Bangladesh (BGD) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Bangladesh-Spain Trade: In 2022, Bangladesh exported $4.41B to Spain. The main products that Bangladesh exported to Spain were Knit T-shirts ($834M), Non-Knit Women's Suits ($695M), and Knit Sweaters ($634M). Over the past 5 years the exports of Bangladesh to Spain have increased at an annualized rate of 9.58%, from $2.79B in 2017 to $4.41B in 2022.

In 2022, Bangladesh did not export any services to Spain.

Spain-Bangladesh Trade: In 2022, Spain exported $207M to Bangladesh. The main products that Spain exported to Bangladesh were Planes, Helicopters, and/or Spacecraft ($33.5M), Prepared Pigments ($19.3M), and Non-Mechanical Removal Machinery ($11.1M). Over the past 5 years the exports of Spain to Bangladesh have increased at an annualized rate of 5.46%, from $159M in 2017 to $207M in 2022.

In 2022, Spain did not export any services to Bangladesh.

Comparison: In 2022, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bangladesh exported $4.41B to Spain. The main products exported from Bangladesh to Spain were Knit T-shirts ($834M), Non-Knit Women's Suits ($695M), and Knit Sweaters ($634M). During the last 5 years the exports of Bangladesh to Spain have increased at an annualized rate of 9.58%, from $2.79B in 2017 to $4.41B in 2022.

In 2017, Spain exported $207M to Bangladesh. The main products exported from Spain to Bangladesh were Planes, Helicopters, and/or Spacecraft ($33.5M), Prepared Pigments ($19.3M), and Non-Mechanical Removal Machinery ($11.1M). During the last 5 years the exports of Spain to Bangladesh have increased at an annualized rate of 5.46%, from $159M in 2022 to $207M in 2017.

Exports from Bangladesh () to Spain () (2022)

Exports from Spain () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Spain ()

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$11.7B

Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from Bangladesh than Spain included Nepal ($55.1M), Burma ($36.5M), and Timor-Leste ($777k).

In 2022, countries that imported more from Spain than Bangladesh included France ($65.2B), Portugal ($34.9B), and Italy ($32.1B).

Difference in imports from Spain () and Bangladesh () (2022)

Comparative Advantage Bangladesh - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bangladesh had a large net trade with Spain in the exports of Textiles ($4.28B), Footwear and Headwear ($56.5M), and Animal Hides ($22.5M).

During 2017, Spain had a large net trade with Bangladesh in the exports of Chemical Products ($62M), Machines ($53.1M), and Transportation ($33.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Spain+$129MNon-Knit Women's Suits

Top Product Potential Spain Bangladesh+$5.3MVaccines, blood, antisera, toxins and cultures

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

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Spain () (2022)

Exports from Spain () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Spain ()

Spain Exports

Market Competitiveness

Difference in imports from Spain () and Bangladesh () (2022)

Comparative Advantage Bangladesh - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and Spain () (2022)

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