Bangladesh

Bangladesh ranked No. 46 in total trade value in 2019 with a total of $9.01 billion. Exports totaled $2.33 billion and Imports totaled $6.69 billion, a deficit of $4.36 billion.

U.S. trade with Bangladesh rose to $9.01 billion in 2019

Bangladesh’s trade with the United States rose to $9.01 billion in 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 9.75 percent above its total trade of 2018. U.S. exports to Bangladesh increased 10.3 percent while U.S. imports from Bangladesh rose 9.56 percent. The U.S. deficit with Bangladesh was $4.36 billion.

Through December 2019, 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. In 2018, 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 Everett, Wash. and No. 5 Port of Virginia. In 2019, the top five accounted for 71.09 percent of Bangladesh’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 3.95 percent to $1.95 billion.
    Exports fell 50.05 percent to $11.63 million. Imports fell 3.42 percent to $1.94 billion.
  • Trade with No. 2 Port of Savannah, Ga. rose 6.18 percent to $1.7 billion.
    Exports rose 11.73 percent to $295.16 million. Imports rose 5.08 percent to $1.4 billion.
  • Trade with No. 3 Port of Los Angeles rose 7.57 percent to $1.62 billion.
    Exports fell 10.88 percent to $143.16 million. Imports rose 9.77 percent to $1.48 billion.
  • Trade with No. 4 Port of Everett, Wash. rose 121.08 percent to $628.13 million.
    Exports rose 121.08 percent to $628.13 million. There were no imports.
  • Trade with No. 5 Port of Virginia rose 87.93 percent to $509.29 million.
    Exports fell 37.34 percent to $58.84 million. Imports rose 154.35 percent to $450.45 million.

Bangladesh ranked No. 46 among the United States’ top trade partners in 2019. In 2018, it ranked No. 51.

Meanwhile, total U.S. trade with the world decreased to $4.14 trillion, down 1.37 percent compared to 2018. The nation’s exports dropped 1.13 percent to $1.65 trillion; imports dropped 1.53 percent to $2.5 trillion. The nation’s top five countries for 2019, by value, were Mexico; Canada; China; Japan and Germany. The overall trade deficit was $853.23 billion, down compared to 2018 when the deficit was $873.19 billion.

The top five U.S. exports to Bangladesh by value through December 2019 were the categories of Civilian aircraft, parts; Cotton; Soybeans; Scrap iron, steel; and Sugar and starch residues, respectively. They accounted for 77.43 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 60.35 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 125.28 percent compared to last year to $680.58 million.
  • Cotton fell 1.91 percent compared to last year to $390.33 million.
  • Soybeans fell 10.8 percent compared to last year to $387.8 million.
  • Scrap iron, steel rose 0.74 percent compared to last year to $290.58 million.
  • Sugar and starch residues rose 35.18 percent compared to last year to $52.42 million.

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

  • Men’s or boys’ slacks, suits, not knit rose 5.39 percent compared to last year to $1.67 billion.
  • Women’s or girls’ suits, not knit rose 11.99 percent compared to last year to $942.98 million.
  • Men’s or boys’ shirts, not knitted or crocheted rose 4.43 percent compared to last year to $667.66 million.
  • Sweaters, pullovers, vests, knit or crocheted rose 21.34 percent compared to last year to $515.82 million.
  • T-shirts, tank tops, knit or crocheted rose 12.09 percent compared to last year to $237.32 million.

In 2018 annual figures available, Bangladesh recorded $8.21 billion in trade with the United States. Total U.S. exports to Bangladesh were $2.11 billion and imports from Bangladesh were $6.1 billion. The U.S. deficit with Bangladesh was $3.99 billion.