Greece (GRC) and Bangladesh (BGD) Trade | The Observatory of Economic Complexity

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Greece-Bangladesh Trade: In 2022, Greece exported $64.8M to Bangladesh. The main products that Greece exported to Bangladesh were Raw Cotton ($34.6M), Textile Processing Machines ($14.4M), and Integrated Circuits ($7.79M). Over the past 5 years the exports of Greece to Bangladesh have increased at an annualized rate of 14%, from $33.6M in 2017 to $64.8M in 2022.

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

Bangladesh-Greece Trade: In 2022, Bangladesh exported $110M to Greece. The main products that Bangladesh exported to Greece were Knit T-shirts ($25.8M), Non-Knit Men's Suits ($17.4M), and Knit Sweaters ($11.7M). Over the past 5 years the exports of Bangladesh to Greece have increased at an annualized rate of 4.55%, from $54M in 2017 to $110M in 2022.

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

Comparison: In 2022, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Greece exported $64.8M to Bangladesh. The main products exported from Greece to Bangladesh were Raw Cotton ($34.6M), Textile Processing Machines ($14.4M), and Integrated Circuits ($7.79M). During the last 5 years the exports of Greece to Bangladesh have increased at an annualized rate of 14%, from $33.6M in 2017 to $64.8M in 2022.

In 2017, Bangladesh exported $110M to Greece. The main products exported from Bangladesh to Greece were Knit T-shirts ($25.8M), Non-Knit Men's Suits ($17.4M), and Knit Sweaters ($11.7M). During the last 5 years the exports of Bangladesh to Greece have increased at an annualized rate of 4.55%, from $54M in 2022 to $110M in 2017.

Exports from Greece () to Bangladesh () (2022)

Exports from Bangladesh () to Greece () (2022)

Latest Data

Trade between Greece () and Bangladesh ()

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$5.82B

Bangladesh
Top DestinationUnited States$11.7B

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

In 2022, countries that imported more from Greece than Bangladesh included Italy ($5.82B), Bulgaria ($3.62B), and Cyprus ($2.92B).

In 2022, countries that imported more from Bangladesh than Greece included United States ($11.7B), Germany ($10.2B), and United Kingdom ($4.86B).

Difference in imports from Bangladesh () and Greece () (2022)

Comparative Advantage Greece - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Greece had a large net trade with Bangladesh in the exports of Textiles ($34.8M), Machines ($24.2M), and Paper Goods ($3.37M).

During 2017, Bangladesh had a large net trade with Greece in the exports of Textiles ($94.2M), Foodstuffs ($4.16M), and Animal Products ($2.72M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Greece Bangladesh+$6.02MRaw Cotton

Top Product Potential Bangladesh Greece+$18MKnit T-shirts

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

About

Historical Data

Bilateral Trade by Products

Exports from Greece () to Bangladesh () (2022)

Exports from Bangladesh () to Greece () (2022)

Latest Data

Trade between Greece () and Bangladesh ()

Greece Exports

Market Competitiveness

Difference in imports from Bangladesh () and Greece () (2022)

Comparative Advantage Greece - Bangladesh

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Greece () and Bangladesh () (2022)

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