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Bangladesh

Bangladesh ranked No. 48 in total trade value through June with a total of $4.2 billion. Exports totaled $717.47 million and Imports totaled $3.48 billion, a deficit of $2.76 billion.

January – June 2019

Top Trading Ports

Total Trade: $4.2 billion

RankPortTotal YTD
1Port of Newark $1,070,447,215
2Port of Savannah, Ga. $926,216,899
3Port of Los Angeles $827,561,560
4Port of Virginia $243,425,048
5Port of Charleston $131,166,310
6Port of Tacoma, Wash. $125,636,967
7Port of Oakland, Calif. $103,554,703
8John F. Kennedy International Airport $100,074,689
9Port of Houston $75,544,540
10Port of Long Beach $64,132,283

U.S. trade with Bangladesh rose to $4.2 billion through June

Bangladesh’s trade with the United States rose to $4.2 billion through the first six months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 5.32 percent above its total trade during the same time period last year. Bangladesh’s exports decreased 21.76 percent while imports rose 13.41 percent. The U.S. deficit with Bangladesh was $2.76 billion.

Through June, 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 Port of Charleston. In the current time period, the top five accounted for 76.21 percent of Bangladesh’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 4.61 percent to $1.07 billion.
    Exports fell 61.03 percent to $4.83 million. Imports rose 5.42 percent to $1.07 billion.
  • Trade with No. 2 Port of Savannah, Ga. rose 6.56 percent to $926.22 million.
    Exports rose 3.76 percent to $164.75 million. Imports rose 7.19 percent to $761.47 million.
  • Trade with No. 3 Port of Los Angeles rose 4.11 percent to $827.56 million.
    Exports fell 34.89 percent to $80.47 million. Imports rose 11.28 percent to $747.1 million.
  • Trade with No. 4 Port of Virginia rose 75 percent to $243.43 million.
    Exports fell 63.56 percent to $25.11 million. Imports rose 211.08 percent to $218.31 million.
  • Trade with No. 5 Port of Charleston rose 5.52 percent to $131.17 million.
    Exports fell 66.79 percent to $27.55 million. Imports rose 150.64 percent to $103.62 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. 53.

Meanwhile, total U.S. trade with the world increased to $2.06 trillion, down 0.14 percent compared to the same period last year. The nation’s exports dropped 0.75 percent to $823.61 billion; imports climbed 0.28 percent to $1.24 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 $412.15 billion, up compared to the same period of last year when the deficit was $402.47 billion.

The top five U.S. exports to Bangladesh by value through June were the categories of Cotton; Scrap iron, steel; Soybeans; Sugar and starch residues; and Misc. uncoated kraft paper, paperboard, respectively. They accounted for 70.65 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 62.05 percent of all inbound shipments.

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

  • Cotton fell 23.1 percent compared to last year to $219.44 million.
  • Scrap iron, steel rose 5.98 percent compared to last year to $139.62 million.
  • Soybeans fell 42.78 percent compared to last year to $112.75 million.
  • Sugar and starch residues rose 54.01 percent compared to last year to $25.93 million.
  • Misc. uncoated kraft paper, paperboard fell 45.55 percent compared to last year to $9.13 million.

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

  • Men’s or boys’ slacks, suits, not knit rose 9.53 percent compared to last year to $970.32 million.
  • Women’s or girls’ suits, not knit rose 16.55 percent compared to last year to $546.22 million.
  • Men’s or boys’ shirts, not knitted or crocheted rose 17.98 percent compared to last year to $318.82 million.
  • Sweaters, pullovers, vests, knit or crocheted rose 24.09 percent compared to last year to $195.46 million.
  • T-shirts, tank tops, knit or crocheted rose 6.95 percent compared to last year to $128.46 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.