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Bangladesh

Bangladesh ranked No. 51 in total trade value through October with a total of $6.84 billion. Exports totaled $1.61 billion and Imports totaled $5.23 billion, a deficit of $3.62 billion.

January – October 2018

Top Trading Ports

Total Trade: $6.84 billion

RankPortTotal YTD
1Port of Newark $1,750,724,555
2Port of Savannah, Ga. $1,379,381,053
3Port of Los Angeles $1,316,188,877
4Port of Virginia $220,862,759
5John F. Kennedy International Airport $194,561,516
6Port of Long Beach $169,827,574
7Port of Charleston $166,647,217
8Port of Oakland, Calif. $161,819,602
9Port of Tacoma, Wash. $148,636,911
10Port of Everett, Wash. $141,849,572

U.S. trade with Bangladesh rose to $6.84 billion through October

Bangladesh’s trade with the United States rose to $6.84 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 10.47 percent above its total trade during the same time period last year. Bangladesh’s exports increased 22.53 percent while imports rose 7.22 percent. The U.S. deficit with Bangladesh was $3.62 billion.

Through October, 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 John F. Kennedy International Airport. 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 Long Beach and No. 5 Port of Greater Baton Rouge, La.. In the current time period, the top five accounted for 71.07 percent of Bangladesh’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 15.4 percent to $1.75 billion.
    Exports rose 145.36 percent to $19.68 million. Imports rose 14.71 percent to $1.73 billion.
  • Trade with No. 2 Port of Savannah, Ga. fell 0.83 percent to $1.38 billion.
    Exports rose 4.97 percent to $232.44 million. Imports fell 1.93 percent to $1.15 billion.
  • Trade with No. 3 Port of Los Angeles rose 10.22 percent to $1.32 billion.
    Exports rose 23.78 percent to $148.58 million. Imports rose 8.7 percent to $1.17 billion.
  • Trade with No. 4 Port of Virginia rose 30.61 percent to $220.86 million.
    Exports rose 88.65 percent to $82.89 million. Imports rose 10.23 percent to $137.97 million.
  • Trade with No. 5 John F. Kennedy International Airport rose 17.53 percent to $194.56 million.
    Exports fell 38.2 percent to $21.84 million. Imports rose 32.66 percent to $172.72 million.

Bangladesh ranked No. 51 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 52.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Bangladesh by value through October were the categories of Cotton; Soybeans; Scrap iron, steel; Civilian aircraft, parts; and Wheat, respectively. They accounted for 72.22 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 60.87 percent of all inbound shipments.

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

  • Cotton rose 45.14 percent compared to last year to $368.11 million.
  • Soybeans fell 3.71 percent compared to last year to $351.83 million.
  • Scrap iron, steel rose 76 percent compared to last year to $244.33 million.
  • Civilian aircraft, parts rose 612.47 percent compared to last year to $158.63 million.
  • Wheat fell 42.98 percent compared to last year to $39.01 million.

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

  • Men’s or boys’ slacks, suits, not knit rose 8.66 percent compared to last year to $1.38 billion.
  • Women’s or girls’ suits, not knit rose 8.19 percent compared to last year to $718.38 million.
  • Men’s or boys’ shirts, not knitted or crocheted rose 3.21 percent compared to last year to $547.07 million.
  • Sweaters, pullovers, vests, knit or crocheted rose 10.88 percent compared to last year to $357.07 million.
  • T-shirts, tank tops, knit or crocheted rose 12.53 percent compared to last year to $185.4 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.