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Bangladesh

U.S.-Bangladesh Trade Facts

In 2017, Bangladesh GDP was an estimated $261.4 billion (current market exchange rates); real GDP was up by an estimated 7.1%; and the population was 163 million. (Source: IMF)

Bangladesh is currently our 51st largest goods trading partner with $8.2 billion in total (two way) goods trade during 2018. Goods exports totaled $2.1 billion; goods imports totaled $6.1 billion. The U.S. goods trade deficit with Bangladesh was $4.0 billion in 2018.

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' 62nd largest goods export market in 2018.

U.S. goods exports to Bangladesh in 2018 were $2.1 billion, up 43.1% ($636 million) from 2017 and up 350.8% from 2008. 

The top export categories (2-digit HS) in 2018 were: miscellaneous grain, seeds, fruit (soybeans) ($455 million), cotton ($401 million), aircraft ($304 million), iron and steel ($297 million), and machinery ($145 million).

U.S. total exports of agricultural products to Bangladesh totaled $1.1 billion in 2018. Leading domestic export categories include: soybeans ($434 million), cotton ($398 million), wheat ($109 million), distillers grains ($35 million), and soybean meal ($34 million).

Imports

Bangladesh was the United States' 43rd largest supplier of goods imports in 2018.

U.S. goods imports from Bangladesh totaled $6.1 billion in 2018, up 7.3% ($417 million) from 2017, and up 62.8% from 2008. 

The top import categories (2-digit HS) in 2018 were: woven apparel ($3.8 billion), knit apparel ($1.5 billion), miscellaneous textile articles ($218 million), headgear ($180 million), and footwear ($130 million).

U.S. total imports of agricultural products from Bangladesh totaled $21 million in 2018. Leading categories include: tobacco ($7 million), snack foods ($4 million), rice ($2 million), spices ($673 thousand), and tea, including herb ($592 thousand).

Trade Balance

The U.S. goods trade deficit with Bangladesh was $4.0 billion in 2018, a 5.2% decrease ($219 million) over 2017.

Investment

U.S. foreign direct investment (FDI) in Bangladesh (stock) was $460 million in 2017, a 0.4% increase from 2016. There is no information on the distribution of U.S. FDI in Bangladesh.

Bangladesh's FDI in the United States (stock) was $2 million in 2017. 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)

 

1995

2000

2008

2013

2014

2015

2016

2017

2018

Total

1,582.3

2,656.7

4,216.5

6,060.7

6,390.0

6,933.0

6,816.5

7,161.4

8,213.9

Exports

325.1

239.1

468.1

708.8

1,113.2

942.5

905.7

1,474.0

2,109.8

Imports

1,257.2

2,417.6

3,748.4

5,351.9

5,276.8

5,990.5

5,910.8

5,687.4

6,104.1

Balance

-932.2

-2,178.4

-3,280.4

-4,643.2

-4,163.5

-5,047.9

-5,005.1

-4,213.5

-3,994.3

 

U.S. Agricultural Trade with Bangladesh (in millions of dollars)

 

1995

2000

2008

2013

2014

2015

2016

2017

2018

Total

219.1

86.8

183.4

273.4

385.6

515.8

513.7

904.3

1,099.9

Exports

217.2

85.6

172.9

252.8

364.7

493.7

490.8

884.5

1,078.8

Imports

2.0

1.2

10.5

20.6

20.9

22.1

22.9

19.8

21.2

Balance

215.2

84.4

162.4

232.2

343.7

471.6

467.9

864.7

1,057.6

U.S. Manufacturing Trade with Bangladesh (in millions of dollars)

 

1995

2000

2008

2013

2014

2015

2016

2017

2018

Total

NA

2,420.1

3,855.1

5,760.1

6,023.1

6,387.6

6,243.7

6,080.7

6,840.1

Exports

NA

153.2

252.6

497.5

808.3

484.3

437.6

480.5

826.6

Imports

NA

2,266.8

3,602.5

5,262.7

5,214.8

5,903.3

5,806.0

5,600.2

6,013.5

Balance

NA

-2,113.6

-3,349.9

-4,765.2

-4,406.6

-5,419.0

-5,368.4

-5,119.8

-5,186.9

Last updated: March 13, 2019