Bangladesh (BGD) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

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Bangladesh-Malaysia Trade: In 2023, Bangladesh exported $329M to Malaysia. The main products that Bangladesh exported to Malaysia were Refined Petroleum ($90.7M), Other Knit Garments ($34.2M), and Knit T-shirts ($32.7M). Over the past 5 years the exports of Bangladesh to Malaysia have increased at an annualized rate of 4.63%, from $262M in 2018 to $329M in 2023.

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

Malaysia-Bangladesh Trade: In 2023, Malaysia exported $2.45B to Bangladesh. The main products that Malaysia exported to Bangladesh were Refined Petroleum ($1.15B), Palm Oil ($238M), and Petroleum Gas ($135M). Over the past 5 years the exports of Malaysia to Bangladesh have increased at an annualized rate of 1.97%, from $2.22B in 2018 to $2.45B in 2023.

In 2023, Malaysia 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, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $329M to Malaysia. The main products exported from Bangladesh to Malaysia were Refined Petroleum ($90.7M), Other Knit Garments ($34.2M), and Knit T-shirts ($32.7M). During the last 5 years the exports of Bangladesh to Malaysia have increased at an annualized rate of 4.63%, from $262M in 2018 to $329M in 2023.

In 2018, Malaysia exported $2.45B to Bangladesh. The main products exported from Malaysia to Bangladesh were Refined Petroleum ($1.15B), Palm Oil ($238M), and Petroleum Gas ($135M). During the last 5 years the exports of Malaysia to Bangladesh have increased at an annualized rate of 1.97%, from $2.22B in 2023 to $2.45B in 2018.

Exports from Bangladesh () to Malaysia () (2023)

Exports from Malaysia () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Malaysia ()

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Malaysia
Top DestinationChina$79.8B

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

In 2023, countries that imported more from Bangladesh than Malaysia included Spain ($3.95B), Poland ($3.04B), and Denmark ($935M).

In 2023, countries that imported more from Malaysia than Bangladesh included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

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

Comparative Advantage Bangladesh - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Malaysia in the exports of Textiles ($176M), Mineral Products ($91.6M), and Vegetable Products ($15.6M).

During 2018, Malaysia had a large net trade with Bangladesh in the exports of Mineral Products ($1.42B), Animal and Vegetable Bi-Products ($280M), and Precious Metals ($128M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Malaysia+$44.7MKnit T-shirts

Top Product Potential Malaysia Bangladesh+$40.9MPalm Oil

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

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Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Malaysia () (2023)

Exports from Malaysia () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Malaysia ()

Malaysia Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Malaysia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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