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and China ()

China Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - China

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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