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

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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 54.5%, from $285k in 2016 to $3.88M in 2022.

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

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 20.9%, from $2.92M in 2016 to $7.53M in 2022.

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

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 6 years the exports of Maldives to Bangladesh have increased at an annualized rate of 54.5%, from $285k in 2016 to $3.88M in 2022.

In 2017, 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 5 years the exports of Bangladesh to Maldives have increased at an annualized rate of 20.9%, from $2.92M in 2022 to $7.53M in 2017.

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

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

Latest Data

Trade between Maldives () and Bangladesh ()

Maldives Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Maldives
Top DestinationIndia$488M

Bangladesh
Top DestinationUnited States$11.7B

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

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

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

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

Comparative Advantage Maldives - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Maldives had a large net trade with Bangladesh in the exports of Foodstuffs ($3.24M), Animal Products ($619k), and Metals ($22.5k).

During 2017, Bangladesh had a large net trade with Maldives in the exports of Textiles ($3.04M), Foodstuffs ($1.39M), and Vegetable Products ($1.09M).

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Maldives () and Bangladesh ()

Maldives Exports

Market Competitiveness

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

Comparative Advantage Maldives - Bangladesh

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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