Bangladesh (BGD) and Maldives (MDV) Trade | The Observatory of Economic Complexity

About

Bangladesh-Maldives Trade: In 2022, Bangladesh exported $7.53M to Maldives. The main products that Bangladesh exported to Maldives were Packaged Medicaments ($973k), Flavored Water ($843k), and Knit Men's Suits ($753k). Over the past 6 years the exports of Bangladesh to Maldives have increased at an annualized rate of 16.1%, from $3.08M in 2016 to $7.53M in 2022.

In 2022, Bangladesh did not export any services to Maldives.

Maldives-Bangladesh Trade: In 2022, Maldives exported $3.88M to Bangladesh. The main products that Maldives exported to Bangladesh were Animal Meal and Pellets ($3.24M), Fish: dried, salted, smoked or in brine ($619k), and Scrap Iron ($22.5k). Over the past 6 years the exports of Maldives to Bangladesh have increased at an annualized rate of 41.4%, from $686k in 2016 to $3.88M in 2022.

In 2022, Maldives did not export any services to Bangladesh.

Comparison In 2022, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B). That same year, Maldives ranked 166 in total exports ($689M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bangladesh exported $7.53M to Maldives. The main products exported from Bangladesh to Maldives were Packaged Medicaments ($973k), Flavored Water ($843k), and Knit Men's Suits ($753k). During the last 6 years the exports of Bangladesh to Maldives have increased at an annualized rate of 16.1%, from $3.08M in 2016 to $7.53M in 2022.

In 2017, Maldives exported $3.88M to Bangladesh. The main products exported from Maldives to Bangladesh were Animal Meal and Pellets ($3.24M), Fish: dried, salted, smoked or in brine ($619k), and Scrap Iron ($22.5k). During the last 5 years the exports of Maldives to Bangladesh have increased at an annualized rate of 41.4%, from $686k in 2022 to $3.88M in 2017.

Exports from Bangladesh () to Maldives () (2022)

Exports from Maldives () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Maldives ()

Maldives Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$11.7B

Maldives
Top DestinationIndia$488M

This map shows whether countries import more from Bangladesh or Maldives. Each country is colored based on the difference in imports they receive from Bangladesh and Maldives or the difference in the growth in imports.

In 2022, countries that imported more from Bangladesh than Maldives included United States ($11.7B), Germany ($10.2B), and United Kingdom ($4.86B).

In 2022, countries that imported more from Maldives than Bangladesh included Seychelles ($6.14M), Libya ($79.9k), and Russia ($48.9k).

Difference in imports from Maldives () and Bangladesh () (2022)

Comparative Advantage Bangladesh - Maldives

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Bangladesh and Maldives by product, considering products traded by both, Bangladesh and Maldives.

During 2022, Bangladesh had a large net trade with Maldives in the exports of Textiles ($3.04M), Foodstuffs ($1.39M), and Vegetable Products ($1.09M).

During 2017, Maldives had a large net trade with Bangladesh in the exports of Foodstuffs ($3.24M), Animal Products ($619k), and Metals ($22.5k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Bangladesh and Maldives. This means that a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Maldives. Similarly, a dot/product with the flag of Maldives indicates it has a comparative advantage over Bangladesh.

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Maldives () (2022)

Exports from Maldives () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Maldives ()

Maldives Exports

Market Competitiveness

Difference in imports from Maldives () and Bangladesh () (2022)

Comparative Advantage Bangladesh - Maldives

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and Maldives () (2022)

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