Belarus (BLR) and Bangladesh (BGD) Trade | The Observatory of Economic Complexity

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Belarus-Bangladesh Trade: In 2021, Belarus exported $23.7M to Bangladesh. The main products that Belarus exported to Bangladesh were N/A. Over the past 5 years the exports of Belarus to Bangladesh have decreased at an annualized rate of 29.4%, from $135M in 2016 to $23.7M in 2021.

In 2014, Belarus exported services to Bangladesh worth $5.01k, with Government services, n.i.e. ($5k) and Insurance services ($9) being the largest in terms of value.

Bangladesh-Belarus Trade: In 2021, Bangladesh exported $24M to Belarus. The main products that Bangladesh exported to Belarus were N/A. Over the past 5 years the exports of Bangladesh to Belarus have increased at an annualized rate of 4.83%, from $18.1M in 2016 to $24M in 2021.

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

Comparison: In 2023, Belarus ranked 33 in the Economic Complexity Index (ECI 0.81), and 114 in total exports ($7.61B). That same year, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Belarus exported $23.7M to Bangladesh. There were not main exports from Belarus to Bangladesh in 2021. During the last 5 years the exports of Belarus to Bangladesh have decreased at an annualized rate of 29.4%, from $135M in 2016 to $23.7M in 2021.

In 2016, Bangladesh exported $24M to Belarus. There were not main exports from Bangladesh to Belarus in 2016. During the last 5 years the exports of Bangladesh to Belarus have increased at an annualized rate of 4.83%, from $18.1M in 2021 to $24M in 2016.

Exports from Belarus () to Bangladesh () (2021)

Exports from Bangladesh () to Belarus () (2021)

Latest Data

Trade between Belarus () and Bangladesh ()

Belarus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belarus
Top DestinationChina$2.6B

Bangladesh
Top DestinationUnited States$8.58B

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

In 2023, countries that imported more from Belarus than Bangladesh included China ($2.6B), Kazakhstan ($757M), and Uzbekistan ($509M).

In 2023, countries that imported more from Bangladesh than Belarus included United States ($8.58B), Germany ($8.28B), and United Kingdom ($4.25B).

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

Comparative Advantage Belarus - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

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

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

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Belarus Bangladesh+$4.69kPotassic Fertilizers

Top Product Potential Bangladesh Belarus+$3.53kNon-Knit Women's Suits

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 Belarus and Bangladesh. This means that a dot/product with the flag of Belarus indicates it has a comparative advantage over Bangladesh. Similarly, a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Belarus.

About

Historical Data

Bilateral Trade by Products

Exports from Belarus () to Bangladesh () (2021)

Exports from Bangladesh () to Belarus () (2021)

Latest Data

Trade between Belarus () and Bangladesh ()

Belarus Exports

Market Competitiveness

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

Comparative Advantage Belarus - Bangladesh

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Belarus () and Bangladesh () (2021)

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