Bangladesh (BGD) and New Zealand (NZL) Trade | The Observatory of Economic Complexity

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Bangladesh-New Zealand Trade: In 2022, Bangladesh exported $149M to New Zealand. The main products that Bangladesh exported to New Zealand were Knit T-shirts ($38.8M), Non-Knit Men's Suits ($20.4M), and Non-Knit Women's Suits ($16.5M). Over the past 5 years the exports of Bangladesh to New Zealand have increased at an annualized rate of 14.2%, from $76.8M in 2017 to $149M in 2022.

In 2022, Bangladesh did not export any services to New Zealand.

New Zealand-Bangladesh Trade: In 2022, New Zealand exported $380M to Bangladesh. The main products that New Zealand exported to Bangladesh were Concentrated Milk ($283M), Scrap Iron ($83.3M), and Butter ($4.29M). Over the past 5 years the exports of New Zealand to Bangladesh have increased at an annualized rate of 11.6%, from $219M in 2017 to $380M in 2022.

In 2022, New Zealand 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, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bangladesh exported $149M to New Zealand. The main products exported from Bangladesh to New Zealand were Knit T-shirts ($38.8M), Non-Knit Men's Suits ($20.4M), and Non-Knit Women's Suits ($16.5M). During the last 5 years the exports of Bangladesh to New Zealand have increased at an annualized rate of 14.2%, from $76.8M in 2017 to $149M in 2022.

In 2017, New Zealand exported $380M to Bangladesh. The main products exported from New Zealand to Bangladesh were Concentrated Milk ($283M), Scrap Iron ($83.3M), and Butter ($4.29M). During the last 5 years the exports of New Zealand to Bangladesh have increased at an annualized rate of 11.6%, from $219M in 2022 to $380M in 2017.

Exports from Bangladesh () to New Zealand () (2022)

Exports from New Zealand () to Bangladesh () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$11.7B

New Zealand
Top DestinationChina$13.1B

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

In 2022, countries that imported more from Bangladesh than New Zealand included Germany ($10.2B), United States ($11.7B), and Spain ($4.41B).

In 2022, countries that imported more from New Zealand than Bangladesh included China ($13.1B), Australia ($5.35B), and Indonesia ($1.33B).

Difference in imports from New Zealand () and Bangladesh () (2022)

Comparative Advantage Bangladesh - New Zealand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bangladesh had a large net trade with New Zealand in the exports of Textiles ($142M), Footwear and Headwear ($3.1M), and Foodstuffs ($802k).

During 2017, New Zealand had a large net trade with Bangladesh in the exports of Animal Products ($289M), Metals ($84.1M), and Vegetable Products ($1.86M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh New Zealand+$11.8MNon-Knit Women's Suits

Top Product Potential New Zealand Bangladesh+$1.55MApples and Pears

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

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to New Zealand () (2022)

Exports from New Zealand () to Bangladesh () (2022)

Market Competitiveness

Difference in imports from New Zealand () and Bangladesh () (2022)

Comparative Advantage Bangladesh - New Zealand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and New Zealand () (2022)

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