US trade (export - import) with Bangladesh in 2014

Published or Updated: Feb 07, 2017

The report on US foreign trade in goods with Bangladesh in 2014: exports, imports, balance, product types and groups, dynamics.

US Trade with Bangladesh

In 2014, US trade with Bangladesh totaled $6,588.7 million, up 4.71% ($296.4 million) from 2013.

US exports to Bangladesh in 2014 totaled $1,113.4 million, up 57.07% ($404.5 million) from 2013.

US imports from Bangladesh in 2014 were $5,475.3 million, down 1.94% ($108.2 million) from 2013.

US trade deficit with Bangladesh in 2014 was $4,361.9 million, a 10.52% decrease ($512.7 million) over 2013.

Bangladesh was the US 60th largest trading partner in 2014 (down from 58th in 2013), accounting for 0.1635% of US total trade (up from 0.1612% in 2013).

Bangladesh was the US 79th largest export market in 2014 (up from 90th in 2013), accounting for 0.0687% of US total exports (up from 0.0449% in 2013).

Bangladesh was the US 45th largest supplier in 2014 (up from 46th in 2013), accounting for 0.2271% of US total imports (down from 0.2400% in 2013).

US Exports to Bangladesh

The major share of US exports to Bangladesh in 2014 (and in 2013) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 55.12% of US total exports to Bangladesh (41.03% in 2013);
  • Food products and agricultural raw materials (HS codes 01-24) - 24.31% of US total exports to Bangladesh (21.00% in 2013);
  • Textiles, textile products and footwear (HS codes 50-67) - 10.48% of US total exports to Bangladesh (18.00% in 2013);
  • Chemical products (HS codes 28-40) - 3.53% of US total exports to Bangladesh (5.88% in 2013);
  • Metals and products from them (HS codes 72-83) - 3.21% of US total exports to Bangladesh (8.66% in 2013);
  • Wood and wood products (HS codes 44-49) - 1.19% of US total exports to Bangladesh (1.57% in 2013).

The largest gains in US exports to Bangladesh in 2014 over 2013 were recorded for the following product groups:

  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $334.7 million;
  • Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder (HS code 12) - an increase of $130.4 million;
  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $19.2 million;
  • Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included (HS code 04) - an increase of $4.9 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $3.5 million.

The largest declines in US exports to Bangladesh in 2014 over 2013 were recorded for the following product groups:

  • Iron and steel (HS code 72) - a decrease of $25.9 million;
  • Ships, boats and floating structures (HS code 89) - a decrease of $17.7 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $15.5 million;
  • Cotton (HS code 52) - a decrease of $9.7 million;
  • Cereals (HS code 10) - a decrease of $6.6 million;
  • Fertilizers (HS code 31) - a decrease of $3.7 million;
  • Residues and waste from the food industries; prepared animal feed (HS code 23) - a decrease of $3.3 million.
US exports to Bangladesh in 2014 by product groups
HS
code
Name of product group Value
of exports
in 2014
(USD thousand)
Share
in total export
(%)
Value
of exports
in 2013
(USD thousand)
Change
in 2014
over 2013
(%)
01 Live animals 1,794.6 0.16 1,691.36.11
02 Meat and edible meat offal 2.9 0.00 3.2-7.78
03 Fish and crustaceans, molluscs and other aquatic invertebrates 201.4 0.02 233.9-13.90
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 6,184.7 0.56 1,248.2395.47
05 Products of animal origin, not elsewhere specified or included 22,085.3 1.98 23,656.5-6.64
07 Edible vegetables and certain roots and tubers 684.5 0.06 2,182.6-68.64
08 Edible fruit and nuts; peel of citrus fruit or melons 3,549.4 0.32 2,521.340.78
09 Coffee, tea, maté and spices 13.2 0.00 0.0
10 Cereals 18,373.7 1.65 24,988.8-26.47
11 Products of the milling industry; malt; starches; inulin; wheat gluten 2.6 0.00 155.2-98.31
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 173,594.6 15.59 43,175.4302.07
13 Lac; gums, resins and other vegetable saps and extracts 318.8 0.03 308.23.45
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 819.0 0.07 2,446.9-66.53
17 Sugars and sugar confectionery 1,636.9 0.15 1,709.3-4.24
18 Cocoa and cocoa preparations 0.0 0.00 34.5-100.00
19 Preparations of cereals, flour, starch or milk; bakers’ wares 379.3 0.03 790.1-51.99
20 Preparations of vegetables, fruit, nuts or other parts of plants 767.4 0.07 541.641.70
21 Miscellaneous edible preparations 1,153.4 0.10 875.531.74
22 Beverages, spirits and vinegar 139.3 0.01 109.327.51
23 Residues and waste from the food industries; prepared animal feed 37,631.3 3.38 40,972.2-8.15
24 Tobacco and manufactured tobacco substitutes 1,346.5 0.12 1,219.510.42
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 533.6 0.05 866.1-38.39
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 904.6 0.08 987.8-8.42
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 3,830.6 0.34 4,023.3-4.79
29 Organic chemicals 2,832.4 0.25 4,047.3-30.02
30 Pharmaceutical products 6,031.8 0.54 4,390.337.39
31 Fertilizers 58.3 0.01 3,730.9-98.44
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 4,323.7 0.39 2,740.657.77
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 2,779.4 0.25 2,546.59.15
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 1,623.9 0.15 1,664.3-2.42
35 Albuminoidal substances; modified starches; glues; enzymes 497.4 0.04 548.5-9.33
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 285.4 0.03 499.5-42.87
37 Photographic or cinematographic goods 618.8 0.06 371.666.51
38 Miscellaneous chemical products 8,053.8 0.72 7,088.413.62
39 Plastics and articles thereof 7,731.0 0.69 9,152.4-15.53
40 Rubber and articles thereof 644.8 0.06 871.6-26.02
41 Raw hides and skins (other than furskins) and leather 26.0 0.00 0.0
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 241.4 0.02 177.735.81
43 Furskins and artificial fur; manufactures thereof 0.0 0.00 31.2-100.00
44 Wood and articles of wood; wood charcoal 2,233.6 0.20 1,858.120.20
45 Cork and articles of cork 4.3 0.00 3.329.60
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 4,356.1 0.39 4,002.28.84
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 5,861.8 0.53 4,683.325.16
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 826.9 0.07 560.647.50
51 Wool, fine or coarse animal hair; horsehair yarn and woven fabric 10.1 0.00 0.0
52 Cotton 95,854.8 8.61 105,602.8-9.23
54 Man-made filaments 673.6 0.06 848.1-20.59
55 Man-made staple fibers 12,861.2 1.16 13,523.3-4.90
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 361.1 0.03 165.0118.90
57 Carpets and other textile floor coverings 146.9 0.01 0.0
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 89.9 0.01 75.718.70
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 3,393.7 0.30 2,500.735.71
60 Knitted or crocheted fabrics 2,515.9 0.23 2,355.76.80
61 Articles of apparel and clothing accessories, knitted or crocheted 17.8 0.00 58.0-69.24
62 Articles of apparel and clothing accessories, not knitted or crocheted 159.0 0.01 98.162.07
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 224.2 0.02 2,322.6-90.35
64 Footwear, gaiters and the like; parts of such articles 20.5 0.00 38.2-46.47
65 Headgear and parts thereof 7.6 0.00 0.0
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 312.3 0.03 27.21,046.41
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 298.7 0.03 351.7-15.07
69 Ceramic products 218.8 0.02 10.71,950.01
70 Glass and glassware 181.7 0.02 224.6-19.13
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 1,142.9 0.10 712.360.46
72 Iron and steel 20,192.3 1.81 46,095.9-56.20
73 Articles of iron or steel 3,633.5 0.33 2,213.764.14
74 Copper and articles thereof 10,674.2 0.96 11,683.3-8.64
75 Nickel and articles thereof 31.6 0.00 7.1348.27
76 Aluminum and articles thereof 353.9 0.03 676.8-47.71
79 Zinc and articles thereof 15.7 0.00 0.0
81 Other base metals; cermets; articles thereof 36.5 0.00 10.7242.31
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 733.6 0.07 509.144.10
83 Miscellaneous articles of base metal 92.3 0.01 215.7-57.22
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 124,905.7 11.22 121,398.52.89
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 81,923.6 7.36 62,696.630.67
86 Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds 1,139.1 0.10 990.415.02
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 1,302.2 0.12 2,784.3-53.23
88 Aircraft, spacecraft, and parts thereof 375,295.5 33.71 40,582.5824.77
89 Ships, boats and floating structures 2,996.3 0.27 20,736.2-85.55
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 26,176.9 2.35 41,672.1-37.18
91 Clocks and watches and parts thereof 10.3 0.00 0.0
92 Musical instruments; parts and accessories of such articles 84.9 0.01 46.483.15
93 Arms and ammunition; parts and accessories thereof 667.4 0.06 378.476.36
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 7,332.4 0.66 10,381.9-29.37
95 Toys, games and sports requisites; parts and accessories thereof 1,566.7 0.14 1,032.751.71
96 Miscellaneous manufactured articles 624.6 0.06 3,407.6-81.67
97 Works of art, collectors’ pieces and antiques 0.0 0.00 126.3-100.00
99 Commodities not specified according to kind 10,106.4 0.91 8,546.518.25

US Imports from Bangladesh

The major share of US imports from Bangladesh in 2014 (and in 2013) was accounted for the following product types:

  • Textiles, textile products and footwear (HS codes 50-67) - 97.22% of US total imports from Bangladesh (97.05% in 2013);
  • Food products and agricultural raw materials (HS codes 01-24) - 0.99% of US total imports from Bangladesh (1.50% in 2013).

The largest gains in US imports from Bangladesh in 2014 over 2013 were recorded for the following product groups:

  • Footwear, gaiters and the like; parts of such articles (HS code 64) - an increase of $32.5 million;
  • Articles of apparel and clothing accessories, knitted or crocheted (HS code 61) - an increase of $28.4 million;
  • Headgear and parts thereof (HS code 65) - an increase of $25.8 million.

The largest declines in US imports from Bangladesh in 2014 over the 2013 were recorded for the following product groups:

  • Articles of apparel and clothing accessories, not knitted or crocheted (HS code 62) - a decrease of $197.8 million;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $30.3 million.
US imports from Bangladesh in 2014 by product groups
HS
code
Name of product group Value
of imports
in 2014
(USD thousand)
Share
in total import
(%)
Value
of imports
in 2013
USD thousand)
Change
in 2014
over 2013
(%)
03 Fish and crustaceans, molluscs and other aquatic invertebrates 30,057.3 0.55 60,351.8-50.20
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 157.7 0.00 94.367.34
05 Products of animal origin, not elsewhere specified or included 474.2 0.01 402.817.75
07 Edible vegetables and certain roots and tubers 348.8 0.01 588.3-40.70
08 Edible fruit and nuts; peel of citrus fruit or melons 121.0 0.00 48.3150.60
09 Coffee, tea, maté and spices 905.5 0.02 752.420.33
10 Cereals 1,068.4 0.02 923.815.65
11 Products of the milling industry; malt; starches; inulin; wheat gluten 31.8 0.00 31.8-0.23
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 24.8 0.00 59.9-58.69
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 98.2 0.00 33.5193.28
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 61.1 0.00 85.0-28.16
17 Sugars and sugar confectionery 119.1 0.00 48.1147.42
18 Cocoa and cocoa preparations 0.0 0.00 3.2-100.00
19 Preparations of cereals, flour, starch or milk; bakers’ wares 3,846.4 0.07 3,001.728.14
20 Preparations of vegetables, fruit, nuts or other parts of plants 448.9 0.01 573.6-21.74
21 Miscellaneous edible preparations 44.9 0.00 62.8-28.39
22 Beverages, spirits and vinegar 311.4 0.01 291.07.02
24 Tobacco and manufactured tobacco substitutes 16,359.6 0.30 16,631.2-1.63
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 4.5 0.00 0.0
29 Organic chemicals 623.0 0.01 525.118.64
30 Pharmaceutical products 72.0 0.00 0.0
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 4.9 0.00 0.0
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 169.8 0.00 239.3-29.02
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 79.1 0.00 59.932.04
39 Plastics and articles thereof 14,284.0 0.26 15,235.8-6.25
40 Rubber and articles thereof 414.6 0.01 424.8-2.39
41 Raw hides and skins (other than furskins) and leather 447.9 0.01 791.1-43.39
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 22,216.2 0.41 11,011.6101.75
43 Furskins and artificial fur; manufactures thereof 105.4 0.00 41.4154.64
44 Wood and articles of wood; wood charcoal 19.4 0.00 42.2-54.02
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 1,457.3 0.03 1,257.315.91
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 712.9 0.01 1,290.4-44.75
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 72.0 0.00 92.1-21.83
51 Wool, fine or coarse animal hair; horsehair yarn and woven fabric 12.6 0.00 0.0
52 Cotton 168.9 0.00 26.9527.27
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 16,537.8 0.30 17,161.2-3.63
54 Man-made filaments 0.0 0.00 106.5-100.00
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 1,100.2 0.02 697.657.71
57 Carpets and other textile floor coverings 3,395.2 0.06 2,851.019.09
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 113.5 0.00 64.675.64
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 11.4 0.00 10.311.13
60 Knitted or crocheted fabrics 1.6 0.00 0.7129.42
61 Articles of apparel and clothing accessories, knitted or crocheted 1,246,193.1 22.76 1,217,826.22.33
62 Articles of apparel and clothing accessories, not knitted or crocheted 3,621,161.8 66.14 3,818,981.7-5.18
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 197,023.3 3.60 196,868.10.08
64 Footwear, gaiters and the like; parts of such articles 69,245.3 1.26 36,752.788.41
65 Headgear and parts thereof 141,508.4 2.58 115,754.922.25
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 0.7 0.00 3.1-75.95
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 26,664.0 0.49 11,611.3129.64
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 25.8 0.00 22.912.52
69 Ceramic products 7,307.8 0.13 7,081.23.20
70 Glass and glassware 54.3 0.00 42.328.35
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 3,319.8 0.06 1,352.3145.49
73 Articles of iron or steel 16.3 0.00 2,676.3-99.39
74 Copper and articles thereof 0.0 0.00 3.8-100.00
76 Aluminum and articles thereof 97.3 0.00 199.6-51.25
81 Other base metals; cermets; articles thereof 69.8 0.00 80.8-13.63
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 112.5 0.00 56.599.09
83 Miscellaneous articles of base metal 12.0 0.00 4.9144.77
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 1,028.0 0.02 132.3677.04
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 920.8 0.02 371.0148.19
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 59.0 0.00 125.8-53.09
89 Ships, boats and floating structures 11.0 0.00 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 5,090.7 0.09 4,942.03.01
91 Clocks and watches and parts thereof 6.1 0.00 0.0
92 Musical instruments; parts and accessories of such articles 3.5 0.00 0.0
93 Arms and ammunition; parts and accessories thereof 0.0 0.00 2.5-100.00
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 16,132.6 0.29 8,971.279.83
95 Toys, games and sports requisites; parts and accessories thereof 9,224.9 0.17 10,849.2-14.97
96 Miscellaneous manufactured articles 452.8 0.01 340.533.00
97 Works of art, collectors’ pieces and antiques 0.0 0.00 46.6-100.00
99 Commodities not specified according to kind 13,060.5 0.24 12,484.74.61
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce