Bangladesh (BGD) and Peru (PER) Trade | The Observatory of Economic Complexity

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Bangladesh-Peru Trade: In 2022, Bangladesh exported $119M to Peru. The main products that Bangladesh exported to Peru were Knit T-shirts ($26M), Non-Knit Men's Suits ($19.3M), and Knit Sweaters ($15.3M). Over the past 5 years the exports of Bangladesh to Peru have increased at an annualized rate of 17.8%, from $52.2M in 2017 to $119M in 2022.

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

Peru-Bangladesh Trade: In 2022, Peru exported $27.4M to Bangladesh. The main products that Peru exported to Bangladesh were Raw Zinc ($23.6M), Scrap Iron ($962k), and Boron ($833k). Over the past 5 years the exports of Peru to Bangladesh have increased at an annualized rate of 51.8%, from $3.4M in 2017 to $27.4M in 2022.

In 2022, Peru 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, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bangladesh exported $119M to Peru. The main products exported from Bangladesh to Peru were Knit T-shirts ($26M), Non-Knit Men's Suits ($19.3M), and Knit Sweaters ($15.3M). During the last 5 years the exports of Bangladesh to Peru have increased at an annualized rate of 17.8%, from $52.2M in 2017 to $119M in 2022.

In 2017, Peru exported $27.4M to Bangladesh. The main products exported from Peru to Bangladesh were Raw Zinc ($23.6M), Scrap Iron ($962k), and Boron ($833k). During the last 5 years the exports of Peru to Bangladesh have increased at an annualized rate of 51.8%, from $3.4M in 2022 to $27.4M in 2017.

Exports from Bangladesh () to Peru () (2022)

Exports from Peru () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Peru ()

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$11.7B

Peru
Top DestinationChina$17.6B

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

In 2022, countries that imported more from Bangladesh than Peru included Germany ($10.2B), Poland ($3.53B), and United States ($11.7B).

In 2022, countries that imported more from Peru than Bangladesh included China ($17.6B), South Korea ($2.62B), and Chile ($1.85B).

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

Comparative Advantage Bangladesh - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bangladesh had a large net trade with Peru in the exports of Textiles ($113M), Footwear and Headwear ($4.29M), and Chemical Products ($1.01M).

During 2017, Peru had a large net trade with Bangladesh in the exports of Metals ($25.3M), Chemical Products ($1.52M), and Vegetable Products ($383k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Peru+$12.4MKnit T-shirts

Top Product Potential Peru Bangladesh+$915kScrap 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 Peru. This means that a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Peru. Similarly, a dot/product with the flag of Peru indicates it has a comparative advantage over Bangladesh.

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Peru () (2022)

Exports from Peru () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Peru ()

Peru Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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