Bangladesh (BGD) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Bangladesh-Thailand Trade: In 2022, Bangladesh exported $84M to Thailand. The main products that Bangladesh exported to Thailand were Processed Crustaceans ($16.3M), Knit T-shirts ($11.8M), and Non-Knit Men's Suits ($8.57M). Over the past 5 years the exports of Bangladesh to Thailand have increased at an annualized rate of 6.67%, from $60.9M in 2017 to $84M in 2022.

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

Thailand-Bangladesh Trade: In 2022, Thailand exported $1.11B to Bangladesh. The main products that Thailand exported to Bangladesh were Cement ($126M), Refined Petroleum ($78.4M), and Propylene Polymers ($47.1M). Over the past 5 years the exports of Thailand to Bangladesh have decreased at an annualized rate of 2.48%, from $1.26B in 2017 to $1.11B in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bangladesh exported $84M to Thailand. The main products exported from Bangladesh to Thailand were Processed Crustaceans ($16.3M), Knit T-shirts ($11.8M), and Non-Knit Men's Suits ($8.57M). During the last 5 years the exports of Bangladesh to Thailand have increased at an annualized rate of 6.67%, from $60.9M in 2017 to $84M in 2022.

In 2017, Thailand exported $1.11B to Bangladesh. The main products exported from Thailand to Bangladesh were Cement ($126M), Refined Petroleum ($78.4M), and Propylene Polymers ($47.1M). During the last 5 years the exports of Thailand to Bangladesh have decreased at an annualized rate of 2.48%, from $1.26B in 2022 to $1.11B in 2017.

Exports from Bangladesh () to Thailand () (2022)

Exports from Thailand () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Thailand ()

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$11.7B

Thailand
Top DestinationUnited States$53.4B

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

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

In 2022, countries that imported more from Thailand than Bangladesh included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

Comparative Advantage Bangladesh - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bangladesh had a large net trade with Thailand in the exports of Textiles ($51.8M), Foodstuffs ($16.7M), and Metals ($6.02M).

During 2017, Thailand had a large net trade with Bangladesh in the exports of Mineral Products ($250M), Textiles ($225M), and Plastics and Rubbers ($180M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Thailand+$18.7MKnit T-shirts

Top Product Potential Thailand Bangladesh+$96.5MRefined 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Thailand () (2022)

Exports from Thailand () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Thailand ()

Thailand Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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