US trade with Bangladesh in the 4th quarter of 2017

Published or Updated: Apr 29, 2018

The report on US foreign trade in goods with Bangladesh in the 4th quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Bangladesh

In the 4th quarter of 2017, US trade with Bangladesh was $1,533.0 million, down 0.20% ($3.0 million) from the 4th quarter of 2016.

US exports to Bangladesh in the 4th quarter of 2017 were $211.3 million, down 1.14% ($2.4 million) from the 4th quarter of 2016.

US imports from Bangladesh in the 4th quarter of 2017 were $1,321.7 million, down 0.05% ($0.6 million) from the 4th quarter of 2016.

US trade deficit with Bangladesh in the 4th quarter of 2017 was $1,110.4 million, a 0.16% increase ($1.8 million) over the 4th quarter of 2016.

Bangladesh was the US 56th largest trading partner in the 4th quarter of 2017 (just as in the 4th quarter of 2016), accounting for 0.1470% of US total trade (down from 0.1597% in the 4th quarter of 2016).

Bangladesh was the US 80th largest export market in the 4th quarter of 2017 (up from 84th in the 4th quarter of 2016), accounting for 0.0519% of US total exports (down from 0.0564% in the 4th quarter of 2016).

Bangladesh was the US 44th largest supplier in the 4th quarter of 2017 (down from 43rd in the 4th quarter of 2016), accounting for 0.2080% of US total imports (down from 0.2268% in the 4th quarter of 2016).

US Exports to Bangladesh

The major share of US exports to Bangladesh in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 22.76% of US total exports to Bangladesh (43.09% in the 4th quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 22.49% of US total exports to Bangladesh (19.92% in the 4th quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 19.08% of US total exports to Bangladesh (9.25% in the 4th quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 18.58% of US total exports to Bangladesh (11.06% in the 4th quarter of 2016);
  • Chemical products (HS codes 28-40) - 7.99% of US total exports to Bangladesh (7.96% in the 4th quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 4.20% of US total exports to Bangladesh (4.65% in the 4th quarter of 2016).

The largest gains in US exports to Bangladesh in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Iron and steel (HS code 72) - an increase of $19.6 million;
  • Cotton (HS code 52) - an increase of $15.9 million;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $11.9 million;
  • Commodities not specified according to kind (HS code 99) - an increase of $4.8 million;
  • Residues and waste from the food industries; prepared animal feed (HS code 23) - an increase of $4.7 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 $3.4 million;
  • Ships, boats and floating structures (HS code 89) - an increase of $2.2 million;
  • Pharmaceutical products (HS code 30) - an increase of $1.4 million;
  • Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use (HS code 59) - an increase of $1.1 million;
  • Copper and articles thereof (HS code 74) - an increase of $1.1 million.

The largest declines in US exports to Bangladesh in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder (HS code 12) - a decrease of $28.8 million;
  • Cereals (HS code 10) - a decrease of $16.8 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $6.9 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $5.5 million;
  • Products of animal origin, not elsewhere specified or included (HS code 05) - a decrease of $2.8 million;
  • 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 (HS code 94) - a decrease of $2.5 million;
  • Plastics and articles thereof (HS code 39) - a decrease of $2.3 million;
  • Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $1.7 million.
US exports to Bangladesh in the 4th quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q4 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q4 2016
(USD thousand)
Change
in Q4 2017
over Q4 2016
(%)
01 Live animals 818.9 0.39 917.6-10.76
02 Meat and edible meat offal 0.0 0.00 16.9-100.00
03 Fish and crustaceans, molluscs and other aquatic invertebrates 0.0 0.00 369.4-100.00
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 299.8 0.14 245.122.32
05 Products of animal origin, not elsewhere specified or included 2,341.9 1.11 5,105.0-54.12
07 Edible vegetables and certain roots and tubers 78.6 0.04 147.0-46.55
08 Edible fruit and nuts; peel of citrus fruit or melons 109.0 0.05 651.9-83.28
09 Coffee, tea, maté and spices 11.1 0.01 6.376.95
10 Cereals 8,132.9 3.85 24,908.6-67.35
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 20,005.0 9.47 48,778.4-58.99
13 Lac; gums, resins and other vegetable saps and extracts 45.1 0.02 86.9-48.16
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 0.0 0.00 8.5-100.00
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 0.0 0.00 7.6-100.00
17 Sugars and sugar confectionery 439.5 0.21 54.8701.81
18 Cocoa and cocoa preparations 89.1 0.04 0.0
19 Preparations of cereals, flour, starch or milk; bakers’ wares 9.6 0.00 21.9-56.22
20 Preparations of vegetables, fruit, nuts or other parts of plants 393.6 0.19 397.5-1.00
21 Miscellaneous edible preparations 551.8 0.26 316.674.26
22 Beverages, spirits and vinegar 50.5 0.02 74.5-32.28
23 Residues and waste from the food industries; prepared animal feed 14,715.8 6.96 10,004.447.09
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 161.7 0.08 235.2-31.25
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 22.7 0.01 32.9-30.97
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 1,533.5 0.73 1,021.450.14
29 Organic chemicals 906.6 0.43 1,282.2-29.30
30 Pharmaceutical products 5,253.6 2.49 3,885.235.22
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 352.9 0.17 296.119.18
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 728.4 0.34 909.5-19.92
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 507.1 0.24 666.3-23.89
35 Albuminoidal substances; modified starches; glues; enzymes 525.8 0.25 142.1270.10
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 83.3 0.04 106.7-21.91
37 Photographic or cinematographic goods 94.0 0.04 0.0
38 Miscellaneous chemical products 4,855.3 2.30 4,366.611.19
39 Plastics and articles thereof 1,685.5 0.80 3,989.1-57.75
40 Rubber and articles thereof 349.6 0.17 350.6-0.28
41 Raw hides and skins (other than furskins) and leather 132.9 0.06 0.0
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 24.6 0.01 57.0-56.82
44 Wood and articles of wood; wood charcoal 814.7 0.39 2,516.3-67.62
45 Cork and articles of cork 7.4 0.00 0.0
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 1,664.5 0.79 1,257.532.37
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 6,228.8 2.95 6,087.52.32
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 155.4 0.07 71.5117.43
51 Wool, fine or coarse animal hair; horsehair yarn and woven fabric 20.8 0.01 19.56.72
52 Cotton 36,724.2 17.38 20,778.376.74
54 Man-made filaments 0.0 0.00 301.5-100.00
55 Man-made staple fibers 240.4 0.11 827.9-70.96
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 100.8 0.05 46.5116.89
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 5.2 0.00 76.4-93.18
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 1,804.0 0.85 655.6175.17
60 Knitted or crocheted fabrics 174.7 0.08 636.0-72.53
61 Articles of apparel and clothing accessories, knitted or crocheted 0.0 0.00 50.0-100.00
62 Articles of apparel and clothing accessories, not knitted or crocheted 13.1 0.01 115.7-88.67
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 175.1 0.08 119.246.84
64 Footwear, gaiters and the like; parts of such articles 16.6 0.01 0.0
65 Headgear and parts thereof 0.0 0.00 19.6-100.00
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 0.0 0.00 5.7-100.00
70 Glass and glassware 83.1 0.04 26.9209.25
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 4.7 0.00 328.9-98.58
72 Iron and steel 37,566.0 17.78 17,972.6109.02
73 Articles of iron or steel 230.3 0.11 706.3-67.39
74 Copper and articles thereof 1,707.9 0.81 611.8179.14
75 Nickel and articles thereof 0.0 0.00 6.6-100.00
76 Aluminum and articles thereof 271.9 0.13 37.9617.05
78 Lead and articles thereof 6.0 0.00 16.3-63.21
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 191.7 0.09 393.7-51.31
83 Miscellaneous articles of base metal 348.9 0.17 18.01,839.80
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 13,872.7 6.56 20,785.8-33.26
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 8,169.2 3.87 4,809.369.86
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 393.6 0.19 151.3160.17
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 103.2 0.05 523.3-80.28
88 Aircraft, spacecraft, and parts thereof 14,278.5 6.76 2,339.4510.35
89 Ships, boats and floating structures 2,290.0 1.08 84.02,626.97
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 8,410.8 3.98 13,887.1-39.43
91 Clocks and watches and parts thereof 3.0 0.00 0.0
93 Arms and ammunition; parts and accessories thereof 67.9 0.03 79.4-14.52
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 530.8 0.25 3,057.5-82.64
95 Toys, games and sports requisites; parts and accessories thereof 380.1 0.18 820.9-53.70
96 Miscellaneous manufactured articles 145.4 0.07 36.6296.93
97 Works of art, collectors’ pieces and antiques 7.0 0.00 7.5-6.67
99 Commodities not specified according to kind 8,813.3 4.17 4,017.7119.36

US Imports from Bangladesh

The major share of US imports from Bangladesh in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

  • Textiles, textile products and footwear (HS codes 50-67) - 95.17% of US total imports from Bangladesh (95.24% in the 4th quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 1.05% of US total imports from Bangladesh (2.16% in the 4th quarter of 2016).

The largest gains in US imports from Bangladesh in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Articles of apparel and clothing accessories, knitted or crocheted (HS code 61) - an increase of $31.9 million;
  • Commodities not specified according to kind (HS code 99) - an increase of $9.5 million;
  • Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) (HS code 42) - an increase of $4.5 million.

The largest declines in US imports from Bangladesh in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Articles of apparel and clothing accessories, not knitted or crocheted (HS code 62) - a decrease of $28.4 million;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $17.4 million;
  • Footwear, gaiters and the like; parts of such articles (HS code 64) - a decrease of $6.8 million;
  • Headgear and parts thereof (HS code 65) - a decrease of $4.2 million.
US imports from Bangladesh in the 4th quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q4 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q4 2016
(USD thousand)
Change
in Q4 2017
over Q4 2016
(%)
03 Fish and crustaceans, molluscs and other aquatic invertebrates 6,477.9 0.49 23,836.7-72.82
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 120.2 0.01 5.62,030.47
05 Products of animal origin, not elsewhere specified or included 0.0 0.00 5.0-100.00
07 Edible vegetables and certain roots and tubers 75.6 0.01 44.470.44
08 Edible fruit and nuts; peel of citrus fruit or melons 47.3 0.00 26.975.52
09 Coffee, tea, maté and spices 435.9 0.03 228.490.85
10 Cereals 332.9 0.03 280.218.80
11 Products of the milling industry; malt; starches; inulin; wheat gluten 7.3 0.00 17.4-57.75
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 3.5 0.00 19.9-82.52
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 8.8 0.00 0.0
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 0.0 0.00 62.9-100.00
17 Sugars and sugar confectionery 112.2 0.01 50.9120.58
19 Preparations of cereals, flour, starch or milk; bakers’ wares 1,159.7 0.09 1,093.06.11
20 Preparations of vegetables, fruit, nuts or other parts of plants 215.3 0.02 215.00.12
21 Miscellaneous edible preparations 32.0 0.00 58.6-45.44
22 Beverages, spirits and vinegar 247.2 0.02 126.096.10
23 Residues and waste from the food industries; prepared animal feed 5.7 0.00 10.2-43.96
24 Tobacco and manufactured tobacco substitutes 4,613.1 0.35 2,500.484.49
30 Pharmaceutical products 983.1 0.07 290.8238.01
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 178.1 0.01 73.0144.07
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 2.1 0.00 9.9-78.48
39 Plastics and articles thereof 3,227.2 0.24 3,499.8-7.79
40 Rubber and articles thereof 126.5 0.01 84.150.38
41 Raw hides and skins (other than furskins) and leather 92.6 0.01 36.8151.86
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 18,375.7 1.39 13,875.432.43
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 442.7 0.03 343.628.87
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 246.0 0.02 265.9-7.48
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 49.4 0.00 39.624.97
52 Cotton 24.8 0.00 18.335.62
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 4,130.1 0.31 3,546.716.45
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 1,461.2 0.11 532.1174.60
57 Carpets and other textile floor coverings 1,389.3 0.11 1,050.832.22
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 56.2 0.00 255.5-78.00
60 Knitted or crocheted fabrics 0.0 0.00 12.8-100.00
61 Articles of apparel and clothing accessories, knitted or crocheted 357,869.8 27.08 325,986.19.78
62 Articles of apparel and clothing accessories, not knitted or crocheted 773,909.3 58.55 802,320.9-3.54
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 36,418.5 2.76 36,025.21.09
64 Footwear, gaiters and the like; parts of such articles 26,741.7 2.02 33,518.0-20.22
65 Headgear and parts thereof 40,474.7 3.06 44,721.8-9.50
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 1.1 0.00 0.0
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 15,321.4 1.16 11,439.533.93
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 0.0 0.00 2.5-100.00
69 Ceramic products 1,378.6 0.10 1,235.711.57
70 Glass and glassware 2.4 0.00 7.7-68.42
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 9.4 0.00 664.2-98.58
73 Articles of iron or steel 65.7 0.00 85.7-23.28
74 Copper and articles thereof 49.9 0.00 3.01,572.32
76 Aluminum and articles thereof 71.0 0.01 90.8-21.74
81 Other base metals; cermets; articles thereof 148.4 0.01 55.5167.28
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 4.9 0.00 5.1-4.76
83 Miscellaneous articles of base metal 0.0 0.00 26.3-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 0.0 0.00 48.7-100.00
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 95.0 0.01 96.6-1.73
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 2.3 0.00 4.4-47.70
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 2,996.1 0.23 2,599.215.27
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 1,622.1 0.12 1,463.610.83
95 Toys, games and sports requisites; parts and accessories thereof 3,361.0 0.25 3,019.211.32
96 Miscellaneous manufactured articles 832.0 0.06 309.5168.82
97 Works of art, collectors’ pieces and antiques 24.9 0.00 0.0
99 Commodities not specified according to kind 15,619.2 1.18 6,070.6157.29
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce