Bangladesh (BGD) and Japan (JPN) Trade | The Observatory of Economic Complexity

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Bangladesh-Japan Trade: In 2023, Bangladesh exported $1.55B to Japan. The main products that Bangladesh exported to Japan were Non-Knit Men's Suits ($256M), Knit Sweaters ($253M), and Knit T-shirts ($204M). Over the past 5 years the exports of Bangladesh to Japan have increased at an annualized rate of 1.74%, from $1.42B in 2018 to $1.55B in 2023.

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

Japan-Bangladesh Trade: In 2023, Japan exported $1.66B to Bangladesh. The main products that Japan exported to Bangladesh were Refined Petroleum ($320M), Cars ($286M), and Hot-Rolled Iron ($230M). Over the past 5 years the exports of Japan to Bangladesh have increased at an annualized rate of 1.95%, from $1.51B in 2018 to $1.66B in 2023.

In 2023, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $1.55B to Japan. The main products exported from Bangladesh to Japan were Non-Knit Men's Suits ($256M), Knit Sweaters ($253M), and Knit T-shirts ($204M). During the last 5 years the exports of Bangladesh to Japan have increased at an annualized rate of 1.74%, from $1.42B in 2018 to $1.55B in 2023.

In 2018, Japan exported $1.66B to Bangladesh. The main products exported from Japan to Bangladesh were Refined Petroleum ($320M), Cars ($286M), and Hot-Rolled Iron ($230M). During the last 5 years the exports of Japan to Bangladesh have increased at an annualized rate of 1.95%, from $1.51B in 2023 to $1.66B in 2018.

Exports from Bangladesh () to Japan () (2023)

Exports from Japan () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Japan ()

Japan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Japan
Top DestinationUnited States$143B

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

In 2023, countries that imported more from Bangladesh than Japan included Denmark ($935M) and Andorra ($10.1M).

In 2023, countries that imported more from Japan than Bangladesh included China ($138B), United States ($143B), and Chinese Taipei ($43B).

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

Comparative Advantage Bangladesh - Japan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Japan in the exports of Textiles ($1.31B), Animal Hides ($82.3M), and Footwear and Headwear ($65M).

During 2018, Japan had a large net trade with Bangladesh in the exports of Metals ($550M), Mineral Products ($325M), and Transportation ($325M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Japan+$199MKnit Sweaters

Top Product Potential Japan Bangladesh+$114MRefined 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 Japan. This means that a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Japan. Similarly, a dot/product with the flag of Japan indicates it has a comparative advantage over Bangladesh.

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Japan () (2023)

Exports from Japan () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Japan ()

Japan Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Japan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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