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2023
Flag → Flag
Exports $466MRnk 22 / 138
2023
Flag → Flag
Top Product $77MKnit T-shirts
2023
Flag → Flag
Exports $636MRnk 45 / 182
2023
Flag → Flag
Top Product $190MMixed Mineral or Chemical Fertilizers
2023
Flag
Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP GROWTH192%CURRENT US$
Rnk 3 / 195
2023
Flag
 GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 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$32,094CURRENT US$
Rnk 44 / 196
2013-2023
Flag
GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195

About

Bangladesh-Saudi Arabia Trade: In 2023, Bangladesh exported $466M to Saudi Arabia. The main products that Bangladesh exported to Saudi Arabia were Knit T-shirts ($77M), Non-Knit Men's Suits ($51.7M), and Non-Knit Women's Suits ($39.1M). Over the past 5 years the exports of Bangladesh to Saudi Arabia have increased at an annualized rate of 5.23%, from $361M in 2018 to $466M in 2023.

In 2023, Bangladesh did not export any services to Saudi Arabia.

Saudi Arabia-Bangladesh Trade: In 2023, Saudi Arabia exported $636M to Bangladesh. The main products that Saudi Arabia exported to Bangladesh were Mixed Mineral or Chemical Fertilizers ($190M), Nitrogenous Fertilizers ($177M), and Ethylene Polymers ($86.2M). Over the past 5 years the exports of Saudi Arabia to Bangladesh have increased at an annualized rate of 0.32%,  from $626M in 2018 to $636M in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bangladesh exported $466M to Saudi Arabia. The main products exported from Bangladesh to Saudi Arabia were Knit T-shirts ($77M), Non-Knit Men's Suits ($51.7M), and Non-Knit Women's Suits ($39.1M). During the last 5 years the exports of Bangladesh to Saudi Arabia have increased at an annualized rate of 5.23%, from $361M in 2018 to $466M in 2023.

In 2018, Saudi Arabia exported $636M to Bangladesh. The main products exported from Saudi Arabia to Bangladesh were Mixed Mineral or Chemical Fertilizers ($190M), Nitrogenous Fertilizers ($177M), and Ethylene Polymers ($86.2M). During the last 5 years the exports of Saudi Arabia to Bangladesh have increased at an annualized rate of 0.32%, from $626M in 2023 to $636M in 2018.

Exports from Bangladesh (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to Bangladesh (Flag) (2023)

Latest Data

Trade between Bangladesh (Flag) and Saudi Arabia (Flag)

Saudi Arabia Exports

Market Competitiveness

Color
Bangladesh
Top DestinationUnited States$8.58B
Saudi Arabia
Top DestinationChina$64.4B

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

In 2023, countries that imported more from Bangladesh than Saudi Arabia included Germany ($8.28B), United Kingdom ($4.25B), and Czechia ($992M).

In 2023, countries that imported more from Saudi Arabia than Bangladesh included China ($64.4B), Japan ($34.7B), and India ($34.8B).

Difference in imports from Saudi Arabia (Flag) and Bangladesh (Flag) (2023)

Comparative Advantage Bangladesh - Saudi Arabia

Flow
Scale

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

During 2023, Bangladesh had a large net trade with Saudi Arabia in the exports of Textiles ($359M), Vegetable Products ($47.1M), and Foodstuffs ($29.4M).

During 2018, Saudi Arabia had a large net trade with Bangladesh in the exports of Chemical Products ($410M), Plastics and Rubbers ($165M), and Foodstuffs ($37.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bangladesh Saudi Arabia+$7.42kKnit T-shirts
Top Product Potential Saudi Arabia Bangladesh+$12.7kRefined 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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Economic Complexity

Competitive Landscape

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

Product Space of Bangladesh (Flag) and Saudi Arabia (Flag) (2023)

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