U.S.-Bangladesh Trade Facts
In 2019, Bangladesh GDP was an estimated $317.5 billion (current market exchange rates); real GDP was up by an estimated 7.9%; and the population was 167 million. (Source: IMF)
Bangladesh is currently our 46th largest goods trading partner with $9.0 billion in total (two way) goods trade during 2019. Goods exports totaled $2.3 billion; goods imports totaled $6.7 billion. The U.S. goods trade deficit with Bangladesh was $4.3 billion in 2019.
According to the Department of Commerce, U.S. exports of goods to Bangladesh supported an estimated 6 thousand jobs in 2015 (latest data available).
Exports
- Bangladesh was the United States' 60th largest goods export market in 2019.
- U.S. goods exports to Bangladesh in 2019 were $2.3 billion, up 12.4% ($258 million) from 2018 and up 438% from 2009.
- The top export categories (2-digit HS) in 2019 were: aircraft ($688 million), miscellaneous grain, seeds, fruit (soybeans) ($403 million), cotton ($389 million), iron and steel ($321 million), and machinery ($78 million).
- U.S. total exports of agricultural products to Bangladesh totaled $957 million in 2019. Leading domestic export categories include: cotton ($388 million), soybeans ($388 million), wheat ($52 million), distillers grains ($35 million), and feeds & fodders not elsewhere specified or indicated ($25 million).
Imports
- Bangladesh was the United States' 38th largest supplier of goods imports in 2019.
- U.S. goods imports from Bangladesh totaled $6.7 billion in 2019, up 9.5% ($579 million) from 2018, and up 80.6% from 2009.
- The top import categories (2-digit HS) in 2019 were: woven apparel ($4.1 billion), knit apparel ($1.6 billion), headgear ($208 million), miscellaneous textile articles ($202 million), and footwear ($156 million).
- U.S. total imports of agricultural products from Bangladesh totaled $21 million in 2019. Leading categories include: tobacco ($6 million), snack foods ($4 million), rice ($2 million), tea, including herbal ($1 million), and processed fruit & vegetables ($730 thousand).
Trade Balance
- The U.S. goods trade deficit with Bangladesh was $4.3 billion in 2019, a 8.0% increase ($321 million) over 2018.
Investment
- U.S. foreign direct investment (FDI) in Bangladesh (stock) was $493 million in 2019, a 3.7% decrease from 2018. There is no information on the distribution of U.S. FDI in Bangladesh.
- Bangladesh's FDI in the United States (stock) was $12 million in 2019, unchanged from 2018. There is no information on the distribution of Bangladesh FDI in the U.S.
NOTE: No services trade data with Bangladesh are available.
|
U.S. Goods Trade with Bangladesh (in millions of dollars) |
|||||||
|
|
2009 |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
|
Total |
4.1 |
6.4 |
6.9 |
6.8 |
7.2 |
8.2 |
9.0 |
|
Exports |
0.4 |
1.1 |
0.9 |
0.9 |
1.5 |
2.1 |
2.3 |
|
Imports |
3.7 |
5.3 |
6.0 |
5.9 |
5.7 |
6.1 |
6.7 |
|
Balance |
-3.3 |
-4.2 |
-5.0 |
-5.0 |
-4.2 |
-4.0 |
-4.3 |
|
U.S. Agricultural Trade with Bangladesh (in millions of dollars) |
|||||||
|
|
2009 |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
|
Total |
0.2 |
0.4 |
0.5 |
0.5 |
0.9 |
1.1 |
1.0 |
|
Exports |
0.2 |
0.4 |
0.5 |
0.5 |
0.9 |
1.1 |
1.0 |
|
Imports |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Balance |
0.2 |
0.3 |
0.5 |
0.5 |
0.9 |
1.0 |
0.9 |
|
U.S. Manufacturing Trade with Bangladesh (in millions of dollars) |
|||||||
|
|
2009 |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
|
Total |
3.8 |
6.0 |
6.4 |
6.2 |
6.1 |
6.8 |
7.8 |
|
Exports |
0.2 |
0.8 |
0.5 |
0.4 |
0.5 |
0.8 |
1.2 |
|
Imports |
3.6 |
5.2 |
5.9 |
5.8 |
5.6 |
6.0 |
6.6 |
|
Balance |
-3.3 |
-4.4 |
-5.4 |
-5.4 |
-5.1 |
-5.2 |
-5.4 |
Last updated:October 2, 2020
