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2022
Flag → Flag
Exports $641MRnk 20 / 139
2022
Flag → Flag
Top Product $198MJute Yarn
2022
Flag → Flag
Exports $492MRnk 78 / 219
2022
Flag → Flag
Top Product $52.6MRaw Cotton
2022
Flag
Economic Complexity (ECI) ECI -0.82Rnk 101 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH245%CURRENT US$
Rnk 2 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 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$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Bangladesh-Turkey Trade: In 2022, Bangladesh exported $641M to Turkey. The main products that Bangladesh exported to Turkey were Jute Yarn ($198M), Knit Sweaters ($67.4M), and Non-Knit Women's Suits ($50.5M). Over the past 5 years the exports of Bangladesh to Turkey have decreased at an annualized rate of 2.91%, from $743M in 2017 to $641M in 2022.

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

Turkey-Bangladesh Trade: In 2022, Turkey exported $492M to Bangladesh. The main products that Turkey exported to Bangladesh were Raw Cotton ($52.6M), Textile Processing Machines ($47.2M), and Non-Retail Pure Cotton Yarn ($23.1M). Over the past 5 years the exports of Turkey to Bangladesh have increased at an annualized rate of 8.37%,  from $329M in 2017 to $492M in 2022.

In 2022, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bangladesh exported $641M to Turkey. The main products exported from Bangladesh to Turkey were Jute Yarn ($198M), Knit Sweaters ($67.4M), and Non-Knit Women's Suits ($50.5M). During the last 5 years the exports of Bangladesh to Turkey have decreased at an annualized rate of 2.91%, from $743M in 2017 to $641M in 2022.

In 2017, Turkey exported $492M to Bangladesh. The main products exported from Turkey to Bangladesh were Raw Cotton ($52.6M), Textile Processing Machines ($47.2M), and Non-Retail Pure Cotton Yarn ($23.1M). During the last 5 years the exports of Turkey to Bangladesh have increased at an annualized rate of 8.37%, from $329M in 2022 to $492M in 2017.

Exports from Bangladesh (Flag) to Turkey (Flag) (2022)

Exports from Turkey (Flag) to Bangladesh (Flag) (2022)

Latest Data

Trade between Bangladesh (Flag) and Turkey (Flag)

Turkey Exports

Market Competitiveness

Color
Bangladesh
Top DestinationUnited States$11.7B
Turkey
Top DestinationGermany$21.9B

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

In 2022, countries that imported more from Bangladesh than Turkey included Japan ($1.69B), Australia ($1.07B), and Canada ($2.02B).

In 2022, countries that imported more from Turkey than Bangladesh included Iraq ($13.7B), Germany ($21.9B), and Italy ($12.6B).

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

Comparative Advantage Bangladesh - Turkey

Flow
Scale

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

During 2022, Bangladesh had a large net trade with Turkey in the exports of Textiles ($594M), Footwear and Headwear ($16.7M), and Foodstuffs ($11.7M).

During 2017, Turkey had a large net trade with Bangladesh in the exports of Machines ($173M), Textiles ($115M), and Chemical Products ($62.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bangladesh Turkey+$41.6MKnit Sweaters
Top Product Potential Turkey Bangladesh+$13.8MRefined 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 Turkey. This means that a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Turkey. Similarly, a dot/product with the flag of Turkey indicates it has a comparative advantage over Bangladesh.

Product Space of Bangladesh (Flag) and Turkey (Flag) (2022)

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