BANGLADESH
Insights & Trade Indicators
ECI
(Trade)
109th
Out of 132
(ECI: -0.93, 2023
ECI
(Technology
86th
Out of 96
(ECI: -1.35, 2021)
ECI
(Research)
73rd
Out of 137
(ECI: -0.30, 2023)
Product
(Research)
$54.5B
Ranking 54 / 226
(2023)
Product
Imports
$66.4B
Ranking 52 / 226
(2023)
EXPORTS
Per Capita
$318
Ranking 164 / 209
(2023)
Imports
Per Capita
$387
Ranking 177 / 209
(2023)
EXPORTS
Growth
-16.9%
$11.1B
(2022-2023)
ABOUT
Overview
In 2023, Bangladesh was the number 32 (out of 195) economy in the world in terms of GDP ($437B current US$), the number 54 (out of 226) in total exports, the number 146 (out of 196) economy in terms of GDP per capita (current US$).
In 2023, Bangladesh was the number 109 (out of 132) most complex economy according to the Economic Complexity Index (Trade, 2023), the number 86 (out of 96) most complex economy according to the Economic Complexity Index (Technology, 2021), the number 73 (out of 137) most complex economy according to the Economic Complexity Index (Research, 2023).
Exports
In 2023, the top exports of Bangladesh were Knit T-shirts ($7.83B), Non-Knit Men’s Suits ($7.68B), Knit Sweaters ($6.68B), Non-Knit Women’s Suits ($5.64B), and Knit Women’s Suits ($3.09B).
The top destinations were United States ($8.58B), Germany ($8.28B), United Kingdom ($4.25B), Spain ($3.95B), and Poland ($3.04B).
In the latest year, Bangladesh was the world’s largest exporter of Non-Knit Men’s Shirts ($2.54B), Jute Yarn ($412M), Jute and Other Textile Fibers ($162M), Textile Scraps ($133M), and Jute Woven Fabric ($92.2M).
Imports
In 2023, the top imports of Bangladesh were Refined Petroleum ($6.93B), Petroleum Gas ($2.66B), Raw Cotton ($2.22B), Scrap Iron ($1.8B), and Non-Retail Pure Cotton Yarn ($1.45B).
The top origins were China ($22.9B), India ($11.3B), Indonesia ($3.58B), Singapore ($3.1B), and Malaysia ($2.45B).
In the latest year, Bangladesh was the world’s largest importer of Heavy Pure Woven Cotton ($1.03B), Light Pure Woven Cotton ($722M), Heavy Mixed Woven Cotton ($701M), Flax Woven Fabric ($388M), and Non-Retail Synthetic Staple Fibers Yarn ($377M) among 4 other products.