Bangladesh (BGD) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Bangladesh-South Korea Trade: In 2022, Bangladesh exported $677M to South Korea. The main products that Bangladesh exported to South Korea were N/A. Over the past 5 years the exports of Bangladesh to South Korea have increased at an annualized rate of 18.8%, from $286M in 2017 to $677M in 2022.

In 2022, Bangladesh did not export any services to South Korea.

South Korea-Bangladesh Trade: In 2022, South Korea exported $2.35B to Bangladesh. The main products that South Korea exported to Bangladesh were N/A. Over the past 5 years the exports of South Korea to Bangladesh have increased at an annualized rate of 13%, from $1.28B in 2017 to $2.35B in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bangladesh exported $677M to South Korea. There were not main exports from Bangladesh to South Korea in 2022. During the last 5 years the exports of Bangladesh to South Korea have increased at an annualized rate of 18.8%, from $286M in 2017 to $677M in 2022.

In 2017, South Korea exported $2.35B to Bangladesh. There were not main exports from South Korea to Bangladesh in 2017. During the last 5 years the exports of South Korea to Bangladesh have increased at an annualized rate of 13%, from $1.28B in 2022 to $2.35B in 2017.

Exports from Bangladesh () to South Korea () (2022)

Exports from South Korea () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and South Korea ()

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

South Korea
Top DestinationChina$162B

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

In 2023, countries that imported more from Bangladesh than South Korea included Andorra ($10.1M), Denmark ($935M), and Bosnia and Herzegovina ($67.2M).

In 2023, countries that imported more from South Korea than Bangladesh included China ($162B), United States ($118B), and Hong Kong ($28.8B).

Difference in imports from South Korea () and Bangladesh () (2023)

Comparative Advantage Bangladesh - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bangladesh had a large net trade with South Korea in the exports of .

During 2017, South Korea had a large net trade with Bangladesh in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh South Korea+$99.7MKnit Sweaters

Top Product Potential South Korea Bangladesh+$226MRefined 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 South Korea. This means that a dot/product with the flag of Bangladesh indicates it has a comparative advantage over South Korea. Similarly, a dot/product with the flag of South Korea indicates it has a comparative advantage over Bangladesh.

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to South Korea () (2022)

Exports from South Korea () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and South Korea ()

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Bangladesh () (2023)

Comparative Advantage Bangladesh - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and South Korea () (2022)

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