2022
Flag  
GDP
$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH
5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP
$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH
245%CURRENT US$
Rnk 2 / 186
2022
Flag
GDP PC 
$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH
3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC
$2,688CURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP PC GROWTH
207%CURRENT US$
Rnk 2 / 186

About

Spain-Bangladesh Trade: In 2022, Spain exported $207M to Bangladesh. The main products that Spain exported to Bangladesh were Planes, Helicopters, and/or Spacecraft ($33.5M), Prepared Pigments ($19.3M), and Non-Mechanical Removal Machinery ($11.1M). Over the past 5 years the exports of Spain to Bangladesh have increased at an annualized rate of 5.46%, from $159M in 2017 to $207M in 2022.

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

Bangladesh-Spain Trade: In 2022, Bangladesh exported $4.41B to Spain. The main products that Bangladesh exported to Spain were Knit T-shirts ($834M), Non-Knit Women's Suits ($695M), and Knit Sweaters ($634M). Over the past 5 years the exports of Bangladesh to Spain have increased at an annualized rate of 5.88%,  from $2.79B in 2017 to $4.41B in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $207M to Bangladesh. The main products exported from Spain to Bangladesh were Planes, Helicopters, and/or Spacecraft ($33.5M), Prepared Pigments ($19.3M), and Non-Mechanical Removal Machinery ($11.1M). During the last 5 years the exports of Spain to Bangladesh have increased at an annualized rate of 5.46%, from $159M in 2017 to $207M in 2022.

In 2017, Bangladesh exported $4.41B to Spain. The main products exported from Bangladesh to Spain were Knit T-shirts ($834M), Non-Knit Women's Suits ($695M), and Knit Sweaters ($634M). During the last 5 years the exports of Bangladesh to Spain have increased at an annualized rate of 5.88%, from $2.79B in 2022 to $4.41B in 2017.

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

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

Market Competitiveness

Color
Spain
Top Destination
France$65.2B
Bangladesh
Top Destination
United States$11.7B

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

In 2022, countries that imported more from Spain than Bangladesh included France ($65.2B), Portugal ($34.9B), and Italy ($32.1B).

In 2022, countries that imported more from Bangladesh than Spain included Nepal ($55.1M), Burma ($36.5M), and Timor-Leste ($777k).

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

Comparative Advantage Spain - Bangladesh

Flow
Scale

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

During 2022, Spain had a large net trade with Bangladesh in the exports of Chemical Products ($62M), Machines ($53.1M), and Transportation ($33.9M).

During 2017, Bangladesh had a large net trade with Spain in the exports of Textiles ($4.28B), Footwear and Headwear ($56.5M), and Animal Hides ($22.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Bangladesh+$5.3MVaccines, blood, antisera, toxins and cultures
Top Product Potential Bangladesh Spain+$129MNon-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

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

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

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