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2023
Flag → Flag
Exports $604MRnk 60 / 223
2023
Flag → Flag
Top Product $197MScrap Iron
2023
Flag → Flag
Exports $4.25BRnk 3 / 138
2023
Flag → Flag
Top Product $696MKnit T-shirts
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
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Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
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GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
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GDP GROWTH192%CURRENT US$
Rnk 3 / 195
2023
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GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
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GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
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GDP PC$2,551CURRENT US$
Rnk 146 / 196
2013-2023
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GDP PC GROWTH166%CURRENT US$
Rnk 2 / 195

About

United Kingdom-Bangladesh Trade: In 2023, United Kingdom exported $604M to Bangladesh. The main products that United Kingdom exported to Bangladesh were Scrap Iron ($197M), Gas Turbines ($120M), and Electric Generating Sets ($31.2M). Over the past 5 years the exports of United Kingdom to Bangladesh have increased at an annualized rate of 8.84%, from $396M in 2018 to $604M in 2023.

In 2023, United Kingdom did not export any services to Bangladesh.

Bangladesh-United Kingdom Trade: In 2023, Bangladesh exported $4.25B to United Kingdom. The main products that Bangladesh exported to United Kingdom were Knit T-shirts ($696M), Knit Sweaters ($548M), and Non-Knit Women's Suits ($465M). Over the past 5 years the exports of Bangladesh to United Kingdom have increased at an annualized rate of 2.73%,  from $3.72B in 2018 to $4.25B in 2023.

In 2023, Bangladesh did not export any services to United Kingdom.

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). That same year, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B).

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £9.97M and imported £274M from Bangladesh, resulting in a negative trade balance of £264M. Between November 2023 and November 2024 the exports of United Kingdom have decreased by £-49.5M (-83.2%) from £59.4M to £9.97M, while imports increased by £39.1M (16.6%) from £235M to £274M.

Trade In November 2024, the top exports of United Kingdom to Bangladesh were Electric Generating Sets (£2.33M), Scrap Iron (£711k), Concentrated Milk (£603k), Steam Boilers (£566k), and Plastic Housewares (£248k). In November 2024 the top imports of United Kingdom from Bangladesh were Knit T-shirts (£50.6M), Non-Knit Men's Suits (£34.2M), Non-Knit Women's Suits (£32.5M), Knit Women's Suits (£30.8M), and Knit Sweaters (£30.3M).

Origins In November 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£3.7M), London Gateway (£1.97M), Felixstowe (£1.28M), Southampton (£1.07M), and Belfast (£743k), while imports destinations were mainly Felixstowe (£106M), London Gateway (£49.4M), Southampton (£21.2M), and London Heathrow Airport (£10.1M).

Growth In November 2024, the decrease in United Kingdom's year-by-year exports to Bangladesh was explained primarily by an decrease in product exports in Scrap Iron (£-20.4M or -96.6%), Air Pumps (£-726k or -77.2%), and Cars (£-547k or -76.5%). In November 2024, the increase in United Kingdom's year-by-year imports  from Bangladesh was explained primarily by an increase in product imports  in Non-Knit Men's Suits (£12.8M or 60.1%), Knit T-shirts (£11.2M or 28.6%), and Non-Knit Men's Shirts (£5.04M or 54.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£-49.5M(-83.2%)
IMPORT GROWTH (November 2023 - November 2024)£39.1M(16.6%)
MAIN EXPORTER (November 2024)London Heathrow Airport£3.7M

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

To check Bangladesh and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bangladesh and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $604M to Bangladesh. The main products exported from United Kingdom to Bangladesh were Scrap Iron ($197M), Gas Turbines ($120M), and Electric Generating Sets ($31.2M). During the last 5 years the exports of United Kingdom to Bangladesh have increased at an annualized rate of 8.84%, from $396M in 2018 to $604M in 2023.

In 2018, Bangladesh exported $4.25B to United Kingdom. The main products exported from Bangladesh to United Kingdom were Knit T-shirts ($696M), Knit Sweaters ($548M), and Non-Knit Women's Suits ($465M). During the last 5 years the exports of Bangladesh to United Kingdom have increased at an annualized rate of 2.73%, from $3.72B in 2023 to $4.25B in 2018.

Exports from United Kingdom (Flag) to Bangladesh (Flag) (2023)

Exports from Bangladesh (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Bangladesh
Top DestinationUnited States$8.58B

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

In 2023, countries that imported more from United Kingdom than Bangladesh included United States ($59.7B), China ($35.3B), and Ireland ($29.1B).

In 2023, no countries were registered that imported more from Bangladesh than from United Kingdom.

Difference in imports from Bangladesh (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Bangladesh

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Bangladesh in the exports of Machines ($228M), Metals ($207M), and Textiles ($66.5M).

During 2018, Bangladesh had a large net trade with United Kingdom in the exports of Textiles ($4.05B), Animal Products ($49.8M), and Footwear and Headwear ($42.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Bangladesh+$20.1MCars
Top Product Potential Bangladesh United Kingdom+$115MKnit 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 United Kingdom and Bangladesh. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Bangladesh. Similarly, a dot/product with the flag of Bangladesh indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Bangladesh (Flag) (2023)

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