Bangladesh (BGD) and Indonesia (IDN) Trade | The Observatory of Economic Complexity

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Bangladesh-Indonesia Trade: In 2023, Bangladesh exported $95M to Indonesia. The main products that Bangladesh exported to Indonesia were Knit T-shirts ($12.4M), Jute Yarn ($11.5M), and Non-Knit Women's Suits ($9.72M). Over the past 5 years the exports of Bangladesh to Indonesia have increased at an annualized rate of 1.2%, from $89.5M in 2018 to $95M in 2023.

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

Indonesia-Bangladesh Trade: In 2023, Indonesia exported $3.58B to Bangladesh. The main products that Indonesia exported to Bangladesh were Palm Oil ($1.16B), Coal Briquettes ($1.07B), and Refined Petroleum ($295M). Over the past 5 years the exports of Indonesia to Bangladesh have increased at an annualized rate of 13.6%, from $1.89B in 2018 to $3.58B in 2023.

In 2023, Indonesia 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, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $95M to Indonesia. The main products exported from Bangladesh to Indonesia were Knit T-shirts ($12.4M), Jute Yarn ($11.5M), and Non-Knit Women's Suits ($9.72M). During the last 5 years the exports of Bangladesh to Indonesia have increased at an annualized rate of 1.2%, from $89.5M in 2018 to $95M in 2023.

In 2018, Indonesia exported $3.58B to Bangladesh. The main products exported from Indonesia to Bangladesh were Palm Oil ($1.16B), Coal Briquettes ($1.07B), and Refined Petroleum ($295M). During the last 5 years the exports of Indonesia to Bangladesh have increased at an annualized rate of 13.6%, from $1.89B in 2023 to $3.58B in 2018.

Exports from Bangladesh () to Indonesia () (2023)

Exports from Indonesia () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Indonesia ()

Indonesia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Indonesia
Top DestinationChina$70.7B

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

In 2023, countries that imported more from Bangladesh than Indonesia included Germany ($8.28B), Poland ($3.04B), and United Kingdom ($4.25B).

In 2023, countries that imported more from Indonesia than Bangladesh included China ($70.7B), Japan ($23.7B), and India ($24B).

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

Comparative Advantage Bangladesh - Indonesia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Indonesia in the exports of Textiles ($78.9M), Foodstuffs ($5.72M), and Chemical Products ($4.21M).

During 2018, Indonesia had a large net trade with Bangladesh in the exports of Mineral Products ($1.64B), Animal and Vegetable Bi-Products ($1.18B), and Textiles ($275M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Indonesia+$19.2MKnit T-shirts

Top Product Potential Indonesia Bangladesh+$98.7MRefined Petroleum

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

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Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Indonesia () (2023)

Exports from Indonesia () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Indonesia ()

Indonesia Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Indonesia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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