Peru (PER) and Bangladesh (BGD) Trade | The Observatory of Economic Complexity

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Peru-Bangladesh Trade: In 2023, Peru exported $22M to Bangladesh. The main products that Peru exported to Bangladesh were Raw Zinc ($18.7M), Scrap Iron ($745k), and Perfume Plants ($647k). Over the past 5 years the exports of Peru to Bangladesh have increased at an annualized rate of 56.3%, from $2.35M in 2018 to $22M in 2023.

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

Bangladesh-Peru Trade: In 2023, Bangladesh exported $106M to Peru. The main products that Bangladesh exported to Peru were Knit T-shirts ($18.6M), Non-Knit Men's Suits ($18.2M), and Knit Sweaters ($13.5M). Over the past 5 years the exports of Bangladesh to Peru have increased at an annualized rate of 8.43%, from $70.7M in 2018 to $106M in 2023.

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

Comparison: In 2023, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B). 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 2023, Peru exported $22M to Bangladesh. The main products exported from Peru to Bangladesh were Raw Zinc ($18.7M), Scrap Iron ($745k), and Perfume Plants ($647k). During the last 5 years the exports of Peru to Bangladesh have increased at an annualized rate of 56.3%, from $2.35M in 2018 to $22M in 2023.

In 2018, Bangladesh exported $106M to Peru. The main products exported from Bangladesh to Peru were Knit T-shirts ($18.6M), Non-Knit Men's Suits ($18.2M), and Knit Sweaters ($13.5M). During the last 5 years the exports of Bangladesh to Peru have increased at an annualized rate of 8.43%, from $70.7M in 2023 to $106M in 2018.

Exports from Peru () to Bangladesh () (2023)

Exports from Bangladesh () to Peru () (2023)

Latest Data

Trade between Peru () and Bangladesh ()

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$22.5B

Bangladesh
Top DestinationUnited States$8.58B

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

In 2023, countries that imported more from Peru than Bangladesh included China ($22.5B), South Korea ($2.34B), and Chile ($1.92B).

In 2023, countries that imported more from Bangladesh than Peru included Germany ($8.28B), Poland ($3.04B), and United Kingdom ($4.25B).

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

Comparative Advantage Peru - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Peru had a large net trade with Bangladesh in the exports of Metals ($19.8M), Chemical Products ($1.12M), and Vegetable Products ($735k).

During 2018, Bangladesh had a large net trade with Peru in the exports of Textiles ($98.4M), Footwear and Headwear ($5.17M), and Chemical Products ($1.01M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Bangladesh+$915kScrap Iron

Top Product Potential Bangladesh Peru+$12.4MKnit 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 Peru and Bangladesh. This means that a dot/product with the flag of Peru indicates it has a comparative advantage over Bangladesh. Similarly, a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Peru.

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Bangladesh () (2023)

Exports from Bangladesh () to Peru () (2023)

Latest Data

Trade between Peru () and Bangladesh ()

Peru Exports

Market Competitiveness

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

Comparative Advantage Peru - Bangladesh

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Peru () and Bangladesh () (2023)

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