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2021
Flag → Flag
Exports $1.27BRnk 167 / 0
2021
Flag → Flag
Exports $1.72BRnk 88 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.82Rnk 101 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag  
GDP$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH245%CURRENT US$
Rnk 2 / 186
2022
Flag
 GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
GDP PC $2,688CURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP PC GROWTH207%CURRENT US$
Rnk 2 / 186
2022
Flag
GDP PC$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

About

Bangladesh-Russia Trade: In 2021, Bangladesh exported $1.27B to Russia. The main products that Bangladesh exported to Russia were N/A. Over the past 5 years the exports of Bangladesh to Russia have increased at an annualized rate of 13%, from $690M in 2016 to $1.27B in 2021.

In 2021, Bangladesh did not export any services to Russia.

Russia-Bangladesh Trade: In 2021, Russia exported $1.72B to Bangladesh. The main products that Russia exported to Bangladesh were N/A. Over the past 5 years the exports of Russia to Bangladesh have increased at an annualized rate of 25.2%,  from $560M in 2016 to $1.72B in 2021.

In 2020, Russia exported services to Bangladesh worth $819M, with Construction services ($697M), Other business services ($113M), and Insurance services ($4.69M) being the largest in terms of value.

Comparison: In 2022,  Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B). That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Bangladesh exported $1.27B to Russia. There were not main exports from Bangladesh to Russia in 2021. During the last 5 years the exports of Bangladesh to Russia have increased at an annualized rate of 13%, from $690M in 2016 to $1.27B in 2021.

In 2016, Russia exported $1.72B to Bangladesh. There were not main exports from Russia to Bangladesh in 2016. During the last 5 years the exports of Russia to Bangladesh have increased at an annualized rate of 25.2%, from $560M in 2021 to $1.72B in 2016.

Exports from Bangladesh (Flag) to Russia (Flag) (2021)

Exports from Russia (Flag) to Bangladesh (Flag) (2021)

Latest Data

Trade between Bangladesh (Flag) and Russia (Flag)

Russia Exports

Market Competitiveness

Color
Bangladesh
Top DestinationUnited States$11.7B
Russia
Top DestinationChina$101B

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

In 2022, countries that imported more from Bangladesh than Russia included Canada ($2.02B), Australia ($1.07B), and Denmark ($1.28B).

In 2022, countries that imported more from Russia than Bangladesh included China ($101B), India ($40.4B), and Turkey ($25.3B).

Difference in imports from Russia (Flag) and Bangladesh (Flag) (2022)

Comparative Advantage Bangladesh - Russia

Flow
Scale

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

During 2021, Bangladesh had a large net trade with Russia in the exports of .

During 2016, Russia had a large net trade with Bangladesh in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bangladesh Russia+$7.99kNon-Knit Women's Suits
Top Product Potential Russia Bangladesh+$14.5kRefined Petroleum

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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Bilateral Service Trade

In 2020, Russia exported services to Bangladesh worth $819M, with Construction services ($697M), Other business services ($113M), and Insurance services ($4.69M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Bangladesh (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Bangladesh (Flag) and Russia (Flag) (2021)

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