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2022
Flag → Flag
Exports $13.8BRnk 5 / 217
2022
Flag → Flag
Top Product $1.37BRefined Petroleum
2022
Flag → Flag
Exports $2BRnk 10 / 139
2022
Flag → Flag
Top Product $195MNon-Knit Men's Suits
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.82Rnk 101 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH245%CURRENT US$
Rnk 2 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$2,688CURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP PC GROWTH207%CURRENT US$
Rnk 2 / 186

About

India-Bangladesh Trade: In 2022, India exported $13.8B to Bangladesh. The main products that India exported to Bangladesh were Refined Petroleum ($1.37B), Non-Retail Pure Cotton Yarn ($1.37B), and Raw Cotton ($942M). Over the past 5 years the exports of India to Bangladesh have increased at an annualized rate of 14%, from $7.17B in 2017 to $13.8B in 2022.

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

Bangladesh-India Trade: In 2022, Bangladesh exported $2B to India. The main products that Bangladesh exported to India were Non-Knit Men's Suits ($195M), Other Pure Vegetable Oils ($163M), and Textile Scraps ($133M). Over the past 5 years the exports of Bangladesh to India have increased at an annualized rate of 27.7%,  from $589M in 2017 to $2B in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Latest Trends

July, 2024

About

Overview In July 2024, India exported $804M and imported $168M from Bangladesh, resulting in a positive trade balance of $635M. Between July 2023 and July 2024 the exports of India have increased by $81.3M (11.3%) from $722M to $804M, while imports increased by $8.62M (5.4%) from $160M to $168M.

Trade In July 2024, the top exports of India to Bangladesh were Sugar ($95.1M), Cotton Yarn ($71.4M), Cotton Raw Incld. Waste ($48.9M), Other Cereals ($43.3M), and Cotton Fabrics, Madeups Etc. ($40.1M). In July 2024 the top imports of India from Bangladesh were Rmg Cotton Incl Accessories ($54.2M), Cotton Fabrics, Madeups Etc. ($12.4M), Other Commodities ($8.23M), Rmg Manmade Fibres ($6.92M), and Spices ($6.64M).

Growth In July 2024, the increase in India's year-by-year exports to Bangladesh was explained primarily by an increase in product exports in Oil Meals ($21.5M or 525%), Rice(Other Than Basmoti) ($15.3M or 446%), and Misc Processed Items ($9.89M or 113%). In July 2024, the increase in India's year-by-year imports  from Bangladesh was explained primarily by an increase in product imports  in Rmg Cotton Incl Accessories ($21.2M or 64.3%), Plastic Raw Materials ($4.46M or 493%), and Marine Products ($3.53M or 183%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)$81.3M(11.3%)
IMPORT GROWTH (July 2023 - July 2024)$8.62M(5.4%)

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

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

For full datasets download visit Bulk Download page.

Explore Bangladesh and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $13.8B to Bangladesh. The main products exported from India to Bangladesh were Refined Petroleum ($1.37B), Non-Retail Pure Cotton Yarn ($1.37B), and Raw Cotton ($942M). During the last 5 years the exports of India to Bangladesh have increased at an annualized rate of 14%, from $7.17B in 2017 to $13.8B in 2022.

In 2017, Bangladesh exported $2B to India. The main products exported from Bangladesh to India were Non-Knit Men's Suits ($195M), Other Pure Vegetable Oils ($163M), and Textile Scraps ($133M). During the last 5 years the exports of Bangladesh to India have increased at an annualized rate of 27.7%, from $589M in 2022 to $2B in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Bangladesh
Top DestinationUnited States$11.7B

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

In 2022, countries that imported more from India than Bangladesh included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Bangladesh than India included Poland ($3.53B), Slovakia ($472M), and Denmark ($1.28B).

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

Comparative Advantage India - Bangladesh

Flow
Scale

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

During 2022, India had a large net trade with Bangladesh in the exports of Textiles ($3.49B), Mineral Products ($2.26B), and Vegetable Products ($2.2B).

During 2017, Bangladesh had a large net trade with India in the exports of Textiles ($1.16B), Animal and Vegetable Bi-Products ($185M), and Animal Hides ($108M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Bangladesh+$1.45BRefined Petroleum
Top Product Potential Bangladesh India+$156MNon-Knit Men'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 India and Bangladesh. This means that a dot/product with the flag of India indicates it has a comparative advantage over Bangladesh. Similarly, a dot/product with the flag of Bangladesh indicates it has a comparative advantage over India.

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

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