2022
Exports
$166MWorld Rnk 67 / 223
Flag Rnk 13 / 96
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$1.1BWorld Rnk 65 / 226
Flag Rnk 18 / 96
2022
ECONOMIC COMPLEXITY of Bangladesh
-0.82Rnk 101 / 133

About

Exports In 2022, Bangladesh exported $166M in Pharmaceutical products, making it the 67th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 13th most exported product in Bangladesh. The main destination of Pharmaceutical products exports from Bangladesh are: Burma ($25.3M), Sri Lanka ($23.3M), Vietnam ($21M), United States ($16.7M), and Philippines ($16M).

The fastest growing export markets for Pharmaceutical products of Bangladesh between 2021 and 2022 were Vietnam ($6.83M), United States ($2.81M), and Cambodia ($2.56M).

Imports In 2022, Bangladesh imported $1.1B in Pharmaceutical products, becoming the 65th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 18th most imported product in Bangladesh. Bangladesh imports Pharmaceutical products primarily from: United States ($652M), China ($149M), Belgium ($83.3M), India ($67.8M), and South Korea ($22.2M).

The fastest growing import markets in Pharmaceutical products for Bangladesh between 2021 and 2022 were United States ($393M), Belgium ($46.5M), and United Kingdom ($6.54M).

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 Pharmaceutical products. 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)$166M
IMPORTS (2022)$1.1B
NET TRADE (2022)-$930M

In 2022, Bangladesh exported $166M in Pharmaceutical products. The main destinations of Bangladesh exports on Pharmaceutical products were Burma ($25.3M), Sri Lanka ($23.3M), Vietnam ($21M), United States ($16.7M), and Philippines ($16M).

In 2022, Bangladesh imported $1.1B in Pharmaceutical products, mainly from United States ($652M), China ($149M), Belgium ($83.3M), India ($67.8M), and South Korea ($22.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Bangladesh WERE (2021 - 2022):
Vietnam$6.83M (48.1%)
United States$2.81M (20.2%)
Cambodia$2.56M (66.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Bangladesh WERE (2021 - 2022):
Philippines-$6.22M (-27.9%)
Sri Lanka-$3.93M (-14.5%)
Indonesia-$3.58M (-95.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bangladesh's main exporting competitors in Pharmaceutical products were:
In 2022, Bangladesh's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $31.1M
TOP IMPORT POTENTIALIndia+ $84.8M

Pharmaceutical products’s highest export potential is United States. With an export gap of $31.1M.   Pharmaceutical products’s highest import potential is India with an import gap of $84.8M.

See methodology.

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