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.