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Bangladesh

Bangladesh ranked No. 48 in total trade value through February with a total of $1.42 billion. Exports totaled $250.96 million and Imports totaled $1.17 billion, a deficit of $914.05 million.

January – February 2019

Top Trading Ports

Total Trade: $1.42 billion

RankPortTotal YTD
1Port of Newark $369,298,433
2Port of Los Angeles $293,013,846
3Port of Savannah, Ga. $275,875,495
4Port of Virginia $78,429,194
5Port of Southern Louisiana, Gramercy, St. James Parish $59,797,958
6Port of Charleston $47,299,454
7Port of Oakland, Calif. $36,601,496
8Port of Tacoma, Wash. $31,697,311
9John F. Kennedy International Airport $30,922,876
10Port of Greater Baton Rouge, La. $30,164,625

U.S. trade with Bangladesh rose to $1.42 billion through February

Bangladesh’s trade with the United States rose to $1.42 billion through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 8.57 percent above its total trade during the same time period last year. Bangladesh’s exports increased 1.88 percent while imports rose 10.13 percent. The U.S. deficit with Bangladesh was $914.05 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of Los Angeles; No. 3 Port of Savannah, Ga.; No. 4 Port of Virginia; and No. 5 Port of Southern Louisiana, Gramercy, St. James Parish. 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 Southern Louisiana, Gramercy, St. James Parish and No. 5 Port of Long Beach. In the current time period, the top five accounted for 76.02 percent of Bangladesh’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 1.04 percent to $369.3 million.
    Exports rose 18.27 percent to $1.47 million. Imports rose 0.98 percent to $367.83 million.
  • Trade with No. 2 Port of Los Angeles rose 14.61 percent to $293.01 million.
    Exports fell 21.18 percent to $22.47 million. Imports rose 19.1 percent to $270.54 million.
  • Trade with No. 3 Port of Savannah, Ga. fell 2.83 percent to $275.88 million.
    Exports fell 1.38 percent to $45.07 million. Imports fell 3.11 percent to $230.8 million.
  • Trade with No. 4 Port of Virginia rose 157.2 percent to $78.43 million.
    Exports fell 6 percent to $6.8 million. Imports rose 207.96 percent to $71.63 million.
  • Trade with No. 5 Port of Southern Louisiana, Gramercy, St. James Parish fell 9.67 percent to $59.8 million.
    Exports fell 9.67 percent to $59.8 million. There were no imports.

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. 51.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Bangladesh by value through February were the categories of Soybeans; Cotton; Scrap iron, steel; Sugar and starch residues; and Compressors and pumps, respectively. They accounted for 73.8 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 62.84 percent of all inbound shipments.

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

  • Soybeans rose 37.2 percent compared to last year to $92.34 million.
  • Cotton fell 30.4 percent compared to last year to $58.28 million.
  • Scrap iron, steel rose 11.99 percent compared to last year to $25.63 million.
  • Sugar and starch residues rose 7.12 percent compared to last year to $4.85 million.
  • Compressors and pumps rose 630.18 percent compared to last year to $4.11 million.

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

  • Men’s or boys’ slacks, suits, not knit rose 6.95 percent compared to last year to $325.6 million.
  • Women’s or girls’ suits, not knit rose 9.65 percent compared to last year to $176.17 million.
  • Men’s or boys’ shirts, not knitted or crocheted rose 16.87 percent compared to last year to $126.82 million.
  • Sweaters, pullovers, vests, knit or crocheted rose 18.66 percent compared to last year to $63.85 million.
  • T-shirts, tank tops, knit or crocheted rose 0.48 percent compared to last year to $39.69 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.