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2022
Flag → Flag
Exports $679MRnk 55 / 224
2022
Flag → Flag
Top Product $345MScrap Iron
2022
Flag → Flag
Exports $4.86BRnk 3 / 139
2022
Flag → Flag
Top Product $795MKnit T-shirts
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.82Rnk 101 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH245%CURRENT US$
Rnk 2 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$2,688CURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP PC GROWTH207%CURRENT US$
Rnk 2 / 186

About

United Kingdom-Bangladesh Trade: In 2022, United Kingdom exported $679M to Bangladesh. The main products that United Kingdom exported to Bangladesh were Scrap Iron ($345M), Gas Turbines ($34.2M), and Planes, Helicopters, and/or Spacecraft ($24.7M). Over the past 5 years the exports of United Kingdom to Bangladesh have increased at an annualized rate of 17.7%, from $301M in 2017 to $679M in 2022.

In 2022, United Kingdom did not export any services to Bangladesh.

Bangladesh-United Kingdom Trade: In 2022, Bangladesh exported $4.86B to United Kingdom. The main products that Bangladesh exported to United Kingdom were Knit T-shirts ($795M), Knit Sweaters ($650M), and Non-Knit Women's Suits ($523M). Over the past 5 years the exports of Bangladesh to United Kingdom have increased at an annualized rate of 6.39%,  from $3.56B in 2017 to $4.86B in 2022.

In 2022, Bangladesh did not export any services to United Kingdom.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Latest Trends

June, 2024

About

Overview In June 2024, United Kingdom exported £10.5M and imported £201M from Bangladesh, resulting in a negative trade balance of £191M. Between June 2023 and June 2024 the exports of United Kingdom have decreased by £-16M (-60.3%) from £26.5M to £10.5M, while imports decreased by £-6.05M (-2.92%) from £207M to £201M.

Trade In June 2024, the top exports of United Kingdom to Bangladesh were Electric Generating Sets (£2.33M), Scrap Iron (£711k), Concentrated Milk (£603k), Steam Boilers (£566k), and Plastic Housewares (£248k). In June 2024 the top imports of United Kingdom from Bangladesh were Knit T-shirts (£50.6M), Non-Knit Men's Suits (£34.2M), Non-Knit Women's Suits (£32.5M), Knit Women's Suits (£30.8M), and Knit Sweaters (£30.3M).

Origins In June 2024 the exports of United Kingdom were mainly from London Gateway (£3.07M), London Heathrow Airport (£2.92M), Felixstowe (£1.54M), Manchester Airport (£937k), and Southampton (£775k), while imports destinations were mainly Felixstowe (£77.6M), London Gateway (£33M), Southampton (£15M), and London Heathrow Airport (£9.73M).

Growth In June 2024, the decrease in United Kingdom's year-by-year exports to Bangladesh was explained primarily by an decrease in product exports in Scrap Iron (£-20.4M or -96.6%), Air Pumps (£-726k or -77.2%), and Cars (£-547k or -76.5%). In June 2024, the decrease in United Kingdom's year-by-year imports  from Bangladesh was explained primarily by an decrease in product imports  in Knit Sweaters (£-2.23M or -6.85%), Knit Babies' Garments (£-2M or -22.9%), and Bicycles, delivery tricycles, other cycles (£-1.61M or -43.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)£-16M(-60.3%)
IMPORT GROWTH (June 2023 - June 2024)£-6.05M(-2.92%)
MAIN EXPORTER (June 2024)London Gateway£3.07M

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check Bangladesh and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bangladesh and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $679M to Bangladesh. The main products exported from United Kingdom to Bangladesh were Scrap Iron ($345M), Gas Turbines ($34.2M), and Planes, Helicopters, and/or Spacecraft ($24.7M). During the last 5 years the exports of United Kingdom to Bangladesh have increased at an annualized rate of 17.7%, from $301M in 2017 to $679M in 2022.

In 2017, Bangladesh exported $4.86B to United Kingdom. The main products exported from Bangladesh to United Kingdom were Knit T-shirts ($795M), Knit Sweaters ($650M), and Non-Knit Women's Suits ($523M). During the last 5 years the exports of Bangladesh to United Kingdom have increased at an annualized rate of 6.39%, from $3.56B in 2022 to $4.86B in 2017.

Exports from United Kingdom (Flag) to Bangladesh (Flag) (2022)

Exports from Bangladesh (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Bangladesh
Top DestinationUnited States$11.7B

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

In 2022, countries that imported more from United Kingdom than Bangladesh included United States ($61.8B), Netherlands ($41.9B), and China ($35.4B).

In 2022, countries that imported more from Bangladesh than United Kingdom included Nepal ($55.1M).

Difference in imports from Bangladesh (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Bangladesh

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Bangladesh in the exports of Metals ($361M), Machines ($141M), and Textiles ($53.6M).

During 2017, Bangladesh had a large net trade with United Kingdom in the exports of Textiles ($4.61B), Footwear and Headwear ($60.9M), and Animal Products ($53.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Bangladesh+$20.1MCars
Top Product Potential Bangladesh United Kingdom+$115MKnit Sweaters

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

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

Product Space of United Kingdom (Flag) and Bangladesh (Flag) (2022)

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