Bangladesh (BGD) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Bangladesh-Portugal Trade: In 2023, Bangladesh exported $115M to Portugal. The main products that Bangladesh exported to Portugal were Knit T-shirts ($24.3M), Knit Sweaters ($22.2M), and Non-Knit Men's Suits ($15.8M). Over the past 5 years the exports of Bangladesh to Portugal have increased at an annualized rate of 3.25%, from $98M in 2018 to $115M in 2023.

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

Portugal-Bangladesh Trade: In 2023, Portugal exported $18.2M to Bangladesh. The main products that Portugal exported to Bangladesh were Centrifuges ($2.75M), Stranded Iron Wire ($2.74M), and Industrial Printers ($1.94M). Over the past 5 years the exports of Portugal to Bangladesh have decreased at an annualized rate of 0.2%, from $18.4M in 2018 to $18.2M in 2023.

In 2023, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $115M to Portugal. The main products exported from Bangladesh to Portugal were Knit T-shirts ($24.3M), Knit Sweaters ($22.2M), and Non-Knit Men's Suits ($15.8M). During the last 5 years the exports of Bangladesh to Portugal have increased at an annualized rate of 3.25%, from $98M in 2018 to $115M in 2023.

In 2018, Portugal exported $18.2M to Bangladesh. The main products exported from Portugal to Bangladesh were Centrifuges ($2.75M), Stranded Iron Wire ($2.74M), and Industrial Printers ($1.94M). During the last 5 years the exports of Portugal to Bangladesh have decreased at an annualized rate of 0.2%, from $18.4M in 2023 to $18.2M in 2018.

Exports from Bangladesh () to Portugal () (2023)

Exports from Portugal () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Portugal ()

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Bangladesh than Portugal included United States ($8.58B), Poland ($3.04B), and India ($1.89B).

In 2023, countries that imported more from Portugal than Bangladesh included Spain ($17.7B), France ($9.19B), and Italy ($3.83B).

Difference in imports from Portugal () and Bangladesh () (2023)

Comparative Advantage Bangladesh - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Portugal in the exports of Textiles ($103M), Animal Products ($6.38M), and Animal Hides ($2.45M).

During 2018, Portugal had a large net trade with Bangladesh in the exports of Machines ($7.04M), Metals ($4.55M), and Chemical Products ($2.65M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Portugal+$20MKnit Sweaters

Top Product Potential Portugal Bangladesh+$1.72MCentrifuges

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

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Portugal () (2023)

Exports from Portugal () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Portugal ()

Portugal Exports

Market Competitiveness

Difference in imports from Portugal () and Bangladesh () (2023)

Comparative Advantage Bangladesh - Portugal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and Portugal () (2023)

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