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Trade between Bangladesh and Singapore

In 2024, Bangladesh exported $176 million to Singapore and imported $2.9 billion. Bangladesh ran a deficit of $2.8 billion with Singapore, compared with a deficit of $2.7 billion in 2019. Singapore was Bangladesh’s 10th largest trading partner (3% of its trade), and Bangladesh was Singapore’s 32nd (0.4%).

Summary

Bangladesh → Singapore
$176million
Singapore → Bangladesh
$2.9billion
Bangladesh’s balance
-$2.8billion

Balance

Bangladesh’s trade balance with Singapore

Trade between Bangladesh and Singapore grew 5.6-fold since 1995

USD billions (current). Bangladesh’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 0.2
  • Imports 2.9
  • Balance -2.8

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$56 million$495 million-$439 million
1996$37 million$509 million-$472 million
1997$84 million$585 million-$501 million
1998$69 million$585 million-$517 million
1999$58 million$641 million-$584 million
2000$116 million$729 million-$613 million
2001$96 million$711 million-$616 million
2002$77 million$620 million-$543 million
2003$117 million$679 million-$562 million
2004$146 million$573 million-$427 million
2005$116 million$500 million-$385 million
2006$161 million$603 million-$442 million
2007$131 million$538 million-$408 million
2008$130 million$895 million-$765 million
2009$87 million$1.6 billion-$1.5 billion
2010$81 million$1.7 billion-$1.7 billion
2011$197 million$2.2 billion-$2 billion
2012$299 million$2.5 billion-$2.2 billion
2013$198 million$2.6 billion-$2.4 billion
2014$132 million$3.3 billion-$3.2 billion
2015$193 million$4.3 billion-$4.1 billion
2016$242 million$5.5 billion-$5.3 billion
2017$443 million$5.9 billion-$5.5 billion
2018$413 million$6.3 billion-$5.9 billion
2019$231 million$3 billion-$2.7 billion
2020$163 million$2.3 billion-$2.1 billion
2021$174 million$3.5 billion-$3.4 billion
2022$191 million$4.7 billion-$4.5 billion
2023$132 million$3.1 billion-$3 billion
2024$176 million$2.9 billion-$2.8 billion

What they sell each other

What Bangladesh sells to Singapore

The top 10 headings in 2024, with their share of the total.

  1. Men's suits and trousers$30 million · 17.3%
    974 tonnes
  2. T-shirts$26 million · 14.9%
    833 tonnes
  3. Women's suits and dresses$21 million · 12.2%
    729 tonnes
  4. Sweaters and pullovers$11 million · 6.4%
    396 tonnes
  5. Men's shirts$8 million · 4.8%
    164 tonnes
  6. 340 tonnes
  7. Men's knitted shirts$8 million · 4.4%
    334 tonnes
  8. 180 tonnes
  9. Bags, suitcases and cases$4 million · 2.4%
    125 tonnes
  10. Women's blouses$3 million · 1.8%
    64 tonnes

What Singapore sells to Bangladesh

The top 10 headings in 2024, with their share of the total.

  1. Refined petroleum$998 million · 34.1%
    1.7 million tonnes · Singapore’s destinations
  2. Jewelry$218 million · 7.4%
    3 tonnes · Singapore’s destinations
  3. Ferrous scrap$158 million · 5.4%
    385 thousand tonnes · Bangladesh’s sources
  4. Polyethylene$142 million · 4.9%
    137 thousand tonnes · Singapore’s destinations
  5. Synthetic dyes$99 million · 3.4%
    12 thousand tonnes
  6. Gold$93 million · 3.2%
    1 tonne · Singapore’s destinations
  7. 122 tonnes
  8. Sewing machines$62 million · 2.1%
    2 thousand tonnes
  9. Computers$51 million · 1.7%
    254 tonnes · Singapore’s destinations
  10. Fragrance mixtures$47 million · 1.6%
    3 thousand tonnes

How it travels

Estimated sea route from Chittagong to Singapore.

The estimated sea route between Chittagong and Singapore is 1,553 nautical miles (2,876 km) long: ≈ 3.5–4.5 days at sea (at 18 and 14 knots).

Passages it crosses: Strait of Malacca and Singapore.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$2.4 billion · 76.1%
  2. Air$743 million · 23.9%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Singapore was Bangladesh’s 10th largest trading partner (3% of its trade), and Bangladesh was Singapore’s 32nd (0.4%).

Singapore in Bangladesh’s trade
2.5%
Singapore’s rank among Bangladesh’s partners
10th
Bangladesh in Singapore’s trade
0.4%
Bangladesh’s rank among Singapore’s partners
32nd

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.