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Who does Bangladesh rely on?

The largest supplier of Bangladesh in 2024 is China, with 35.9% of what Bangladesh buys. Its share was 30.4% in 2019 and 9.2% in 1995. 586 of the 813 products Bangladesh buys for more than $1 million have a supplier selling more than 50% of what Bangladesh buys of that product; in 290, more than 75%. In those products, purchases from each one’s dominant supplier add up to 46.7% of what Bangladesh buys.

Summary

Largest supplier: China
35.9%
Concentration (HHI)
1,728
Products with a supplier above 50%
586
Products with a supplier above 75%
290

Concentration index (HHI): 1,728 out of 10,000; equivalent to splitting purchases among 6 suppliers of the same size

Trend

Trend in shares

China went from 9.2% to 35.9% of what Bangladesh buys

Share (%)

  • China 35.9%
  • India 17.8%
  • Indonesia 4.8%
  • Singapore 4.6%
  • Malaysia 4.1%

Source: CEPII BACI

Show the numbers
YearLargest supplierShare
1995India13.3%
1996India17.2%
1997India14.1%
1998India13.7%
1999China12.3%
2000China10.2%
2001India11.2%
2002India15%
2003India15.1%
2004China13.4%
2005China15.5%
2006China13.9%
2007China15.8%
2008China18.3%
2009China15.9%
2010China17.5%
2011Thailand20.6%
2012China17.5%
2013China19.2%
2014China29.6%
2015China21.6%
2016China22.6%
2017China21.9%
2018China19.4%
2019China30.4%
2020China30.6%
2021China31.1%
2022China31.7%
2023China33%
2024China35.9%

Its suppliers

  1. China$22.8 billion · 35.9%
  2. India$11.3 billion · 17.8%
  3. Indonesia$3 billion · 4.8%
  4. Singapore$2.9 billion · 4.6%
  5. Malaysia$2.6 billion · 4.1%
  6. Brazil$2.5 billion · 3.9%
  7. United States$2.2 billion · 3.4%
  8. Japan$1.5 billion · 2.3%
  9. Australia$1.3 billion · 2.1%
  10. South Korea$1.3 billion · 2.1%

Some of these goods may have been produced in another country: countries record origin in different ways.

Products with a dominant supplier

Of the 813 products Bangladesh buys for more than $1 million in 2024, these are the highest-value ones with a dominant supplier.

ProductSupplierShareSecondValue
Cotton yarnIndia84.2%over 75%China · 7%$1.8 billion
Other knitted fabricChina84.1%over 75%India · 4.7%$1.8 billion
Synthetic filament fabricChina79.7%over 75%Taiwan · 6.9%$1.4 billion
Palm oilIndonesia72.7%Malaysia · 27.3%$1.3 billion
CoalIndonesia92.6%over 75%South Africa · 5.6%$1.1 billion
ElectricityIndia100%over 75%Singapore · 0.02%$1.1 billion
SoybeansBrazil53%United States · 39%$896 million
Cane and beet sugarBrazil87.1%over 75%India · 10.4%$870 million
Dried legumes (beans, lentils, peas)Australia52.1%India · 22.6%$809 million
Heavy blended cotton fabricChina76.5%over 75%Pakistan · 9.6%$798 million
Lightweight cotton fabricChina75.9%over 75%India · 19.2%$773 million
WheatCanada53.4%Ukraine · 26.7%$692 million
Cameras and broadcast equipmentChina75.2%over 75%Singapore · 13.9%$657 million
Soybean oilArgentina66.6%Brazil · 21%$630 million
Linen fabricChina97.6%over 75%India · 2.2%$549 million
Phosphate fertilizersMorocco87.8%over 75%Tunisia · 7.5%$526 million
Knitted plush and terry fabricChina95.9%over 75%Malaysia · 1.4%$520 million
Plastic-coated fabricChina75.5%over 75%Taiwan · 7.8%$504 million
Synthetic fiber yarnChina91.3%over 75%Indonesia · 3.5%$459 million
Synthetic filament yarnChina74.4%India · 12%$443 million
MicrochipsChina63.8%Hong Kong · 29%$434 million
Rayon fabricChina94%over 75%India · 4.5%$392 million
CarsJapan78.6%over 75%China · 10.3%$387 million
CementIndonesia58.2%Thailand · 23.1%$364 million
Powdered and condensed milkNew Zealand64.3%Singapore · 6.9%$358 million

and 561 more

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Countries that sell more than 50% of some product; the darker, the higher the value of those products.

Selling: who it relies on

Largest customer: United States
14.8%
Concentration (HHI)
695

Concentration index (HHI): 695 out of 10,000; equivalent to splitting sales among 14 customers of the same size

Trend in shares

The United States went from 34% to 14.8% of what Bangladesh sells

Share (%)

  • United States 14.8%
  • Germany 14.6%
  • France 7.3%
  • United Kingdom 7.1%
  • Poland 6.8%

Source: CEPII BACI

Show the numbers
YearLargest customerShare
1995United States34%
1996United States33.5%
1997United States35.2%
1998United States36%
1999United States39.5%
2000United States36.5%
2001United States34.7%
2002United States33.9%
2003United States27.5%
2004United States24.8%
2005United States27%
2006United States24.4%
2007United States23.6%
2008United States22.7%
2009United States21.6%
2010United States21.9%
2011United States19.2%
2012United States18.1%
2013United States18%
2014United States16.2%
2015United States17.4%
2016United States15.9%
2017Germany14.6%
2018Germany15.1%
2019United States14.6%
2020Germany15.9%
2021United States16.5%
2022United States17.8%
2023United States14.9%
2024United States14.8%

125 of the 246 products Bangladesh sells for more than $1 million have a customer buying more than 50% of what Bangladesh sells of that product; in 65, more than 75%. In those products, sales to each one’s dominant customer add up to 3.5% of what Bangladesh sells.

ProductCustomerShareSecondValue
Knitted and felt hatsUnited States59.8%Germany · 6.2%$568 million
WigsUnited States83.9%over 75%Germany · 4.2%$155 million
Jute and other bast fibersIndia59.6%Pakistan · 15.3%$146 million
Rags and textile scrapsIndia85.9%over 75%United States · 5.2%$125 million
Prepared human hairChina99.5%over 75%Singapore · 0.27%$119 million
Other vegetable oilsIndia95%over 75%Taiwan · 2.8%$116 million
Tanned cattle hidesChina61.7%India · 12.9%$104 million
Fresh fishIndia93.9%over 75%Kuwait · 3.4%$80 million
Cotton yarnChina99.3%over 75%Mauritius · 0.37%$79 million
Refined petroleumMalaysia99.2%over 75%Austria · 0.28%$78 million
Jute fabricIndia60%United States · 10%$78 million
Prepared shellfishChina82.3%over 75%Thailand · 5.1%$71 million
Airplanes and helicoptersIndia100%over 75%—$68 million
Other nuts (almonds, walnuts)India99.6%over 75%United Kingdom · 0.14%$47 million
Coated or rubberized knitted garmentsUnited States53.3%Spain · 7.7%$44 million

and 110 more

Concentration compared

The closest countries in the concentration ranking (HHI, highest first).

RankCountryHHI
71Democratic Republic of the Congo1,751
72Vanuatu1,730
73Bangladesh1,728
74Paraguay1,724
75Costa Rica1,719
76Iraq1,694

Sources and method

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.