Bangladesh-Italy Bilateral Trade Analysis 2023
Complete trade statistics: $2.37B total volume •Bangladesh surplus: $1.18B
Bangladesh → Italy
$1.77B
Exports (2023)
Italy → Bangladesh
$592.71M
Imports (2023)
Trade Balance
$1.18B
Surplus for Bangladesh
Total Trade
$2.37B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Bangladesh and Italy. Green line shows exports from Bangladesh, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Bangladesh-Italy commercial relationship and competitive positioning in global markets.
Bangladesh → Italy Exports
Export Market Intelligence
🎯 Strategic Export Focus
Bangladesh's export portfolio to Italy demonstrates strategic specialization, with t-shirts, singlets and other vests: of cotton, knitted or crocheted representing a key competitive advantage in this bilateral market.
Italy → Bangladesh Imports
Import Dependency Profile
📦 Import Strategy Analysis
Bangladesh's import pattern from Italy reveals significant dependencyin metal-rolling mills: hot or combination hot and cold rolling mills, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Bangladesh demonstrates competitive strength in exportingt-shirts, singlets and other vests: of cotton, knitted or crocheted to Italy, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $2.37B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Bangladesh-Italy Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $2.37 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Bangladesh maintains a surplus of $1.18 billion
- Export Focus: Bangladesh's primary exports include t-shirts, singlets and other vests: of cotton, knitted or crocheted, trousers, bib and brace overalls, breeches and shorts: men's or boys', of cotton (not knitted or crocheted), jerseys, pullovers, cardigans, waistcoats and similar articles: of cotton, knitted or crocheted
- Import Dependencies: Key imports from Italy include metal-rolling mills: hot or combination hot and cold rolling mills, machines and mechanical appliances: having individual functions, n.e.c. or included in this chapter, machines: for washing, bleaching or dyeing
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $2.37B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Bangladesh leveraging its comparative advantages in t-shirts, singlets and other vests: of cotton, knitted or crocheted.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Bangladesh's specialization in t-shirts, singlets and other vests: of cotton, knitted or crochetedcomplements Italy's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in metal-rolling mills: hot or combination hot and cold rolling mills.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $2.37B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $2.37B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $2.37 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in t-shirts, singlets and other vests: of cotton, knitted or crocheted and metal-rolling mills: hot or combination hot and cold rolling mills demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Bangladesh's trade surplus of $1.18 billion strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Bangladesh and Italy represents a total trade volume of $2.37 billion in 2023. This partnership demonstrates a favorable trade balance for Bangladesh, with exports exceeding importsby $1.18 billion.
Export Strengths
Bangladesh's exports to Italy total $1.77 billion, with competitive advantages in t-shirts, singlets and other vests: of cotton, knitted or crocheted, representing $278.12M or15.7% of bilateral exports.
Import Dependencies
Imports from Italy amount to $592.71 million, highlighting economic interdependence in metal-rolling mills: hot or combination hot and cold rolling mills, with Metal-rolling mills: hot or combination hot and cold rolling mills comprising5.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Bangladesh's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Bangladesh and Italy in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023