Thailand (THA) and Bangladesh (BGD) Trade | The Observatory of Economic Complexity

About

Thailand-Bangladesh Trade: In 2023, Thailand exported $1.14B to Bangladesh. The main products that Thailand exported to Bangladesh were Refined Petroleum ($243M), Cement ($133M), and Rice ($51M). Over the past 5 years the exports of Thailand to Bangladesh have decreased at an annualized rate of 0.95%, from $1.2B in 2018 to $1.14B in 2023.

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

Bangladesh-Thailand Trade: In 2023, Bangladesh exported $94M to Thailand. The main products that Bangladesh exported to Thailand were Knit T-shirts ($13.8M), Non-Knit Men's Suits ($10.6M), and Non-Knit Women's Suits ($9.9M). Over the past 5 years the exports of Bangladesh to Thailand have increased at an annualized rate of 2.6%, from $59.2M in 2018 to $94M in 2023.

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

Comparison: In 2023, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B). 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, Thailand exported $1.14B to Bangladesh. The main products exported from Thailand to Bangladesh were Refined Petroleum ($243M), Cement ($133M), and Rice ($51M). During the last 5 years the exports of Thailand to Bangladesh have decreased at an annualized rate of 0.95%, from $1.2B in 2018 to $1.14B in 2023.

In 2018, Bangladesh exported $94M to Thailand. The main products exported from Bangladesh to Thailand were Knit T-shirts ($13.8M), Non-Knit Men's Suits ($10.6M), and Non-Knit Women's Suits ($9.9M). During the last 5 years the exports of Bangladesh to Thailand have increased at an annualized rate of 2.6%, from $59.2M in 2023 to $94M in 2018.

Exports from Thailand () to Bangladesh () (2023)

Exports from Bangladesh () to Thailand () (2023)

Latest Data

Trade between Thailand () and Bangladesh ()

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$58.5B

Bangladesh
Top DestinationUnited States$8.58B

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

In 2023, countries that imported more from Thailand than Bangladesh included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

In 2023, countries that imported more from Bangladesh than Thailand included Spain ($3.95B), Poland ($3.04B), and Denmark ($935M).

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

Comparative Advantage Thailand - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Thailand had a large net trade with Bangladesh in the exports of Mineral Products ($416M), Textiles ($177M), and Plastics and Rubbers ($131M).

During 2018, Bangladesh had a large net trade with Thailand in the exports of Textiles ($63M), Metals ($8.16M), and Foodstuffs ($6.64M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Thailand Bangladesh+$96.5MRefined Petroleum

Top Product Potential Bangladesh Thailand+$18.7MKnit 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Thailand () to Bangladesh () (2023)

Exports from Bangladesh () to Thailand () (2023)

Latest Data

Trade between Thailand () and Bangladesh ()

Thailand Exports

Market Competitiveness

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

Comparative Advantage Thailand - Bangladesh

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring