Bangladesh (BGD) and Italy (ITA) Trade | The Observatory of Economic Complexity

About

Bangladesh-Italy Trade: In 2023, Bangladesh exported $1.77B to Italy. The main products that Bangladesh exported to Italy were Knit Sweaters ($318M), Knit T-shirts ($295M), and Non-Knit Men's Suits ($205M). Over the past 5 years the exports of Bangladesh to Italy have increased at an annualized rate of 1.41%, from $1.65B in 2018 to $1.77B in 2023.

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

Italy-Bangladesh Trade: In 2023, Italy exported $593M to Bangladesh. The main products that Italy exported to Bangladesh were Textile Processing Machines ($56M), Metal-Rolling Mills ($46.6M), and Machinery Having Individual Functions ($24.6M). Over the past 5 years the exports of Italy to Bangladesh have decreased at an annualized rate of 7.43%, from $872M in 2018 to $593M in 2023.

In 2023, Italy 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $1.77B to Italy. The main products exported from Bangladesh to Italy were Knit Sweaters ($318M), Knit T-shirts ($295M), and Non-Knit Men's Suits ($205M). During the last 5 years the exports of Bangladesh to Italy have increased at an annualized rate of 1.41%, from $1.65B in 2018 to $1.77B in 2023.

In 2018, Italy exported $593M to Bangladesh. The main products exported from Italy to Bangladesh were Textile Processing Machines ($56M), Metal-Rolling Mills ($46.6M), and Machinery Having Individual Functions ($24.6M). During the last 5 years the exports of Italy to Bangladesh have decreased at an annualized rate of 7.43%, from $872M in 2023 to $593M in 2018.

Exports from Bangladesh () to Italy () (2023)

Exports from Italy () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Italy ()

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Italy
Top DestinationGermany$71.4B

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

In 2023, no countries were registered that imported more from Bangladesh than from Italy.

In 2023, countries that imported more from Italy than Bangladesh included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

Comparative Advantage Bangladesh - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Italy in the exports of Textiles ($1.67B), Footwear and Headwear ($37.1M), and Animal Hides ($13.4M).

During 2018, Italy had a large net trade with Bangladesh in the exports of Machines ($392M), Chemical Products ($73.1M), and Textiles ($22.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Italy+$147MKnit Sweaters

Top Product Potential Italy Bangladesh+$11.2MMachinery Having Individual Functions

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Bangladesh and Italy. This means that a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Bangladesh.

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Italy () (2023)

Exports from Italy () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Italy ()

Italy Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Italy

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring