Bangladesh (BGD) and Mexico (MEX) Trade | The Observatory of Economic Complexity

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Bangladesh-Mexico Trade: In 2022, Bangladesh exported $594M to Mexico. The main products that Bangladesh exported to Mexico were Knit T-shirts ($115M), Non-Knit Men's Suits ($102M), and Non-Knit Women's Suits ($81.1M). Over the past 5 years the exports of Bangladesh to Mexico have increased at an annualized rate of 18%, from $259M in 2017 to $594M in 2022.

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

Mexico-Bangladesh Trade: In 2022, Mexico exported $272k to Bangladesh. The main products that Mexico exported to Bangladesh were Nucleic Acids ($272k). Over the past 5 years the exports of Mexico to Bangladesh have decreased at an annualized rate of 12.2%, from $1.47M in 2017 to $272k in 2022.

In 2022, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bangladesh exported $594M to Mexico. The main products exported from Bangladesh to Mexico were Knit T-shirts ($115M), Non-Knit Men's Suits ($102M), and Non-Knit Women's Suits ($81.1M). During the last 5 years the exports of Bangladesh to Mexico have increased at an annualized rate of 18%, from $259M in 2017 to $594M in 2022.

In 2017, Mexico exported $272k to Bangladesh. The main products exported from Mexico to Bangladesh were Nucleic Acids ($272k). During the last 5 years the exports of Mexico to Bangladesh have decreased at an annualized rate of 12.2%, from $1.47M in 2022 to $272k in 2017.

Exports from Bangladesh () to Mexico () (2022)

Exports from Mexico () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Mexico ()

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$11.7B

Mexico
Top DestinationUnited States$421B

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

In 2022, countries that imported more from Bangladesh than Mexico included Germany ($10.2B), Poland ($3.53B), and France ($3.17B).

In 2022, countries that imported more from Mexico than Bangladesh included United States ($421B), Canada ($22.2B), and China ($12.7B).

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

Comparative Advantage Bangladesh - Mexico

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bangladesh had a large net trade with Mexico in the exports of Textiles ($568M), Footwear and Headwear ($21M), and Animal Hides ($4.5M).

During 2017, Mexico had a large net trade with Bangladesh in the exports of Chemical Products ($272k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Mexico+$68.5MKnit T-shirts

Top Product Potential Mexico Bangladesh+$282kNucleic Acids

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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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 Mexico. This means that a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Mexico. Similarly, a dot/product with the flag of Mexico indicates it has a comparative advantage over Bangladesh.

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Mexico () (2022)

Exports from Mexico () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Mexico ()

Mexico Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Mexico

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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