India-Bangladesh Bilateral Trade Analysis 2023
Complete trade statistics: $13.15B total volume •India surplus: $9.36B
India → Bangladesh
$11.25B
Exports (2023)
Bangladesh → India
$1.89B
Imports (2023)
Trade Balance
$9.36B
Surplus for India
Total Trade
$13.15B
Combined Volume
Trade Flow Visualization
Direct trade relationship between India and Bangladesh. Green line shows exports from India, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the India-Bangladesh commercial relationship and competitive positioning in global markets.
India → Bangladesh Exports
Export Market Intelligence
🎯 Strategic Export Focus
India's export portfolio to Bangladesh demonstrates strong diversification across multiple sectors, with electrical energy representing a key competitive advantage in this bilateral market.
Bangladesh → India Imports
Import Dependency Profile
📦 Import Strategy Analysis
India's import pattern from Bangladesh reveals significant dependencyin aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
India demonstrates competitive strength in exportingelectrical energy to Bangladesh, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $13.15B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: India-Bangladesh Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $13.15 billionrepresenting a significant bilateral economic relationship
- Trade Balance: India maintains a surplus of $9.36 billion
- Export Focus: India's primary exports include electrical energy, petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, cotton: not carded or combed
- Import Dependencies: Key imports from Bangladesh include aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg, trousers, bib and brace overalls, breeches and shorts: men's or boys', of cotton (not knitted or crocheted), rags: used or new, scrap twine, cordage, rope and cables and worn out articles of twine, cordage, rope or cables, of textile materials: sorted
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global 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 $13.15B 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 India leveraging its comparative advantages in electrical energy.
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
India's specialization in electrical energycomplements Bangladesh's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $13.15B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $13.15B 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 $13.15 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in electrical energy and aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
India's trade surplus of $9.36 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 India and Bangladesh represents a total trade volume of $13.15 billion in 2023. This partnership demonstrates a favorable trade balance for India, with exports exceeding importsby $9.36 billion.
Export Strengths
India's exports to Bangladesh total $11.25 billion, with competitive advantages in electrical energy, representing $1.42B or12.7% of bilateral exports.
Import Dependencies
Imports from Bangladesh amount to $1.89 billion, highlighting economic interdependence in aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg, with Aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg comprising9.1% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates India'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 India and Bangladesh in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023