Iran (IRN) and Bangladesh (BGD) Trade | The Observatory of Economic Complexity

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Iran-Bangladesh Trade: In 2022, Iran exported $110M to Bangladesh. The main products that Iran exported to Bangladesh were N/A. Over the past 5 years the exports of Iran to Bangladesh have increased at an annualized rate of 6.13%, from $81.8M in 2017 to $110M in 2022.

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

Bangladesh-Iran Trade: In 2022, Bangladesh exported $38.3M to Iran. The main products that Bangladesh exported to Iran were N/A. Over the past 5 years the exports of Bangladesh to Iran have decreased at an annualized rate of 5.18%, from $52.8M in 2017 to $38.3M in 2022.

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

Comparison: In 2023, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B). That same year, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iran exported $110M to Bangladesh. There were not main exports from Iran to Bangladesh in 2022. During the last 5 years the exports of Iran to Bangladesh have increased at an annualized rate of 6.13%, from $81.8M in 2017 to $110M in 2022.

In 2017, Bangladesh exported $38.3M to Iran. There were not main exports from Bangladesh to Iran in 2017. During the last 5 years the exports of Bangladesh to Iran have decreased at an annualized rate of 5.18%, from $52.8M in 2022 to $38.3M in 2017.

Exports from Iran () to Bangladesh () (2022)

Exports from Bangladesh () to Iran () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$4.59B

Bangladesh
Top DestinationUnited States$8.58B

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

In 2023, countries that imported more from Iran than Bangladesh included China ($4.59B), Turkey ($2.18B), and Pakistan ($943M).

In 2023, countries that imported more from Bangladesh than Iran included United States ($8.58B), Germany ($8.28B), and United Kingdom ($4.25B).

Difference in imports from Bangladesh () and Iran () (2023)

Comparative Advantage Iran - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iran had a large net trade with Bangladesh in the exports of .

During 2017, Bangladesh had a large net trade with Iran in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iran Bangladesh+$5.58kRefined Petroleum

Top Product Potential Bangladesh Iran+$3.83kNon-Knit Women'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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Iran () to Bangladesh () (2022)

Exports from Bangladesh () to Iran () (2022)

Market Competitiveness

Difference in imports from Bangladesh () and Iran () (2023)

Comparative Advantage Iran - Bangladesh

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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