Bangladesh (BGD) and Turkey (TUR) Trade | The Observatory of Economic Complexity

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Bangladesh-Turkey Trade: In 2023, Bangladesh exported $665M to Turkey. The main products that Bangladesh exported to Turkey were Jute Yarn ($148M), Non-Knit Women's Suits ($68.5M), and Knit Sweaters ($68M). Over the past 5 years the exports of Bangladesh to Turkey have increased at an annualized rate of 3.27%, from $566M in 2018 to $665M in 2023.

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

Turkey-Bangladesh Trade: In 2023, Turkey exported $402M to Bangladesh. The main products that Turkey exported to Bangladesh were Raw Cotton ($93.6M), Textile Processing Machines ($23.7M), and Dyeing Finishing Agents ($17.7M). Over the past 5 years the exports of Turkey to Bangladesh have decreased at an annualized rate of 2.19%, from $449M in 2018 to $402M in 2023.

In 2023, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $665M to Turkey. The main products exported from Bangladesh to Turkey were Jute Yarn ($148M), Non-Knit Women's Suits ($68.5M), and Knit Sweaters ($68M). During the last 5 years the exports of Bangladesh to Turkey have increased at an annualized rate of 3.27%, from $566M in 2018 to $665M in 2023.

In 2018, Turkey exported $402M to Bangladesh. The main products exported from Turkey to Bangladesh were Raw Cotton ($93.6M), Textile Processing Machines ($23.7M), and Dyeing Finishing Agents ($17.7M). During the last 5 years the exports of Turkey to Bangladesh have decreased at an annualized rate of 2.19%, from $449M in 2023 to $402M in 2018.

Exports from Bangladesh () to Turkey () (2023)

Exports from Turkey () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Turkey ()

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Turkey
Top DestinationGermany$24.7B

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 2023, countries that imported more from Bangladesh than Turkey included Japan ($1.55B), Burma ($25M), and Andorra ($10.1M).

In 2023, countries that imported more from Turkey than Bangladesh included Germany ($24.7B), United Arab Emirates ($14.7B), and Iraq ($12.8B).

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

Comparative Advantage Bangladesh - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Turkey in the exports of Textiles ($621M), Footwear and Headwear ($15.4M), and Foodstuffs ($10.8M).

During 2018, Turkey had a large net trade with Bangladesh in the exports of Textiles ($145M), Machines ($105M), and Chemical Products ($54.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Turkey () (2023)

Exports from Turkey () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Turkey ()

Turkey Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Turkey

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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