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2022
Flag → Flag
Exports $1.21BRnk 26 / 215
2022
Flag → Flag
Top Product $503MPotassic Fertilizers
2022
Flag → Flag
Exports $2.02BRnk 8 / 139
2022
Flag → Flag
Top Product $289MNon-Knit Men's Suits
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
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Economic Complexity (ECI) ECI -0.82Rnk 101 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
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 GDP$460BCURRENT US$
Rnk 34 / 186
2012-2022
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GDP GROWTH245%CURRENT US$
Rnk 2 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
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GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
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GDP PC$2,688CURRENT US$
Rnk 136 / 186
2012-2022
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GDP PC GROWTH207%CURRENT US$
Rnk 2 / 186

About

Canada-Bangladesh Trade: In 2022, Canada exported $1.21B to Bangladesh. The main products that Canada exported to Bangladesh were Potassic Fertilizers ($503M), Wheat ($397M), and Dried Legumes ($171M). Over the past 5 years the exports of Canada to Bangladesh have increased at an annualized rate of 16.7%, from $560M in 2017 to $1.21B in 2022.

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

Bangladesh-Canada Trade: In 2022, Bangladesh exported $2.02B to Canada. The main products that Bangladesh exported to Canada were Non-Knit Men's Suits ($289M), Knit Sweaters ($250M), and Non-Knit Women's Suits ($216M). Over the past 5 years the exports of Bangladesh to Canada have increased at an annualized rate of 9.71%,  from $1.27B in 2017 to $2.02B in 2022.

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

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$3.68M and imported C$226M from Bangladesh, resulting in a negative trade balance of C$223M. Between August 2023 and August 2024 the exports of Canada have decreased by C$-48.8M (-93%) from C$52.5M to C$3.68M, while imports increased by C$12.2M (5.72%) from C$214M to C$226M.

Trade In August 2024, the top exports of Canada to Bangladesh were Potassic Fertilizers (C$100M), Wheat (C$75.1M), Dried Legumes (C$11.1M), Tanks and Armored vehicles (C$2.25M), and Coated Flat-Rolled Iron (C$929k). In August 2024 the top imports of Canada from Bangladesh were Non-Knit Men's Suits (C$42.5M), Non-Knit Women's Suits (C$36.6M), Knit T-shirts (C$25.6M), Knit Sweaters (C$16.8M), and Non-Knit Men's Shirts (C$11.5M).

Origins In August 2024 the exports of Canada were mainly from Ontario (C$2.95M), British Columbia (C$440k), Alberta (C$217k), Quebec (C$62.9k), and Nova Scotia (C$10.9k), while imports destinations were mainly Ontario (C$86.2M), British Columbia (C$63.2M), Quebec (C$52.7M), Nova Scotia (C$19.5M), and Alberta (C$3.52M).

Growth In August 2024, the decrease in Canada's year-by-year exports to Bangladesh was explained primarily by an decrease in product exports in Gas and Liquid Flow Measuring Instruments (C$-822k or -99.4%), Sawn Wood (C$-161k or -66.1%), and Scrap Plastic (C$-100k or -77.3%). In August 2024, the increase in Canada's year-by-year imports  from Bangladesh was explained primarily by an increase in product imports  in Non-Knit Men's Suits (C$20.4M or 91.8%), Non-Knit Women's Suits (C$14.1M or 62.5%), and Non-Knit Men's Shirts (C$6.52M or 131%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)C$-48.8M(-93%)
IMPORT GROWTH (August 2023 - August 2024)C$12.2M(5.72%)
MAIN EXPORTER (August 2024)OntarioC$2.95M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Bangladesh and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bangladesh and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $1.21B to Bangladesh. The main products exported from Canada to Bangladesh were Potassic Fertilizers ($503M), Wheat ($397M), and Dried Legumes ($171M). During the last 5 years the exports of Canada to Bangladesh have increased at an annualized rate of 16.7%, from $560M in 2017 to $1.21B in 2022.

In 2017, Bangladesh exported $2.02B to Canada. The main products exported from Bangladesh to Canada were Non-Knit Men's Suits ($289M), Knit Sweaters ($250M), and Non-Knit Women's Suits ($216M). During the last 5 years the exports of Bangladesh to Canada have increased at an annualized rate of 9.71%, from $1.27B in 2022 to $2.02B in 2017.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Bangladesh
Top DestinationUnited States$11.7B

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

In 2022, countries that imported more from Canada than Bangladesh included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

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

Comparative Advantage Canada - Bangladesh

Flow
Scale

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

During 2022, Canada had a large net trade with Bangladesh in the exports of Vegetable Products ($656M), Chemical Products ($505M), and Metals ($23.1M).

During 2017, Bangladesh had a large net trade with Canada in the exports of Textiles ($1.86B), Footwear and Headwear ($113M), and Animal Hides ($13.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Bangladesh+$9.49MSoybeans
Top Product Potential Bangladesh Canada+$94.9MKnit Sweaters

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

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

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