Bangladesh (BGD) and Namibia (NAM) Trade | The Observatory of Economic Complexity

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Bangladesh-Namibia Trade: In 2023, Bangladesh exported $2.19M to Namibia. The main products that Bangladesh exported to Namibia were Knit Sweaters ($414k), Knit T-shirts ($379k), and Non-Knit Men's Suits ($274k). Over the past 5 years the exports of Bangladesh to Namibia have decreased at an annualized rate of 0.085%, from $2.2M in 2018 to $2.19M in 2023.

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

Namibia-Bangladesh Trade: In 2023, Namibia exported $61.8k to Bangladesh. The main products that Namibia exported to Bangladesh were Tropical Fruits ($61.8k). Over the past 5 years the exports of Namibia to Bangladesh have decreased at an annualized rate of 19.4%, from $182k in 2018 to $61.8k in 2023.

In 2023, Namibia 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, Namibia ranked 98 in the Economic Complexity Index (ECI -0.74), and 124 in total exports ($6.28B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $2.19M to Namibia. The main products exported from Bangladesh to Namibia were Knit Sweaters ($414k), Knit T-shirts ($379k), and Non-Knit Men's Suits ($274k). During the last 5 years the exports of Bangladesh to Namibia have decreased at an annualized rate of 0.085%, from $2.2M in 2018 to $2.19M in 2023.

In 2018, Namibia exported $61.8k to Bangladesh. The main products exported from Namibia to Bangladesh were Tropical Fruits ($61.8k). During the last 5 years the exports of Namibia to Bangladesh have decreased at an annualized rate of 19.4%, from $182k in 2023 to $61.8k in 2018.

Exports from Bangladesh () to Namibia () (2023)

Exports from Namibia () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Namibia ()

Namibia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Namibia
Top DestinationSouth Africa$1.71B

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

In 2023, countries that imported more from Bangladesh than Namibia included United States ($8.58B), Germany ($8.28B), and United Kingdom ($4.25B).

In 2023, countries that imported more from Namibia than Bangladesh included South Africa ($1.71B), Botswana ($504M), and Zambia ($329M).

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

Comparative Advantage Bangladesh - Namibia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Namibia in the exports of Textiles ($1.86M), Chemical Products ($181k), and Animal Products ($130k).

During 2018, Namibia had a large net trade with Bangladesh in the exports of Vegetable Products ($61.8k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Namibia+$789kKnit T-shirts

Top Product Potential Namibia Bangladesh+$314kScrap Iron

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

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Namibia () (2023)

Exports from Namibia () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Namibia ()

Namibia Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Namibia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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