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Bangladesh

Bangladesh ranked No. 48 in total trade value through August with a total of $5.69 billion. Exports totaled $1.08 billion and Imports totaled $4.61 billion, a deficit of $3.53 billion.

January – August 2019

Top Trading Ports

Total Trade: $5.69 billion

RankPortTotal YTD
1Port of Newark $1,361,890,591
2Port of Savannah, Ga. $1,218,823,333
3Port of Los Angeles $1,109,475,473
4Port of Virginia $327,657,217
5Port of Charleston $174,269,385
6Port of Tacoma, Wash. $173,546,697
7Port of Everett, Wash. $144,644,406
8John F. Kennedy International Airport $138,696,098
9Port of Oakland, Calif. $116,529,200
10Port of Houston $99,801,906

U.S. trade with Bangladesh rose to $5.69 billion through August

Bangladesh’s trade with the United States rose to $5.69 billion through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 3.86 percent above its total trade during the same time period last year. U.S. exports to Bangladesh decreased 19.35 percent while U.S. imports from Bangladesh rose 11.38 percent. The U.S. deficit with Bangladesh was $3.53 billion.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of Savannah, Ga.; No. 3 Port of Los Angeles; No. 4 Port of Virginia; and No. 5 Port of Charleston. During the same period the previous year, the top five were No. 1 Port of Newark No. 2 Port of Savannah, Ga. No. 3 Port of Los Angeles No. 4 Port of Virginia and No. 5 John F. Kennedy International Airport. In the current time period, the top five accounted for 73.73 percent of Bangladesh’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 1.23 percent to $1.36 billion.
    Exports fell 47.86 percent to $7.52 million. Imports fell 0.74 percent to $1.35 billion.
  • Trade with No. 2 Port of Savannah, Ga. rose 8.27 percent to $1.22 billion.
    Exports rose 14.64 percent to $219.89 million. Imports rose 6.96 percent to $998.93 million.
  • Trade with No. 3 Port of Los Angeles rose 5.12 percent to $1.11 billion.
    Exports fell 28.47 percent to $98.54 million. Imports rose 10.16 percent to $1.01 billion.
  • Trade with No. 4 Port of Virginia rose 92.89 percent to $327.66 million.
    Exports fell 54.07 percent to $34.52 million. Imports rose 209.53 percent to $293.14 million.
  • Trade with No. 5 Port of Charleston rose 19.1 percent to $174.27 million.
    Exports fell 63.31 percent to $35.11 million. Imports rose 174.86 percent to $139.16 million.

Bangladesh ranked No. 48 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 50.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Bangladesh by value through August were the categories of Cotton; Scrap iron, steel; Civilian aircraft, parts; Soybeans; and Sugar and starch residues, respectively. They accounted for 74.57 percent of total exports to Bangladesh.

The value of the top five categories of U.S. imports from Bangladesh –– Men’s or boys’ slacks, suits, not knit; Women’s or girls’ suits, not knit; Men’s or boys’ shirts, not knitted or crocheted; Sweaters, pullovers, vests, knit or crocheted; and T-shirts, tank tops, knit or crocheted –– accounted for 61.14 percent of all inbound shipments.

Looking more closely at U.S. exports to Bangladesh:

  • Cotton fell 10.15 percent compared to last year to $294.15 million.
  • Scrap iron, steel fell 10.54 percent compared to last year to $169.95 million.
  • Civilian aircraft, parts fell 2.45 percent compared to last year to $151.55 million.
  • Soybeans fell 48.16 percent compared to last year to $150.31 million.
  • Sugar and starch residues rose 63.85 percent compared to last year to $39.4 million.

Looking more closely at U.S. imports from Bangladesh:

  • Men’s or boys’ slacks, suits, not knit rose 6.66 percent compared to last year to $1.21 billion.
  • Women’s or girls’ suits, not knit rose 15.39 percent compared to last year to $688.22 million.
  • Men’s or boys’ shirts, not knitted or crocheted rose 9.21 percent compared to last year to $445.25 million.
  • Sweaters, pullovers, vests, knit or crocheted rose 24.75 percent compared to last year to $309.85 million.
  • T-shirts, tank tops, knit or crocheted rose 4.47 percent compared to last year to $160.02 million.

In the latest annual figures available, Bangladesh recorded $7.15 billion in trade with the United States. At year’s end, its were New York City; Atlanta/Savannah; Los Angeles; New Orleans; and Cleveland. Total U.S. exports to Bangladesh were $ 1.46 billion and imports from Bangladesh were $5.69 billion. The U.S. deficit with Bangladesh was $4.22 billion.