Bangladesh (BGD) and Ethiopia (ETH) Trade | The Observatory of Economic Complexity

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Bangladesh-Ethiopia Trade: In 2023, Bangladesh exported $4.24M to Ethiopia. The main products that Bangladesh exported to Ethiopia were Packaged Medicaments ($862k), Jute Yarn ($688k), and Non-Knit Men's Suits ($447k). Over the past 5 years the exports of Bangladesh to Ethiopia have decreased at an annualized rate of 20.7%, from $13.5M in 2018 to $4.24M in 2023.

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

Ethiopia-Bangladesh Trade: In 2023, Ethiopia exported $3.02M to Bangladesh. The main products that Ethiopia exported to Bangladesh were Light Mixed Woven Cotton ($2.76M), Spices ($148k), and Cotton Waste ($60.6k). Over the past 5 years the exports of Ethiopia to Bangladesh have decreased at an annualized rate of 0.16%, from $3.05M in 2018 to $3.02M in 2023.

In 2023, Ethiopia 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, Ethiopia ranked 101 in the Economic Complexity Index (ECI -0.84), and 137 in total exports ($3.97B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $4.24M to Ethiopia. The main products exported from Bangladesh to Ethiopia were Packaged Medicaments ($862k), Jute Yarn ($688k), and Non-Knit Men's Suits ($447k). During the last 5 years the exports of Bangladesh to Ethiopia have decreased at an annualized rate of 20.7%, from $13.5M in 2018 to $4.24M in 2023.

In 2018, Ethiopia exported $3.02M to Bangladesh. The main products exported from Ethiopia to Bangladesh were Light Mixed Woven Cotton ($2.76M), Spices ($148k), and Cotton Waste ($60.6k). During the last 5 years the exports of Ethiopia to Bangladesh have decreased at an annualized rate of 0.16%, from $3.05M in 2023 to $3.02M in 2018.

Exports from Bangladesh () to Ethiopia () (2023)

Exports from Ethiopia () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Ethiopia ()

Ethiopia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Ethiopia
Top DestinationUnited States$487M

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

In 2023, countries that imported more from Bangladesh than Ethiopia included Germany ($8.28B), United States ($8.58B), and United Kingdom ($4.25B).

In 2023, countries that imported more from Ethiopia than Bangladesh included Djibouti ($155M), Somalia ($142M), and South Korea ($116M).

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

Comparative Advantage Bangladesh - Ethiopia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Ethiopia in the exports of Textiles ($2.64M), Chemical Products ($862k), and Machines ($475k).

During 2018, Ethiopia had a large net trade with Bangladesh in the exports of Textiles ($2.85M), Vegetable Products ($152k), and Animal Hides ($9.65k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Ethiopia+$925kNon-Knit Men's Suits

Top Product Potential Ethiopia Bangladesh+$478kSewing Machines

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

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Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Ethiopia () (2023)

Exports from Ethiopia () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Ethiopia ()

Ethiopia Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Ethiopia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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