Bangladesh (BGD) and Philippines (PHL) Trade | The Observatory of Economic Complexity

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Bangladesh-Philippines Trade: In 2022, Bangladesh exported $110M to Philippines. The main products that Bangladesh exported to Philippines were Packaged Medicaments ($16M), Raw Tobacco ($12.4M), and Knit T-shirts ($10.1M). Over the past 5 years the exports of Bangladesh to Philippines have increased at an annualized rate of 22.2%, from $40.4M in 2017 to $110M in 2022.

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

Philippines-Bangladesh Trade: In 2022, Philippines exported $38.6M to Bangladesh. The main products that Philippines exported to Bangladesh were Scrap Iron ($12.3M), Concentrated Milk ($4.25M), and Malt Extract ($2.91M). Over the past 5 years the exports of Philippines to Bangladesh have increased at an annualized rate of 23.4%, from $13.5M in 2017 to $38.6M in 2022.

In 2022, Philippines 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, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bangladesh exported $110M to Philippines. The main products exported from Bangladesh to Philippines were Packaged Medicaments ($16M), Raw Tobacco ($12.4M), and Knit T-shirts ($10.1M). During the last 5 years the exports of Bangladesh to Philippines have increased at an annualized rate of 22.2%, from $40.4M in 2017 to $110M in 2022.

In 2017, Philippines exported $38.6M to Bangladesh. The main products exported from Philippines to Bangladesh were Scrap Iron ($12.3M), Concentrated Milk ($4.25M), and Malt Extract ($2.91M). During the last 5 years the exports of Philippines to Bangladesh have increased at an annualized rate of 23.4%, from $13.5M in 2022 to $38.6M in 2017.

Exports from Bangladesh () to Philippines () (2022)

Exports from Philippines () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Philippines ()

Philippines Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$11.7B

Philippines
Top DestinationUnited States$15.5B

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 2022, countries that imported more from Bangladesh than Philippines included Germany ($10.2B), Spain ($4.41B), and Poland ($3.53B).

In 2022, countries that imported more from Philippines than Bangladesh included China ($15.3B), Hong Kong ($12.6B), and Japan ($11.3B).

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

Comparative Advantage Bangladesh - Philippines

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bangladesh had a large net trade with Philippines in the exports of Textiles ($49.9M), Foodstuffs ($22M), and Chemical Products ($16.3M).

During 2017, Philippines had a large net trade with Bangladesh in the exports of Metals ($12.5M), Foodstuffs ($8.04M), and Animal Products ($4.25M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Philippines () (2022)

Exports from Philippines () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Philippines ()

Philippines Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Philippines

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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