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2022
Flag → Flag
Exports $18.5MRnk 97 / 208
2022
Flag → Flag
Top Product $3.62MTextile Processing Machines
2022
Flag → Flag
Exports $133MRnk 38 / 139
2022
Flag → Flag
Top Product $27.8MKnit T-shirts
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.82Rnk 101 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH245%CURRENT US$
Rnk 2 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$2,688CURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP PC GROWTH207%CURRENT US$
Rnk 2 / 186

About

Portugal-Bangladesh Trade: In 2022, Portugal exported $18.5M to Bangladesh. The main products that Portugal exported to Bangladesh were Textile Processing Machines ($3.62M), Other Animals ($2.34M), and Stranded Iron Wire ($2.33M). Over the past 5 years the exports of Portugal to Bangladesh have increased at an annualized rate of 11.1%, from $10.9M in 2017 to $18.5M in 2022.

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

Bangladesh-Portugal Trade: In 2022, Bangladesh exported $133M to Portugal. The main products that Bangladesh exported to Portugal were Knit T-shirts ($27.8M), Knit Sweaters ($24.2M), and Non-Knit Men's Suits ($15.7M). Over the past 5 years the exports of Bangladesh to Portugal have increased at an annualized rate of 13%,  from $72.1M in 2017 to $133M in 2022.

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

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Latest Trends

August, 2024

About

Overview In August 2024, Portugal exported €1.54M and imported €10M from Bangladesh, resulting in a negative trade balance of €8.46M. Between August 2023 and August 2024 the exports of Portugal have increased by €907k (143%) from €632k to €1.54M, while imports decreased by €-1.74M (-14.8%) from €11.7M to €10M.

Trade In August 2024, the top exports of Portugal to Bangladesh were Iron or steel articles (€672k), Iron & steel (€300k), Cotton (€264k), Machinery, mechanical appliances, & parts (€172k), and Food residues & wastes; animal fodder (€148k). In August 2024 the top imports of Portugal from Bangladesh were Knitted clothing accesories (€6.25M), Non-knitted clothing accesories (€3.48M), Fish, crustaceans, & molluscs (€659k), Footwear (€242k), and Raw hides & skin (non-fur) (€126k).

Growth In August 2024, the increase in Portugal's year-by-year exports to Bangladesh was explained primarily by an increase in product exports in Iron or steel articles (€672k or 328k%), Cotton (€263k or 57.6k%), and Paper articles (€8.17k or 15.2%). In August 2024, the decrease in Portugal's year-by-year imports  from Bangladesh was explained primarily by an decrease in product imports  in Fish, crustaceans, & molluscs (€-325k or -33.1%), Cars, tractors, trucks & parts thereof. (€-158k or -100%), and Optical, photo, & film equipment; medical... (€-54.8k or -38%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€907k(143%)
IMPORT GROWTH (August 2023 - August 2024)€-1.74M(-14.8%)

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

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

For full datasets download visit Bulk Download page.

Explore Bangladesh and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $18.5M to Bangladesh. The main products exported from Portugal to Bangladesh were Textile Processing Machines ($3.62M), Other Animals ($2.34M), and Stranded Iron Wire ($2.33M). During the last 5 years the exports of Portugal to Bangladesh have increased at an annualized rate of 11.1%, from $10.9M in 2017 to $18.5M in 2022.

In 2017, Bangladesh exported $133M to Portugal. The main products exported from Bangladesh to Portugal were Knit T-shirts ($27.8M), Knit Sweaters ($24.2M), and Non-Knit Men's Suits ($15.7M). During the last 5 years the exports of Bangladesh to Portugal have increased at an annualized rate of 13%, from $72.1M in 2022 to $133M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Bangladesh
Top DestinationUnited States$11.7B

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

In 2022, countries that imported more from Portugal than Bangladesh included Spain ($20.5B), France ($9.49B), and Angola ($1.59B).

In 2022, countries that imported more from Bangladesh than Portugal included United States ($11.7B), Poland ($3.53B), and India ($2B).

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

Comparative Advantage Portugal - Bangladesh

Flow
Scale

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

During 2022, Portugal had a large net trade with Bangladesh in the exports of Machines ($7.75M), Metals ($3M), and Chemical Products ($2.45M).

During 2017, Bangladesh had a large net trade with Portugal in the exports of Textiles ($115M), Animal Products ($8.21M), and Footwear and Headwear ($3.07M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Bangladesh+$1.72MCentrifuges
Top Product Potential Bangladesh Portugal+$20MKnit Sweaters

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 Portugal and Bangladesh. This means that a dot/product with the flag of Portugal indicates it has a comparative advantage over Bangladesh. Similarly, a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Portugal.

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

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