2023
Exports
$138MWorld Rnk 73 / 225
Flag Rnk 13 / 96
2023
PRODUCT COMPLEXITY IN Pharmaceutical products
1.25Rnk 89 / 1025
2023
Imports
$366MWorld Rnk 102 / 226
Flag Rnk 35 / 96
2023
ECONOMIC COMPLEXITY of Bangladesh
-1.03Rnk 113 / 132

About

Exports In 2023, Bangladesh exported $138M in Pharmaceutical products, making it the 73rd 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: Sri Lanka ($26.3M), United States ($18M), Philippines ($17M), Burma ($15.9M), and Kenya ($8.96M).

The fastest growing export markets for Pharmaceutical products of Bangladesh between 2022 and 2023 were Pakistan ($3.74M), Sri Lanka ($3.07M), and United States ($1.28M).

Imports In 2023, Bangladesh imported $366M in Pharmaceutical products, becoming the 102nd largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 35th most imported product in Bangladesh. Bangladesh imports Pharmaceutical products primarily from: Germany ($98.1M), India ($51M), Belgium ($50.2M), China ($42M), and United States ($32.5M).

The fastest growing import markets in Pharmaceutical products for Bangladesh between 2022 and 2023 were Germany ($76.1M), Netherlands ($6.68M), and Brazil ($2.97M).

Latest Trends

Dec 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 (2023)$138M
IMPORTS (2023)$366M
NET TRADE (2023)-$228M

In 2023, Bangladesh exported $138M in Pharmaceutical products. The main destinations of Bangladesh exports on Pharmaceutical products were Sri Lanka ($26.3M), United States ($18M), Philippines ($17M), Burma ($15.9M), and Kenya ($8.96M).

In 2023, Bangladesh imported $366M in Pharmaceutical products, mainly from Germany ($98.1M), India ($51M), Belgium ($50.2M), China ($42M), and United States ($32.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Bangladesh WERE (2022 - 2023):
Pakistan$3.74M (234%)
Sri Lanka$3.07M (13.2%)
United States$1.28M (7.66%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Bangladesh WERE (2022 - 2023):
Vietnam-$21M (-100%)
Burma-$9.47M (-37.4%)
Nepal-$4.81M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bangladesh's main exporting competitors in Pharmaceutical products were:
In 2023, 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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