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2023
Flag → Flag
Exports $94.8MRnk 46 / 138
2023
Flag → Flag
Top Product $17MPackaged Medicaments
2023
Flag → Flag
Exports $38.2MRnk 57 / 201
2023
Flag → Flag
Top Product $9.04MScrap Iron
2023
Flag
Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP GROWTH192%CURRENT US$
Rnk 3 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC $2,551CURRENT US$
Rnk 146 / 195
2013-2023
Flag
GDP PC GROWTH166%CURRENT US$
Rnk 2 / 195
2023
Flag
GDP PC$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Bangladesh-Philippines Trade: In 2023, Bangladesh exported $94.8M to Philippines. The main products that Bangladesh exported to Philippines were Packaged Medicaments ($17M), Knit T-shirts ($11M), and Non-Knit Men's Suits ($9.04M). Over the past 5 years the exports of Bangladesh to Philippines have increased at an annualized rate of 18.3%, from $40.9M in 2018 to $94.8M in 2023.

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

Philippines-Bangladesh Trade: In 2023, Philippines exported $38.2M to Bangladesh. The main products that Philippines exported to Bangladesh were Scrap Iron ($9.04M), Video Recording Equipment ($4.67M), and Other Uncoated Paper ($3.93M). Over the past 5 years the exports of Philippines to Bangladesh have increased at an annualized rate of 14.9%,  from $19.1M in 2018 to $38.2M in 2023.

In 2023, Philippines 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, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bangladesh exported $94.8M to Philippines. The main products exported from Bangladesh to Philippines were Packaged Medicaments ($17M), Knit T-shirts ($11M), and Non-Knit Men's Suits ($9.04M). During the last 5 years the exports of Bangladesh to Philippines have increased at an annualized rate of 18.3%, from $40.9M in 2018 to $94.8M in 2023.

In 2018, Philippines exported $38.2M to Bangladesh. The main products exported from Philippines to Bangladesh were Scrap Iron ($9.04M), Video Recording Equipment ($4.67M), and Other Uncoated Paper ($3.93M). During the last 5 years the exports of Philippines to Bangladesh have increased at an annualized rate of 14.9%, from $19.1M in 2023 to $38.2M in 2018.

Exports from Bangladesh (Flag) to Philippines (Flag) (2023)

Exports from Philippines (Flag) to Bangladesh (Flag) (2023)

Latest Data

Trade between Bangladesh (Flag) and Philippines (Flag)

Philippines Exports

Market Competitiveness

Color
Bangladesh
Top DestinationUnited States$8.58B
Philippines
Top DestinationChina$19B

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

In 2023, countries that imported more from Bangladesh than Philippines included Spain ($3.95B), Germany ($8.28B), and Poland ($3.04B).

In 2023, countries that imported more from Philippines than Bangladesh included China ($19B), Hong Kong ($11.7B), and Japan ($11.4B).

Difference in imports from Philippines (Flag) and Bangladesh (Flag) (2023)

Comparative Advantage Bangladesh - Philippines

Flow
Scale

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

During 2023, Bangladesh had a large net trade with Philippines in the exports of Textiles ($53.8M), Foodstuffs ($18.9M), and Chemical Products ($17.2M).

During 2018, Philippines had a large net trade with Bangladesh in the exports of Metals ($9.05M), Machines ($8.4M), and Foodstuffs ($5.64M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bangladesh Philippines+$7.08kKnit Sweaters
Top Product Potential Philippines Bangladesh+$7.92kIntegrated Circuits

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

This visualization shows the product space at the HS4 level with the flags of Bangladesh and Philippines. This means that a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Bangladesh.

Product Space of Bangladesh (Flag) and Philippines (Flag) (2023)

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