Bangladesh (BGD) and Ireland (IRL) Trade | The Observatory of Economic Complexity

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Bangladesh-Ireland Trade: In 2023, Bangladesh exported $446M to Ireland. The main products that Bangladesh exported to Ireland were Knit T-shirts ($85.9M), Knit Sweaters ($66.4M), and Non-Knit Men's Suits ($47.8M). Over the past 5 years the exports of Bangladesh to Ireland have increased at an annualized rate of 13.1%, from $241M in 2018 to $446M in 2023.

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

Ireland-Bangladesh Trade: In 2023, Ireland exported $40.9M to Bangladesh. The main products that Ireland exported to Bangladesh were Gas Turbines ($17.3M), Concentrated Milk ($9.27M), and Scrap Iron ($3.14M). Over the past 5 years the exports of Ireland to Bangladesh have increased at an annualized rate of 12.9%, from $22.2M in 2018 to $40.9M in 2023.

In 2023, Ireland 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, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $446M to Ireland. The main products exported from Bangladesh to Ireland were Knit T-shirts ($85.9M), Knit Sweaters ($66.4M), and Non-Knit Men's Suits ($47.8M). During the last 5 years the exports of Bangladesh to Ireland have increased at an annualized rate of 13.1%, from $241M in 2018 to $446M in 2023.

In 2018, Ireland exported $40.9M to Bangladesh. The main products exported from Ireland to Bangladesh were Gas Turbines ($17.3M), Concentrated Milk ($9.27M), and Scrap Iron ($3.14M). During the last 5 years the exports of Ireland to Bangladesh have increased at an annualized rate of 12.9%, from $22.2M in 2023 to $40.9M in 2018.

Exports from Bangladesh () to Ireland () (2023)

Exports from Ireland () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Ireland ()

Ireland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Ireland
Top DestinationUnited States$67.4B

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

In 2023, countries that imported more from Bangladesh than Ireland included India ($1.89B), Poland ($3.04B), and Spain ($3.95B).

In 2023, countries that imported more from Ireland than Bangladesh included United States ($67.4B), Germany ($26.7B), and Belgium ($18.7B).

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

Comparative Advantage Bangladesh - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Ireland in the exports of Textiles ($433M), Footwear and Headwear ($5.97M), and Transportation ($1.67M).

During 2018, Ireland had a large net trade with Bangladesh in the exports of Machines ($21.8M), Animal Products ($9.3M), and Chemical Products ($3.26M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Ireland+$30.2MKnit Sweaters

Top Product Potential Ireland Bangladesh+$2.85MMalt Extract

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

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Ireland () (2023)

Exports from Ireland () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Ireland ()

Ireland Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Ireland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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