2022
Flag  
GDP
$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH
43.7%CURRENT US$
Rnk 79 / 186
2022
Flag
 GDP
$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH
245%CURRENT US$
Rnk 2 / 186
2022
Flag
GDP PC 
$4,788CURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP PC GROWTH
30.5%CURRENT US$
Rnk 62 / 186
2022
Flag
GDP PC
$2,688CURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP PC GROWTH
207%CURRENT US$
Rnk 2 / 186

About

Indonesia-Bangladesh Trade: In 2022, Indonesia exported $3.89B to Bangladesh. The main products that Indonesia exported to Bangladesh were Palm Oil ($1.48B), Coal Briquettes ($1.1B), and Refined Petroleum ($217M). Over the past 5 years the exports of Indonesia to Bangladesh have increased at an annualized rate of 19.5%, from $1.6B in 2017 to $3.89B in 2022.

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

Bangladesh-Indonesia Trade: In 2022, Bangladesh exported $107M to Indonesia. The main products that Bangladesh exported to Indonesia were Knit T-shirts ($16.4M), Jute Yarn ($12.3M), and Non-Knit Women's Suits ($10.5M). Over the past 5 years the exports of Bangladesh to Indonesia have increased at an annualized rate of 6.93%,  from $71.7M in 2017 to $107M in 2022.

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

Comparison: In 2022,  Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B). 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, Indonesia exported $3.89B to Bangladesh. The main products exported from Indonesia to Bangladesh were Palm Oil ($1.48B), Coal Briquettes ($1.1B), and Refined Petroleum ($217M). During the last 5 years the exports of Indonesia to Bangladesh have increased at an annualized rate of 19.5%, from $1.6B in 2017 to $3.89B in 2022.

In 2017, Bangladesh exported $107M to Indonesia. The main products exported from Bangladesh to Indonesia were Knit T-shirts ($16.4M), Jute Yarn ($12.3M), and Non-Knit Women's Suits ($10.5M). During the last 5 years the exports of Bangladesh to Indonesia have increased at an annualized rate of 6.93%, from $71.7M in 2022 to $107M in 2017.

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

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

Latest Data

Trade between Indonesia (Flag) and Bangladesh (Flag)

Indonesia Exports

Market Competitiveness

Color
Indonesia
Top Destination
China$67.7B
Bangladesh
Top Destination
United States$11.7B

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

In 2022, countries that imported more from Indonesia than Bangladesh included China ($67.7B), Japan ($26.6B), and India ($25.3B).

In 2022, countries that imported more from Bangladesh than Indonesia included Germany ($10.2B), United Kingdom ($4.86B), and Poland ($3.53B).

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

Comparative Advantage Indonesia - Bangladesh

Flow
Scale

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

During 2022, Indonesia had a large net trade with Bangladesh in the exports of Animal and Vegetable Bi-Products ($1.51B), Mineral Products ($1.51B), and Textiles ($355M).

During 2017, Bangladesh had a large net trade with Indonesia in the exports of Textiles ($92.4M), Chemical Products ($3.2M), and Foodstuffs ($2.98M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Indonesia Bangladesh+$98.7MRefined Petroleum
Top Product Potential Bangladesh Indonesia+$19.2MKnit 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

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

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

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