2022
Flag  
GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP
$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH
245%CURRENT US$
Rnk 2 / 186
2022
Flag
GDP PC 
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC
$2,688CURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP PC GROWTH
207%CURRENT US$
Rnk 2 / 186

About

Singapore-Bangladesh Trade: In 2022, Singapore exported $4.68B to Bangladesh. The main products that Singapore exported to Bangladesh were Refined Petroleum ($2.45B), Gold ($214M), and Jewellery ($204M). Over the past 5 years the exports of Singapore to Bangladesh have increased at an annualized rate of 10.7%, from $2.82B in 2017 to $4.68B in 2022.

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

Bangladesh-Singapore Trade: In 2022, Bangladesh exported $190M to Singapore. The main products that Bangladesh exported to Singapore were Non-Knit Men's Suits ($35.4M), Knit T-shirts ($26.4M), and Non-Knit Women's Suits ($24.3M). Over the past 5 years the exports of Bangladesh to Singapore have decreased at an annualized rate of 4.3%,  from $271M in 2017 to $190M in 2022.

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

Comparison: In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $4.68B to Bangladesh. The main products exported from Singapore to Bangladesh were Refined Petroleum ($2.45B), Gold ($214M), and Jewellery ($204M). During the last 5 years the exports of Singapore to Bangladesh have increased at an annualized rate of 10.7%, from $2.82B in 2017 to $4.68B in 2022.

In 2017, Bangladesh exported $190M to Singapore. The main products exported from Bangladesh to Singapore were Non-Knit Men's Suits ($35.4M), Knit T-shirts ($26.4M), and Non-Knit Women's Suits ($24.3M). During the last 5 years the exports of Bangladesh to Singapore have decreased at an annualized rate of 4.3%, from $271M in 2022 to $190M in 2017.

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

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

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$51.6B
Bangladesh
Top Destination
United States$11.7B

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

In 2022, countries that imported more from Singapore than Bangladesh included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2022, countries that imported more from Bangladesh than Singapore included Spain ($4.41B), Germany ($10.2B), and Poland ($3.53B).

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

Comparative Advantage Singapore - Bangladesh

Flow
Scale

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

During 2022, Singapore had a large net trade with Bangladesh in the exports of Mineral Products ($2.49B), Machines ($722M), and Chemical Products ($466M).

During 2017, Bangladesh had a large net trade with Singapore in the exports of Textiles ($163M), Footwear and Headwear ($6.39M), and Machines ($3.89M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Bangladesh+$31.7MRefined Petroleum
Top Product Potential Bangladesh Singapore+$27.9MNon-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 Singapore and Bangladesh. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over Bangladesh. Similarly, a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Singapore.

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

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