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In 2016, Bangladesh GDP was an estimated $226.8 billion (current market exchange rates); real GDP was up by an estimated 6.9%; and the population was 162 million. (Source: IMF)
Bangladesh is currently our 50th largest goods trading partner with $6.8 billion in total (two way) goods trade during 2016. Goods exports totaled $895 million; goods imports totaled $5.9 billion. The U.S. goods trade deficit with Bangladesh was $5.0 billion in 2016.
According to the Department of Commerce, U.S. exports of goods to Bangladesh supported an estimated 6 thousand jobs in 2015 (latest data available).
U.S.-Bangladesh Trade Facts
Bangladesh is currently our 58th largest goods trading partner with $6.1 billion in total (two way) goods trade during 2013. Goods exports totaled $712 million; Goods imports totaled $5.4 billion. The U.S. goods trade deficit with Bangladesh was $4.6 billion in 2013.
Exports
Bangladesh was the United States' 79th largest goods export market in 2016.
U.S. goods exports to Bangladesh in 2016 were $895 million, down 5.0% ($47 million) from 2015 but up 169% from 2006.
The top export categories (2-digit HS) in 2016 were: miscellaneous grain, seeds, fruit (soybeans) ($249 million), cotton ($96 million), machinery ($83 million), food waste, animal feed ($72 million), and iron and steel ($72 million).
U.S. total exports of agricultural products to Bangladesh totaled $496 million in 2016. Leading domestic export categories include: soybeans ($232 million), cotton ($95 million), soybean meal ($58 million), corn ($39 million), and feeds & fodders nesoi ($22 million).
Imports
Bangladesh was the United States' 41st largest supplier of goods imports in 2016.
U.S. goods imports from Bangladesh totaled $5.9 billion in 2016, down 1.3% ($79 million) from 2015, but up 81% from 2006.
The top import categories (2-digit HS) in 2016 were: woven apparel ($3.8 billion), knit apparel ($1.4 billion), miscellaneous textile articles ($206 million), headgear ($174 million), and footwear ($105 million).
U.S. total imports of agricultural products from Bangladesh totaled $23 million in 2016.
Trade Balance
The U.S. goods trade deficit with Bangladesh was $5.0 billion in 2016, a 0.6% decrease ($32 million) over 2015.
U.S. foreign direct investment (FDI) in Bangladesh (stock) was $589 million in 2015 (latest data available), a 24.3% increase from 2014. There is no information on the distribution of U.S. FDI in Bangladesh.
No data on Bangladesh's FDI in the U.S. are available.
|
U.S. Goods Trade with Bangladesh (in millions of dollars) |
||||||||
|
|
1995 |
2000 |
2006 |
2012 |
2013 |
2014 |
2015 |
2016 |
|
Total |
1,582.3 |
2,656.7 |
3,604.3 |
5,423.8 |
6,060.7 |
6,390.4 |
6,933.8 |
6,807.7 |
|
Exports |
325.1 |
239.1 |
333.0 |
508.2 |
708.8 |
1,113.2 |
942.5 |
895.4 |
|
Imports |
1,257.2 |
2,417.6 |
3,271.4 |
4,915.6 |
5,351.9 |
5,277.2 |
5,991.3 |
5,912.3 |
|
Balance |
-932.2 |
-2,178.4 |
-2,938.4 |
-4,407.4 |
-4,643.2 |
-4,164.0 |
-5,048.7 |
-5,016.9 |
|
U.S. Agricultural Trade with Bangladesh (in millions of dollars) |
||||||||
|
|
|
2006 |
2012 |
2013 |
2014 |
2015 |
2016 |
|
|
|
Total |
85.8 |
202.5 |
273.4 |
385.6 |
516.0 |
518.7 |
|
|
|
Exports |
79.6 |
180.7 |
252.8 |
364.7 |
493.9 |
495.8 |
|
|
|
Imports |
6.2 |
21.8 |
20.6 |
20.9 |
22.1 |
22.9 |
|
|
|
Balance |
73.5 |
158.9 |
232.2 |
343.7 |
471.8 |
472.9 |
|
|
U.S. Manufacturing Trade with Bangladesh (in millions of dollars) |
||||||||
|
|
|
2006 |
2012 |
2013 |
2014 |
2015 |
2016 |
|
|
|
Total |
3,299.1 |
5,114.8 |
5,760.1 |
6,023.6 |
6,388.3 |
6,230.2 |
|
|
|
Exports |
232.5 |
356.9 |
497.5 |
808.3 |
484.3 |
422.7 |
|
|
|
Imports |
3,066.6 |
4,757.9 |
5,262.7 |
5,215.3 |
5,904.0 |
5,807.5 |
|
|
|
Balance |
-2,834.1 |
-4,401.0 |
-4,765.2 |
-4,407.0 |
-5,419.7 |
-5,384.8 |
|
Last updated: February 13, 2017
