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2023
Flag → Flag
Exports $11.3BRnk 7 / 220
2023
Flag → Flag
Top Product $1.42BElectricity
2023
Flag → Flag
Exports $1.89BRnk 7 / 138
2023
Flag → Flag
Top Product $219MNon-Knit Men's Suits
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP GROWTH192%CURRENT US$
Rnk 3 / 195
2023
Flag
GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$2,551CURRENT US$
Rnk 146 / 196
2013-2023
Flag
GDP PC GROWTH166%CURRENT US$
Rnk 2 / 195

About

India-Bangladesh Trade: In 2023, India exported $11.3B to Bangladesh. The main products that India exported to Bangladesh were Electricity ($1.42B), Non-Retail Pure Cotton Yarn ($1.2B), and Refined Petroleum ($723M). Over the past 5 years the exports of India to Bangladesh have increased at an annualized rate of 5.17%, from $8.74B in 2018 to $11.3B in 2023.

In 2023, India did not export any services to Bangladesh.

Bangladesh-India Trade: In 2023, Bangladesh exported $1.89B to India. The main products that Bangladesh exported to India were Non-Knit Men's Suits ($219M), Planes, Helicopters, and/or Spacecraft ($172M), and Textile Scraps ($113M). Over the past 5 years the exports of Bangladesh to India have increased at an annualized rate of 16.2%,  from $894M in 2018 to $1.89B in 2023.

In 2023, Bangladesh did not export any services to India.

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). 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, India exported $872M and imported $165M from Bangladesh, resulting in a positive trade balance of $707M. Between November 2023 and November 2024 the exports of India have decreased by $-105M (-10.8%) from $977M to $872M, while imports increased by $31.9M (23.9%) from $133M to $165M.

Trade In November 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 November 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 November 2024, the decrease in India's year-by-year exports to Bangladesh was explained primarily by an decrease in product exports in Petroleum Products ($-244M or -95.7%), Cotton Raw Incld. Waste ($-216M or -81.5%), and Cotton Yarn ($-161M or -69.3%). In November 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 (November 2023 - November 2024)$-105M(-10.8%)
IMPORT GROWTH (November 2023 - November 2024)$31.9M(23.9%)

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 2023, India exported $11.3B to Bangladesh. The main products exported from India to Bangladesh were Electricity ($1.42B), Non-Retail Pure Cotton Yarn ($1.2B), and Refined Petroleum ($723M). During the last 5 years the exports of India to Bangladesh have increased at an annualized rate of 5.17%, from $8.74B in 2018 to $11.3B in 2023.

In 2018, Bangladesh exported $1.89B to India. The main products exported from Bangladesh to India were Non-Knit Men's Suits ($219M), Planes, Helicopters, and/or Spacecraft ($172M), and Textile Scraps ($113M). During the last 5 years the exports of Bangladesh to India have increased at an annualized rate of 16.2%, from $894M in 2023 to $1.89B in 2018.

Exports from India (Flag) to Bangladesh (Flag) (2023)

Exports from Bangladesh (Flag) to India (Flag) (2023)

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Bangladesh
Top DestinationUnited States$8.58B

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 2023, countries that imported more from India than Bangladesh included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, countries that imported more from Bangladesh than India included Andorra ($10.1M).

Difference in imports from Bangladesh (Flag) and India (Flag) (2023)

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 2023, India had a large net trade with Bangladesh in the exports of Textiles ($2.64B), Mineral Products ($2.45B), and Foodstuffs ($1.21B).

During 2018, Bangladesh had a large net trade with India in the exports of Textiles ($1.13B), Transportation ($173M), and Animal Hides ($114M).

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) (2023)

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