U.S.-Bangladesh Trade Facts
In 2018, Bangladesh GDP was an estimated $287.6 billion (current market exchange rates); real GDP was up by an estimated 7.7%; and the population was 165 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' 63rd largest goods export market in 2018.
U.S. goods exports to Bangladesh in 2018 were $2.1 billion, up 41.2% ($608 million) from 2017 and up 344.7% from 2008.
The top export categories (2-digit HS) in 2018 were: miscellaneous grain, seeds, fruit (soybeans) ($442 million), cotton ($390 million), aircraft ($304 million), iron and steel ($294 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 ($387 million), wheat ($109 million), distillers grains ($34 million), and feeds & fodders nesoi ($26 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% ($416 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 ($669 thousand), and tea, including herb ($592 thousand).
Trade Balance
The U.S. goods trade deficit with Bangladesh was $4.0 billion in 2018, a 4.5% decrease ($192 million) over 2017.
Investment
U.S. foreign direct investment (FDI) in Bangladesh (stock) was $513 million in 2018, a 11.5% increase from 2017. There is no information on the distribution of U.S. FDI in Bangladesh.
Bangladesh's FDI in the United States (stock) was $3 million in 2018, up 50.0% from 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 |
6,815.8 |
7,160.4 |
8,184.0 |
|
Exports |
325.1 |
239.1 |
468.1 |
708.8 |
1,113.2 |
942.5 |
905.7 |
1,473.8 |
2,081.5 |
|
Imports |
1,257.2 |
2,417.6 |
3,748.4 |
5,351.9 |
5,276.8 |
5,990.5 |
5,910.1 |
5,686.5 |
6,102.6 |
|
Balance |
-932.2 |
-2,178.4 |
-3,280.4 |
-4,643.2 |
-4,163.5 |
-5,047.9 |
-5,004.3 |
-4,212.7 |
-4,021.1 |
|
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 |
1,075.2 |
|
Exports |
217.2 |
85.6 |
172.9 |
252.8 |
364.7 |
493.7 |
490.8 |
884.5 |
1,054.1 |
|
Imports |
2.0 |
1.2 |
10.5 |
20.6 |
20.9 |
22.1 |
22.9 |
19.8 |
21.1 |
|
Balance |
215.2 |
84.4 |
162.4 |
232.2 |
343.7 |
471.6 |
468.0 |
864.7 |
1,033.1 |
|
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 |
6,243.0 |
6,079.7 |
6,823.6 |
|
Exports |
NA |
153.2 |
252.6 |
497.5 |
808.3 |
484.3 |
437.7 |
480.3 |
811.5 |
|
Imports |
NA |
2,266.8 |
3,602.5 |
5,262.7 |
5,214.8 |
5,903.3 |
5,806.3 |
5,599.4 |
6,012.1 |
|
Balance |
NA |
-2,113.6 |
-3,349.9 |
-4,765.2 |
-4,406.6 |
-5,419.0 |
-5,367.6 |
-5,119.0 |
-5,200.5 |
Last updated: September 20, 2019
