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2023
Flag → Flag
Exports $2.21BRnk 64 / 220
2023
Flag → Flag
Top Product $577MScrap Iron
2023
Flag → Flag
Exports $8.58BRnk 1 / 138
2023
Flag → Flag
Top Product $1.9BNon-Knit Men's Suits
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
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Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag  
GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
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GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
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 GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
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GDP GROWTH192%CURRENT US$
Rnk 3 / 195
2023
Flag
GDP PC $82,769CURRENT US$
Rnk 9 / 195
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195
2023
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GDP PC$2,551CURRENT US$
Rnk 146 / 196
2013-2023
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GDP PC GROWTH166%CURRENT US$
Rnk 2 / 195

About

United States-Bangladesh Trade: In 2023, United States exported $2.21B to Bangladesh. The main products that United States exported to Bangladesh were Scrap Iron ($577M), Raw Cotton ($339M), and Petroleum Gas ($325M). Over the past 5 years the exports of United States to Bangladesh have increased at an annualized rate of 4.74%, from $1.75B in 2018 to $2.21B in 2023.

In 2023, United States did not export any services to Bangladesh.

Bangladesh-United States Trade: In 2023, Bangladesh exported $8.58B to United States. The main products that Bangladesh exported to United States were Non-Knit Men's Suits ($1.9B), Non-Knit Women's Suits ($1.09B), and Non-Knit Men's Shirts ($705M). Over the past 5 years the exports of Bangladesh to United States have increased at an annualized rate of 6.45%,  from $6.28B in 2018 to $8.58B in 2023.

In 2023, Bangladesh did not export any services to United States.

Comparison: In 2023,  United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B).

Company data: In 2023, leading companies such as PVH (Phillips-Van Heusen Corporation) (1.29k), H&M Clothing (696), and Kontoor Brands (332) were at the forefront of exporting goods from Bangladesh to the United States. Conversely, Apm Global Logistics Bangladesh Ltd (611), Other (382), and Regency Three Limited (357) were notable for importing products to Bangladesh from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $300M and imported $711M from Bangladesh, resulting in a negative trade balance of $411M. Between November 2023 and November 2024 the exports of United States have increased by $17.2M (6.07%) from $283M to $300M, while imports increased by $206M (40.7%) from $505M to $711M.

Trade In November 2024, the top exports of United States to Bangladesh were Petroleum Gas ($141M), Soybeans ($89.1M), Raw Cotton ($17.9M), Scrap Iron ($13.8M), and Commodities not elsewhere specified ($8.72M). In November 2024 the top imports of United States from Bangladesh were Non-Knit Men's Suits ($245M), Non-Knit Women's Suits ($148M), Non-Knit Men's Shirts ($82.5M), Knit T-shirts ($54.4M), and Knitted Hats ($54M).

Origins In November 2024 the exports of United States were mainly from Illinois ($74.8M), Washington ($68.7M), Louisiana ($47.4M), Texas ($42.9M), and Georgia ($9.69M), while imports destinations were mainly California ($113M), New York ($103M), Georgia ($56.6M), New Jersey ($51.9M), and Texas ($41.9M).

Growth In November 2024, the increase in United States's year-by-year exports to Bangladesh was explained primarily by an increase in product exports in Soybeans ($30.2M or 51.3%), Commodities not elsewhere specified ($5.53M or 173%), and Laboratory Reagents ($4.51M or 1.55k%). In November 2024, the increase in United States's year-by-year imports  from Bangladesh was explained primarily by an increase in product imports  in Non-Knit Men's Suits ($56.7M or 30.1%), Non-Knit Men's Shirts ($33.8M or 69.2%), and Non-Knit Women's Suits ($30.2M or 25.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$17.2M(6.07%)
IMPORT GROWTH (November 2023 - November 2024)$206M(40.7%)
MAIN EXPORTER (November 2024)Illinois$74.8M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Bangladesh and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bangladesh and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United States exported $2.21B to Bangladesh. The main products exported from United States to Bangladesh were Scrap Iron ($577M), Raw Cotton ($339M), and Petroleum Gas ($325M). During the last 5 years the exports of United States to Bangladesh have increased at an annualized rate of 4.74%, from $1.75B in 2018 to $2.21B in 2023.

In 2018, Bangladesh exported $8.58B to United States. The main products exported from Bangladesh to United States were Non-Knit Men's Suits ($1.9B), Non-Knit Women's Suits ($1.09B), and Non-Knit Men's Shirts ($705M). During the last 5 years the exports of Bangladesh to United States have increased at an annualized rate of 6.45%, from $6.28B in 2023 to $8.58B in 2018.

Exports from United States (Flag) to Bangladesh (Flag) (2023)

Exports from Bangladesh (Flag) to United States (Flag) (2023)

Market Competitiveness

Color
United States
Top DestinationCanada$269B
Bangladesh
Top DestinationUnited States$8.58B

This map shows whether countries import more from United States or Bangladesh. Each country is colored based on the difference in imports they receive from United States and Bangladesh or the difference in the growth in imports.

In 2023, countries that imported more from United States than Bangladesh included Canada ($269B), Mexico ($243B), and China ($154B).

In 2023, countries that imported more from Bangladesh than United States included Andorra ($10.1M).

Difference in imports from Bangladesh (Flag) and United States (Flag) (2023)

Comparative Advantage United States - Bangladesh

Flow
Scale

This chart compares trade between United States and Bangladesh by product, considering products traded by both, United States and Bangladesh.

During 2023, United States had a large net trade with Bangladesh in the exports of Metals ($586M), Textiles ($349M), and Vegetable Products ($342M).

During 2018, Bangladesh had a large net trade with United States in the exports of Textiles ($7.49B), Footwear and Headwear ($764M), and Animal Hides ($97M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Bangladesh+$55MPetroleum Gas
Top Product Potential Bangladesh United States+$601MKnit Sweaters

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United States and Bangladesh. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Bangladesh. Similarly, a dot/product with the flag of Bangladesh indicates it has a comparative advantage over United States.

Product Space of United States (Flag) and Bangladesh (Flag) (2023)

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