2022
Exports
$707kWorld Rnk 107 / 216
Flag Rnk 297 / 931
2022
PRODUCT COMPLEXITY IN Electric Motors
0.76Rnk 259 / 1025
2022
Imports
$130MWorld Rnk 55 / 226
Flag Rnk 128 / 1173
2022
ECONOMIC COMPLEXITY of Bangladesh
-0.82Rnk 101 / 133

About

Exports In 2022, Bangladesh exported $707k in Electric Motors, making it the 107th largest exporter of Electric Motors in the world. At the same year, Electric Motors was the 297th most exported product in Bangladesh. The main destination of Electric Motors exports from Bangladesh are: United States ($327k), Nigeria ($198k), India ($80.6k), Netherlands ($64.2k), and Germany ($7.23k).

The fastest growing export markets for Electric Motors of Bangladesh between 2021 and 2022 were Nigeria ($198k), Netherlands ($54.4k), and Mozambique ($7.06k).

Imports In 2022, Bangladesh imported $130M in Electric Motors, becoming the 55th largest importer of Electric Motors in the world. At the same year, Electric Motors was the 128th most imported product in Bangladesh. Bangladesh imports Electric Motors primarily from: China ($81.2M), India ($11.7M), Japan ($6.19M), South Korea ($4.37M), and Spain ($4.23M).

The fastest growing import markets in Electric Motors for Bangladesh between 2021 and 2022 were China ($8.63M), Spain ($4.23M), and South Korea ($2.56M).

Latest Trends

Nov 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Electric Motors. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$707k
IMPORTS (2022)$130M
NET TRADE (2022)-$130M

In 2022, Bangladesh exported $707k in Electric Motors. The main destinations of Bangladesh exports on Electric Motors were United States ($327k), Nigeria ($198k), India ($80.6k), Netherlands ($64.2k), and Germany ($7.23k).

In 2022, Bangladesh imported $130M in Electric Motors, mainly from China ($81.2M), India ($11.7M), Japan ($6.19M), South Korea ($4.37M), and Spain ($4.23M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motors EXPORT MARKETS FOR Bangladesh WERE (2021 - 2022):
Nigeria$198k (1%)
Netherlands$54.4k (555%)
Mozambique$7.06k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motors BY Bangladesh WERE (2021 - 2022):
India-$311k (-79.4%)
Italy-$202k (-100%)
United States-$9.31k (-2.77%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bangladesh's main exporting competitors in Electric Motors were:
China $18.4B
Germany $8.51B
Mexico $4.62B
In 2022, Bangladesh's main importing competitors in Electric Motors were:

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Trade Value of Electric Motors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $713k
TOP IMPORT POTENTIALChina+ $32.6M

Electric Motors’s highest export potential is United States. With an export gap of $713k.   Electric Motors’s highest import potential is China with an import gap of $32.6M.

See methodology.

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