Bangladesh (BGD) and Nepal (NPL) Trade | The Observatory of Economic Complexity

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Bangladesh-Nepal Trade: In 2022, Bangladesh exported $55.1M to Nepal. The main products that Bangladesh exported to Nepal were Soybean Meal ($22.9M), Jute and Other Textile Fibers ($5.82M), and Packaged Medicaments ($3.8M). Over the past 5 years the exports of Bangladesh to Nepal have increased at an annualized rate of 7.9%, from $37.6M in 2017 to $55.1M in 2022.

In 2022, Bangladesh did not export any services to Nepal.

Nepal-Bangladesh Trade: In 2022, Nepal exported $4.12M to Bangladesh. The main products that Nepal exported to Bangladesh were Dried Legumes ($3.36M), Fake Hair ($220k), and Perfume Plants ($132k). Over the past 5 years the exports of Nepal to Bangladesh have decreased at an annualized rate of 13.4%, from $9.78M in 2017 to $4.12M in 2022.

In 2022, Nepal did not export any services to Bangladesh.

Comparison In 2022, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B). That same year, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bangladesh exported $55.1M to Nepal. The main products exported from Bangladesh to Nepal were Soybean Meal ($22.9M), Jute and Other Textile Fibers ($5.82M), and Packaged Medicaments ($3.8M). During the last 5 years the exports of Bangladesh to Nepal have increased at an annualized rate of 7.9%, from $37.6M in 2017 to $55.1M in 2022.

In 2017, Nepal exported $4.12M to Bangladesh. The main products exported from Nepal to Bangladesh were Dried Legumes ($3.36M), Fake Hair ($220k), and Perfume Plants ($132k). During the last 5 years the exports of Nepal to Bangladesh have decreased at an annualized rate of 13.4%, from $9.78M in 2022 to $4.12M in 2017.

Exports from Bangladesh () to Nepal () (2022)

Exports from Nepal () to Bangladesh () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$11.7B

Nepal
Top DestinationIndia$956M

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

In 2022, countries that imported more from Bangladesh than Nepal included United States ($11.7B), Germany ($10.2B), and United Kingdom ($4.86B).

In 2022, countries that imported more from Nepal than Bangladesh included Central African Republic ($8.88M), Bhutan ($3.99M), and Russia ($1.31M).

Difference in imports from Nepal () and Bangladesh () (2022)

Comparative Advantage Bangladesh - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bangladesh had a large net trade with Nepal in the exports of Foodstuffs ($26.2M), Textiles ($10.6M), and Chemical Products ($6.79M).

During 2017, Nepal had a large net trade with Bangladesh in the exports of Vegetable Products ($3.52M), Foodstuffs ($277k), and Footwear and Headwear ($220k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Nepal+$1.66MPackaged Medicaments

Top Product Potential Nepal Bangladesh+$649kDried Legumes

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

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Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Nepal () (2022)

Exports from Nepal () to Bangladesh () (2022)

Market Competitiveness

Difference in imports from Nepal () and Bangladesh () (2022)

Comparative Advantage Bangladesh - Nepal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and Nepal () (2022)

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