Bangladesh (BGD) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Bangladesh-Finland Trade: In 2023, Bangladesh exported $219M to Finland. The main products that Bangladesh exported to Finland were Knit T-shirts ($38.4M), Knit Sweaters ($33.4M), and Non-Knit Men's Suits ($22.8M). Over the past 5 years the exports of Bangladesh to Finland have increased at an annualized rate of 3.47%, from $185M in 2018 to $219M in 2023.

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

Finland-Bangladesh Trade: In 2023, Finland exported $41.9M to Bangladesh. The main products that Finland exported to Bangladesh were Kraft Paper ($6.44M), Other Uncoated Paper ($5.14M), and Kaolin Coated Paper ($5.04M). Over the past 5 years the exports of Finland to Bangladesh have decreased at an annualized rate of 27.7%, from $212M in 2018 to $41.9M in 2023.

In 2023, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $219M to Finland. The main products exported from Bangladesh to Finland were Knit T-shirts ($38.4M), Knit Sweaters ($33.4M), and Non-Knit Men's Suits ($22.8M). During the last 5 years the exports of Bangladesh to Finland have increased at an annualized rate of 3.47%, from $185M in 2018 to $219M in 2023.

In 2018, Finland exported $41.9M to Bangladesh. The main products exported from Finland to Bangladesh were Kraft Paper ($6.44M), Other Uncoated Paper ($5.14M), and Kaolin Coated Paper ($5.04M). During the last 5 years the exports of Finland to Bangladesh have decreased at an annualized rate of 27.7%, from $212M in 2023 to $41.9M in 2018.

Exports from Bangladesh () to Finland () (2023)

Exports from Finland () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Finland ()

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Finland
Top DestinationUnited States$9.68B

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

In 2023, countries that imported more from Bangladesh than Finland included Spain ($3.95B), United Kingdom ($4.25B), and India ($1.89B).

In 2023, countries that imported more from Finland than Bangladesh included Sweden ($8.13B), Netherlands ($5.51B), and China ($4.58B).

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

Comparative Advantage Bangladesh - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Finland in the exports of Textiles ($211M), Footwear and Headwear ($4.1M), and Transportation ($1.13M).

During 2018, Finland had a large net trade with Bangladesh in the exports of Paper Goods ($19.8M), Machines ($11.3M), and Transportation ($5.19M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Finland+$19.4MKnit Sweaters

Top Product Potential Finland Bangladesh+$4.95MKaolin Coated Paper

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

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Finland () (2023)

Exports from Finland () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Finland ()

Finland Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Finland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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