2023
Exports
$35.1MWorld Rnk 25 / 198
Flag Rnk 67 / 945
2023
PRODUCT COMPLEXITY IN Spices
-1.59Rnk 959 / 1025
2023
Imports
$87.3MWorld Rnk 13 / 224
Flag Rnk 143 / 1162
2023
ECONOMIC COMPLEXITY of Bangladesh
-1.03Rnk 113 / 132

About

Exports In 2023, Bangladesh exported $35.1M in Spices, making it the 25th largest exporter of Spices in the world. At the same year, Spices was the 67th most exported product in Bangladesh. The main destination of Spices exports from Bangladesh are: Saudi Arabia ($17.5M), United Arab Emirates ($6.54M), Malaysia ($4.43M), Oman ($878k), and Kuwait ($828k).

The fastest growing export markets for Spices of Bangladesh between 2022 and 2023 were Saudi Arabia ($3.05M), United Arab Emirates ($1.02M), and Malaysia ($994k).

Imports In 2023, Bangladesh imported $87.3M in Spices, becoming the 13th largest importer of Spices in the world. At the same year, Spices was the 143rd most imported product in Bangladesh. Bangladesh imports Spices primarily from: India ($61.1M), Indonesia ($15.3M), Burma ($5.47M), China ($3.53M), and Pakistan ($1.08M).

The fastest growing import markets in Spices for Bangladesh between 2022 and 2023 were Indonesia ($14.2M), India ($13.5M), and Burma ($2.4M).

Latest Trends

Jan 2025

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 Spices. 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)$35.1M
IMPORTS (2023)$87.3M
NET TRADE (2023)-$52.2M

In 2023, Bangladesh exported $35.1M in Spices. The main destinations of Bangladesh exports on Spices were Saudi Arabia ($17.5M), United Arab Emirates ($6.54M), Malaysia ($4.43M), Oman ($878k), and Kuwait ($828k).

In 2023, Bangladesh imported $87.3M in Spices, mainly from India ($61.1M), Indonesia ($15.3M), Burma ($5.47M), China ($3.53M), and Pakistan ($1.08M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Bangladesh WERE (2022 - 2023):
Saudi Arabia$3.05M (21%)
United Arab Emirates$1.02M (18.5%)
Malaysia$994k (28.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Bangladesh WERE (2022 - 2023):
United States-$434k (-38.5%)
United Kingdom-$362k (-42.9%)
Oman-$342k (-28%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bangladesh's main exporting competitors in Spices were:
In 2023, Bangladesh's main importing competitors in Spices were:

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Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.46M
TOP IMPORT POTENTIALIndia+ $7.63M

Spices’s highest export potential is United States. With an export gap of $1.46M.   Spices’s highest import potential is India with an import gap of $7.63M.

See methodology.

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