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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 52nd largest goods trading partner with $7.2 billion in total (two way) goods trade during 2017. Goods exports totaled $1.5 billion; goods imports totaled $5.7 billion. The U.S. goods trade deficit with Bangladesh was $4.2 billion in 2017.

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' 68th largest goods export market in 2017.

U.S. goods exports to Bangladesh in 2017 were $1.5 billion, up 62.7% ($568 million) from 2016 and up 223.2% from 2007.  

The top export categories (2-digit HS) in 2017 were: miscellaneous grain, seeds, fruit (soybeans) ($396 million), cotton ($288 million), iron and steel ($188 million), machinery ($127 million), and cereals (wheat) ($99 million).

U.S. total exports of agricultural products to Bangladesh totaled $884 million in 2017. Leading domestic export categories include: soybeans ($391 million), cotton ($284 million), wheat ($68 million), soybean meal ($43 million), and corn ($31 million).

Imports

Bangladesh was the United States' 43rd largest supplier of goods imports in 2017.

U.S. goods imports from Bangladesh totaled $5.7 billion in 2017, down 3.8% ($223 million) from 2016, but up 65.7% from 2007. 

The top import categories (2-digit HS) in 2017 were: woven apparel ($3.5 billion), knit apparel ($1.4 billion), miscellaneous textile articles ($222 million), headgear ($179 million), and footwear ($102 million).

U.S. total imports of agricultural products from Bangladesh totaled $20 million in 2017. Leading categories include: tobacco ($7 million), snack foods ($3 million), rice ($2 million), spices ($687 thousand), and tea, including herb ($517 thousand).

Trade Balance

The U.S. goods trade deficit with Bangladesh was $4.2 billion in 2017, a 15.8% decrease ($792 million) over 2016.

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

2007

2012

2013

2014

2015

2016

2017

Total

1,582.3

2,656.7

3,888.1

5,423.8

6,060.7

6,390.0

6,933.0

6,816.5

7,161.4

Exports

325.1

239.1

456.0

508.2

708.8

1,113.2

942.5

905.7

1,474.0

Imports

1,257.2

2,417.6

3,432.1

4,915.6

5,351.9

5,276.8

5,990.5

5,910.8

5,687.4

Balance

-932.2

-2,178.4

-2,976.1

-4,407.4

-4,643.2

-4,163.5

-5,047.9

-5,005.1

-4,213.5

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

 

1995

2000

2007

2012

2013

2014

2015

2016

2017

Total

219.1

86.8

209.0

202.5

273.4

385.6

515.8

513.7

904.3

Exports

217.2

85.6

199.8

180.7

252.8

364.7

493.7

490.8

884.5

Imports

2.0

1.2

9.2

21.8

20.6

20.9

22.1

22.9

19.8

Balance

215.2

84.4

190.6

158.9

232.2

343.7

471.6

467.9

864.7

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

 

1995

2000

2007

2012

2013

2014

2015

2016

2017

Total

NA

2,420.1

3,496.6

5,114.8

5,760.1

6,023.1

6,387.6

6,243.7

6,080.7

Exports

NA

153.2

237.2

356.9

497.5

808.3

484.3

437.6

480.5

Imports

NA

2,266.8

3,259.4

4,757.9

5,262.7

5,214.8

5,903.3

5,806.0

5,600.2

Balance

NA

-2,113.6

-3,022.2

-4,401.0

-4,765.2

-4,406.6

-5,419.0

-5,368.4

-5,119.8

 

Last updated: July 31, 2018