Bangladesh (BGD) and Hong Kong (HKG) Trade | The Observatory of Economic Complexity

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Bangladesh-Hong Kong Trade: In 2023, Bangladesh exported $130M to Hong Kong. The main products that Bangladesh exported to Hong Kong were Knit T-shirts ($23.2M), Non-Knit Men's Suits ($15.3M), and Knit Sweaters ($7.47M). Over the past 5 years the exports of Bangladesh to Hong Kong have decreased at an annualized rate of 5.23%, from $171M in 2018 to $130M in 2023.

In 2023, Bangladesh did not export any services to Hong Kong.

Hong Kong-Bangladesh Trade: In 2023, Hong Kong exported $831M to Bangladesh. The main products that Hong Kong exported to Bangladesh were Telephones ($169M), Integrated Circuits ($105M), and Light Rubberized Knitted Fabric ($51.3M). Over the past 5 years the exports of Hong Kong to Bangladesh have decreased at an annualized rate of 14.5%, from $1.82B in 2018 to $831M in 2023.

In 2023, Hong Kong 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, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $130M to Hong Kong. The main products exported from Bangladesh to Hong Kong were Knit T-shirts ($23.2M), Non-Knit Men's Suits ($15.3M), and Knit Sweaters ($7.47M). During the last 5 years the exports of Bangladesh to Hong Kong have decreased at an annualized rate of 5.23%, from $171M in 2018 to $130M in 2023.

In 2018, Hong Kong exported $831M to Bangladesh. The main products exported from Hong Kong to Bangladesh were Telephones ($169M), Integrated Circuits ($105M), and Light Rubberized Knitted Fabric ($51.3M). During the last 5 years the exports of Hong Kong to Bangladesh have decreased at an annualized rate of 14.5%, from $1.82B in 2023 to $831M in 2018.

Exports from Bangladesh () to Hong Kong () (2023)

Exports from Hong Kong () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Hong Kong ()

Hong Kong Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Hong Kong
Top DestinationChina$25.3B

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

In 2023, countries that imported more from Bangladesh than Hong Kong included Germany ($8.28B), United States ($8.58B), and Spain ($3.95B).

In 2023, countries that imported more from Hong Kong than Bangladesh included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

Difference in imports from Hong Kong () and Bangladesh () (2023)

Comparative Advantage Bangladesh - Hong Kong

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Hong Kong in the exports of Textiles ($79.8M), Machines ($12.4M), and Animal Hides ($8.95M).

During 2018, Hong Kong had a large net trade with Bangladesh in the exports of Machines ($401M), Textiles ($192M), and Miscellaneous ($67.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Hong Kong+$26MKnit T-shirts

Top Product Potential Hong Kong Bangladesh+N/AN/A

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

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Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Hong Kong () (2023)

Exports from Hong Kong () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Hong Kong ()

Hong Kong Exports

Market Competitiveness

Difference in imports from Hong Kong () and Bangladesh () (2023)

Comparative Advantage Bangladesh - Hong Kong

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and Hong Kong () (2023)

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