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Product Import From USA to Bangladesh

U.S.-Bangladesh Trade Facts

In 2019, Bangladesh’s 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, an 8.0% increase ($321 million) over 2018.

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