2022
Exports
$1.69MWorld Rnk 161 / 214
Flag Rnk 230 / 931
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$11.3BWorld Rnk 27 / 225
Flag Rnk 1 / 1173
2022
ECONOMIC COMPLEXITY of Bangladesh
-0.82Rnk 101 / 133

About

Exports In 2022, Bangladesh exported $1.69M in Refined Petroleum, making it the 161st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 230th most exported product in Bangladesh. The main destination of Refined Petroleum exports from Bangladesh are: Malaysia ($1.05M), Vietnam ($283k), Nepal ($258k), Singapore ($37k), and Indonesia ($20.4k).

The fastest growing export markets for Refined Petroleum of Bangladesh between 2021 and 2022 were Vietnam ($283k), Burma ($9.29k), and Niger ($1.13k).

Imports In 2022, Bangladesh imported $11.3B in Refined Petroleum, becoming the 27th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Bangladesh. Bangladesh imports Refined Petroleum primarily from: Malaysia ($2.67B), Singapore ($2.45B), China ($2.23B), India ($1.37B), and South Korea ($1.07B).

The fastest growing import markets in Refined Petroleum for Bangladesh between 2021 and 2022 were Malaysia ($1.38B), China ($961M), and South Korea ($908M).

COMPANIES In 2023, leading companies such as PVH (Phillips-Van Heusen Corporation) (1) were at the forefront of shipping Refined Petroleum from Bangladesh to the United States.

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.69M
IMPORTS (2022)$11.3B
NET TRADE (2022)-$11.3B

In 2022, Bangladesh exported $1.69M in Refined Petroleum. The main destinations of Bangladesh exports on Refined Petroleum were Malaysia ($1.05M), Vietnam ($283k), Nepal ($258k), Singapore ($37k), and Indonesia ($20.4k).

In 2022, Bangladesh imported $11.3B in Refined Petroleum, mainly from Malaysia ($2.67B), Singapore ($2.45B), China ($2.23B), India ($1.37B), and South Korea ($1.07B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Bangladesh WERE (2021 - 2022):
Vietnam$283k (1%)
Burma$9.29k (96%)
Niger$1.13k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Bangladesh WERE (2021 - 2022):
Malaysia-$34.6M (-97%)
Singapore-$13.7M (-99.7%)
China-$10.2M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bangladesh's main exporting competitors in Refined Petroleum were:
In 2022, Bangladesh's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $1.33M
TOP IMPORT POTENTIALIndia+ $1.45B

Refined Petroleum’s highest export potential is Malaysia. With an export gap of $1.33M.   Refined Petroleum’s highest import potential is India with an import gap of $1.45B.

See methodology.

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