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Bangladesh

U.S.-Bangladesh Trade Facts

In 2019, Bangladesh GDP was an estimated $317.5 billion (current market exchange rates); real GDP was up by an estimated 7.9%; and the population was 167 million. (Source: IMF)

Bangladesh is currently our 46th largest goods trading partner with $9.0 billion in total (two way) goods trade during 2019. Goods exports totaled $2.3 billion; goods imports totaled $6.7 billion. The U.S. goods trade deficit with Bangladesh was $4.3 billion in 2019.

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' 60th largest goods export market in 2019.
  • U.S. goods exports to Bangladesh in 2019 were $2.3 billion, up 12.4% ($258 million) from 2018 and up 438% from 2009. 
  • The top export categories (2-digit HS) in 2019 were: aircraft ($688 million), miscellaneous grain, seeds, fruit (soybeans) ($403 million), cotton ($389 million), iron and steel ($321 million), and machinery ($78 million).
  • U.S. total exports of agricultural products to Bangladesh totaled $957 million in 2019. Leading domestic export categories include: cotton ($388 million), soybeans ($388 million), wheat ($52 million), distillers grains ($35 million), and feeds & fodders not elsewhere specified or indicated ($25 million).

Imports

  • Bangladesh was the United States' 38th largest supplier of goods imports in 2019.
  • U.S. goods imports from Bangladesh totaled $6.7 billion in 2019, up 9.5% ($579 million) from 2018, and up 80.6% from 2009. 
  • The top import categories (2-digit HS) in 2019 were: woven apparel ($4.1 billion), knit apparel ($1.6 billion), headgear ($208 million), miscellaneous textile articles ($202 million), and footwear ($156 million).
  • U.S. total imports of agricultural products from Bangladesh totaled $21 million in 2019. Leading categories include: tobacco ($6 million), snack foods ($4 million), rice ($2 million), tea, including herbal ($1 million), and processed fruit & vegetables ($730 thousand).

Trade Balance

  • The U.S. goods trade deficit with Bangladesh was $4.3 billion in 2019, a 8.0% increase ($321 million) over 2018.

Investment

  • U.S. foreign direct investment (FDI) in Bangladesh (stock) was $493 million in 2019, a 3.7% decrease from 2018. There is no information on the distribution of U.S. FDI in Bangladesh.
  • Bangladesh's FDI in the United States (stock) was $12 million in 2019, unchanged from 2018. 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)

 

2009

2014

2015

2016

2017

2018

2019

Total

4.1

6.4

6.9

6.8

7.2

8.2

9.0

Exports

0.4

1.1

0.9

0.9

1.5

2.1

2.3

Imports

3.7

5.3

6.0

5.9

5.7

6.1

6.7

Balance

-3.3

-4.2

-5.0

-5.0

-4.2

-4.0

-4.3

 

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

 

2009

2014

2015

2016

2017

2018

2019

Total

0.2

0.4

0.5

0.5

0.9

1.1

1.0

Exports

0.2

0.4

0.5

0.5

0.9

1.1

1.0

Imports

0.0

0.0

0.0

0.0

0.0

0.0

0.0

Balance

0.2

0.3

0.5

0.5

0.9

1.0

0.9

 

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

 

2009

2014

2015

2016

2017

2018

2019

Total

3.8

6.0

6.4

6.2

6.1

6.8

7.8

Exports

0.2

0.8

0.5

0.4

0.5

0.8

1.2

Imports

3.6

5.2

5.9

5.8

5.6

6.0

6.6

Balance

-3.3

-4.4

-5.4

-5.4

-5.1

-5.2

-5.4

 

Last updated:October 2, 2020