Russia (RUS) and Bangladesh (BGD) Trade | The Observatory of Economic Complexity

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Russia (RUS) and Bangladesh (BGD) Trade

2021

→

Exports $1.72BRnk 11 / 0

2021

→

Exports $1.27BRnk 3 / 0

2022

Economic Complexity (ECI) ECI 0.42Rnk 45 / 124

2022

Economic Complexity (ECI) ECI -0.9Rnk 100 / 124

2022

GDP$2.24TCURRENT US$
Rnk 8 / 186

2012-2022

GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186

2022

GDP$460BCURRENT US$
Rnk 34 / 186

2012-2022

GDP GROWTH245%CURRENT US$
Rnk 2 / 186

2022

GDP PC $15,345CURRENT US$
Rnk 63 / 186

2012-2022

GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

2022

GDP PC$2,688CURRENT US$
Rnk 136 / 186

2012-2022

GDP PC GROWTH207%CURRENT US$
Rnk 2 / 186

Image 1

Image by Sam Greenhalgh
Link: https://flic.kr/p/9qSwNm

Image 2

Image by Silver Blu3
Link: https://flic.kr/p/r4kEcS

Latest Trends
Historical Data
Service Trade
Economic Complexity

About

Russia-Bangladesh In 2021, Russia exported $1.72B to Bangladesh. The main products that Russia exported to Bangladesh are N/A. During the last 26 years the exports of Russia to Bangladesh have increased at an annualized rate of 15.2%, from $43.3M in 1995 to $1.72B in 2021.

In 2020, Russia exported services to Bangladesh worth $819M, with Construction services ($697M), Other business services ($113M), and Insurance services ($4.69M) being the largest in terms of value.

Bangladesh-Russia In 2021, Bangladesh exported $1.27B to Russia. The main products that Bangladesh exported to Russia were N/A. During the last 26 years the exports of Bangladesh to Russia have increased at an annualized rate of 15.6%, from $29.3M in 1995 to $1.27B in 2021.

In 2021, Bangladesh did not export any services to Russia.

Comparison In 2022, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B). That same year, Bangladesh ranked 100 in the Economic Complexity Index (ECI -0.9), and 52 in total exports ($64.2B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $108M and imported $144M from Bangladesh, resulting in a negative trade balance of $36M. Between January 2021 and January 2022 the exports of Russia have increased by $82.5M (326%) from $25.3M to $108M, while imports increased by $63.6M (79.4%) from $80.1M to $144M.

Trade In January 2022, the top exports of Russia to Bangladesh were Wheat ($8.46M), Steam Boilers ($5.77M), Iron Structures ($1.82M), Valves ($1.62M), and Scrap Iron ($759k). In January 2022 the top imports of Russia from Bangladesh were Knit T-shirts ($12.8M), Knit Sweaters ($11.7M), Non-Knit Women's Suits ($9.82M), Non-Knit Men's Suits ($8.04M), and Other Knit Clothing Accessories ($4.88M).

Origins In January 2022 the exports of Russia were mainly from PERM TERRITORY ($45.6M), NIZHNY NOVGOROD REGION ($30.6M), ROSTOV REGION ($14.6M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($5M), and KRASNODAR TERRITORY ($4.6M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($105M), MOSCOW REGION ($28M), ST. PETERSBURG ($6.57M), ROSTOV REGION ($2.81M), and PRIMORYE TERRITORY ($219k).

Growth In January 2022, the increase in Russia's year-by-year exports to Bangladesh was explained primarily by an increase in product exports in Valves ($1.61M or 16.8k%), Low-voltage Protection Equipment ($453k or 26.5k%), and Large Iron Containers ($437k or 3.06k%). In January 2022, the increase in Russia's year-by-year imports from Bangladesh was explained primarily by an increase in product imports in Other Knit Clothing Accessories ($4.86M or 29.3k%), Knit Sweaters ($3.03M or 35.1%), and Knit Men's Undergarments ($1.98M or 211%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2021 - January 2022)$82.5M(326%)

IMPORT GROWTH (January 2021 - January 2022)$63.6M(79.4%)

MAIN EXPORTER (January 2022)PERM TERRITORY$45.6M

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

To check Bangladesh and Russia trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Russia exported $1.72B to Bangladesh. There were not main exports from Russia to Bangladesh in 2021. During the last 26 years the exports of Russia to Bangladesh have increased at an annualized rate of 15.2%, from $43.3M in 1995 to $1.72B in 2021.

In 2021, Bangladesh exported $1.27B to Russia. There were not main exports from Bangladesh to Russia in 2021. During the last 26 years the exports of Bangladesh to Russia have increased at an annualized rate of 15.6%, from $29.3M in 1995 to $1.27B in 2021.

Exports from Russia () to Bangladesh () (2021)

Exports from Bangladesh () to Russia () (2021)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

Bangladesh
Top DestinationUnited States$11.7B

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

In 2021, countries that imported more from Russia than Bangladesh were China ($101B), India ($40.4B), and Turkey ($25.3B).

In 2021, countries that imported more from Bangladesh than Russia were Canada ($2.02B), Australia ($1.07B), and Denmark ($1.28B).

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

Comparative Advantage Russia - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Russia had a large net trade with Bangladesh in the exports of .

During 2021, Bangladesh had a large net trade with Russia in the exports of .

Service Trade

Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Bangladesh worth $819M, with Construction services ($697M), Other business services ($113M), and Insurance services ($4.69M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Bangladesh () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Russia has comparative advantage over Bangladesh. Similarly, the more yellow a dot/product is, the more Bangladesh has comparative advantage over Russia.

Product Space of Russia () and Bangladesh () (2021)

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