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2022
Flag → Flag
Exports $1.11BRnk 37 / 218
2022
Flag → Flag
Top Product $126MCement
2022
Flag → Flag
Exports $84MRnk 48 / 139
2022
Flag → Flag
Top Product $16.3MProcessed Crustaceans
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.82Rnk 101 / 133
2022
Flag  
GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH245%CURRENT US$
Rnk 2 / 186
2022
Flag
GDP PC $6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC$2,688CURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP PC GROWTH207%CURRENT US$
Rnk 2 / 186

About

Thailand-Bangladesh Trade: In 2022, Thailand exported $1.11B to Bangladesh. The main products that Thailand exported to Bangladesh were Cement ($126M), Refined Petroleum ($78.4M), and Propylene Polymers ($47.1M). Over the past 5 years the exports of Thailand to Bangladesh have decreased at an annualized rate of 2.48%, from $1.26B in 2017 to $1.11B in 2022.

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

Bangladesh-Thailand Trade: In 2022, Bangladesh exported $84M to Thailand. The main products that Bangladesh exported to Thailand were Processed Crustaceans ($16.3M), Knit T-shirts ($11.8M), and Non-Knit Men's Suits ($8.57M). Over the past 5 years the exports of Bangladesh to Thailand have increased at an annualized rate of 6.67%,  from $60.9M in 2017 to $84M in 2022.

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

Comparison: In 2022,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). 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, Thailand exported $1.11B to Bangladesh. The main products exported from Thailand to Bangladesh were Cement ($126M), Refined Petroleum ($78.4M), and Propylene Polymers ($47.1M). During the last 5 years the exports of Thailand to Bangladesh have decreased at an annualized rate of 2.48%, from $1.26B in 2017 to $1.11B in 2022.

In 2017, Bangladesh exported $84M to Thailand. The main products exported from Bangladesh to Thailand were Processed Crustaceans ($16.3M), Knit T-shirts ($11.8M), and Non-Knit Men's Suits ($8.57M). During the last 5 years the exports of Bangladesh to Thailand have increased at an annualized rate of 6.67%, from $60.9M in 2022 to $84M in 2017.

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

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

Latest Data

Trade between Thailand (Flag) and Bangladesh (Flag)

Thailand Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$53.4B
Bangladesh
Top DestinationUnited States$11.7B

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 2022, countries that imported more from Thailand than Bangladesh included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

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

Comparative Advantage Thailand - Bangladesh

Flow
Scale

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

During 2022, Thailand had a large net trade with Bangladesh in the exports of Mineral Products ($250M), Textiles ($225M), and Plastics and Rubbers ($180M).

During 2017, Bangladesh had a large net trade with Thailand in the exports of Textiles ($51.8M), Foodstuffs ($16.7M), and Metals ($6.02M).

Potential Exports

Potential Exports

Depth
View
Sort By
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.

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Economic Complexity

Competitive Landscape

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.

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

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