Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Bangladesh

Bangladesh ranked No. 51 in total trade value through November with a total of $7.56 billion. Exports totaled $1.9 billion and Imports totaled $5.66 billion, a deficit of $3.76 billion.

January – November 2018

Top Trading Ports

Total Trade: $7.56 billion

RankPortTotal YTD
1Port of Newark $1,881,412,533
2Port of Savannah, Ga. $1,483,281,987
3Port of Los Angeles $1,417,643,935
4Port of Everett, Wash. $284,115,627
5Port of Virginia $244,150,894
6Port of Charleston $208,349,235
7John F. Kennedy International Airport $205,605,654
8Port of Long Beach $180,085,639
9Port of Oakland, Calif. $168,221,432
10Port of Tacoma, Wash. $161,622,788

U.S. trade with Bangladesh rose to $7.56 billion through November

Bangladesh’s trade with the United States rose to $7.56 billion through the first 11 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 13.13 percent above its total trade during the same time period last year. Bangladesh’s exports increased 38.2 percent while imports rose 6.63 percent. The U.S. deficit with Bangladesh was $3.76 billion.

Through November, 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 Everett, Wash.; and No. 5 Port of Virginia. 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 John F. Kennedy International Airport. In the current time period, the top five accounted for 70.23 percent of Bangladesh’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 14.68 percent to $1.88 billion.
    Exports rose 153.31 percent to $21.02 million. Imports rose 13.97 percent to $1.86 billion.
  • Trade with No. 2 Port of Savannah, Ga. fell 1.3 percent to $1.48 billion.
    Exports rose 4.92 percent to $242.87 million. Imports fell 2.43 percent to $1.24 billion.
  • Trade with No. 3 Port of Los Angeles rose 9.74 percent to $1.42 billion.
    Exports rose 25.23 percent to $154.67 million. Imports rose 8.1 percent to $1.26 billion.
  • Trade with No. 4 Port of Everett, Wash. totaled $284.12 million.
    Exports totaled $284.12 million. There were no imports.
  • Trade with No. 5 Port of Virginia rose 37.58 percent to $244.15 million.
    Exports rose 82.77 percent to $86.41 million. Imports rose 21.17 percent to $157.74 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. 53.

Meanwhile, total U.S. trade with the world increased to $3.87 trillion, up 8.92 percent compared to the same period last year. The nation’s exports climbed 8.46 percent to $1.53 trillion; imports climbed 9.22 percent to $2.34 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 $806.02 billion, up compared to the same period of last year when the deficit was $728.06 billion.

The top five U.S. exports to Bangladesh by value through November were the categories of Soybeans; Cotton; Civilian aircraft, parts; Scrap iron, steel; and Wheat, respectively. They accounted for 73.27 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 60.77 percent of all inbound shipments.

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

  • Soybeans rose 7.89 percent compared to last year to $394.38 million.
  • Cotton rose 45.55 percent compared to last year to $379.05 million.
  • Civilian aircraft, parts rose 1124.29 percent compared to last year to $301.49 million.
  • Scrap iron, steel rose 65.06 percent compared to last year to $264.45 million.
  • Wheat fell 22.46 percent compared to last year to $53.05 million.

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

  • Men’s or boys’ slacks, suits, not knit rose 7.91 percent compared to last year to $1.47 billion.
  • Women’s or girls’ suits, not knit rose 8.9 percent compared to last year to $779.4 million.
  • Men’s or boys’ shirts, not knitted or crocheted rose 4.43 percent compared to last year to $593.77 million.
  • Sweaters, pullovers, vests, knit or crocheted rose 10.51 percent compared to last year to $393.31 million.
  • T-shirts, tank tops, knit or crocheted rose 10.14 percent compared to last year to $198.67 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.