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Bangladesh

Bangladesh Flag

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.

Investment

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