Trade in goods with USA SITC (Standard International Trade Classification)
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Bangladesh trade flows with USA by SITC*) product sections during 2023/5 - 2023/9

*) Standard International Trade Classification (classification system is maintained by the United Nations)


Share of USA's2023/5
%		2023/6
%		2023/7
%		2023/8
%		2023/9
%
Export0.1 0.1 0.1 0.1 0.1
Import0.3 0.2 0.3 0.3 0.3
Trade in Goods0.2 0.2 0.2 0.2 0.2

USA's foreign trade with Bangladesh, exports to Bangladesh and imports from Bangladesh in September 2023


The text of the following analysis is produced by a computer program.

In September Bangladesh was USA's 49. most important foreign trade partner. Improvement from the previous month was 3 places. Most of the value of trade between the countries consists of the import to USA. Trade in goods between the countries of the month was considerably lower than in in September of the previous year. The value of the trade was $841 million and the drop was 31.9 %. In September the trade balance with Bangladesh was $505 million in deficit for United States of America.

The value of imports from Bangladesh decreased strongly, by 35.2 per cent compared to in September of the previous year. The import amounted to $673 million in September 2023. Major product categories of imports from Bangladesh were Sitc841 (men's or boys' coats, capes, jackets, suits, blazers, trousers, shorts, shirts, underwear, nightwear and similar articles of textile fabrics, not knitted or crocheted (other than those of subgroup 845.2)), representing 33.1 percent of imports, Sitc845 (articles of apparel, of textile fabrics, whether or not knitted or crocheted, n.e.s.) 24.2 % and Sitc842 (women's or girls' coats, capes, jackets, suits, trousers, shorts, shirts, dresses and skirts, underwear, nightwear and similar articles of textile fabrics, not knitted or crocheted (other than those of subgroup 845.2)) 14.0 % of the imports.

The value of exports to Bangladesh declined by 14.6 per cent compared to in September of the previous year, thus amounting to $168 million in September 2023. The largest product groups of exports were: Sitc282 (ferrous waste and scrap; remelting scrap ingots of iron or steel), which represented a share of 37.4 per cent of total exports, Sitc263 (cotton) 14.1 % and Sitc511 (hydrocarbons, n.e.s., and their halogenated, sulphonated, nitrated or nitrosated derivatives) 9.1 % of the exports.

A sharp drop in trade in goods in early 2023

During January-September, trade in goods between the two countries declined sharply (-26.5 %) over the same period last year. The value of the trade was $8.1 billion. During January-September the value of imports was $6.6 billion. The export value was $1.6 billion. Compared to the corresponding period in 2022, the value of both imports and exports decreased significantly. The decline in imports was 24.2 % and in the value of exports 34.9 %. The largest product group in terms of imports has been Sitc841 (men's or boys' coats, capes, jackets, suits, blazers, trousers, shorts, shirts, underwear, nightwear and similar articles of textile fabrics, not knitted or crocheted (other than those of subgroup 845.2)), worth $2.2 billion. In export the largest value had Sitc282 (ferrous waste and scrap; remelting scrap ingots of iron or steel), worth being $452 million. From USA's point of view, the trade balance between the countries in January-September remained in deficit. The trade deficit was $5.0 billion. The trade deficit narrowed compared to the corresponding period in 2022. At that time, the deficit was $6.2 billion.


Table: USA's export to Bangladesh (BD) during 2023/5 - 2023/9

2023 / 52023 / 62023 / 72023 / 82023 / 9
million $%million $%million $%million $%million $%
0. Food and live animals 5.8 2.9 9.3 6.0 8.5 5.5 8.9 6.2 18.4 11.0
00. Live animals 0.3 0.1 1.1 0.7 0.1 0.1 0.3 0.2 00
02. Dairy products and birds' eggs 00 0.8 0.5 1.1 0.7 1.4 1.0 0.2 0.1
04. Cereals and cereal preparations 00 00 0.3 0.2 0.2 0.1 10.9 6.5
05. Vegetables and fruit 0.5 0.3 0.4 0.3 0.2 0.1 0.1 0.1 0.1 0.0
08. Feeding stuff for animals 4.5 2.2 6.7 4.3 6.5 4.2 6.7 4.7 6.8 4.1
2. Crude materials,inedible,except fuels 122.6 60.3 72.3 46.3 79.7 51.6 106.1 74.1 88.8 53.0
22. Oil seeds,oleaginous fruits 00 00 0.3 0.2 0.6 0.4 00
25. Pulp and waste paper 2.7 1.3 1.2 0.7 1.3 0.9 2.1 1.5 1.2 0.7
26. Textile fibres and their wastes 45.7 22.5 27.4 17.5 35.4 22.9 30.5 21.3 24.0 14.3
28. Metalliferous ores and metal scrap 73.4 36.1 42.7 27.4 41.6 26.9 71.5 50.0 62.7 37.4
29. Crude animal,vegetable materials n.e.s. 0.7 0.3 0.9 0.6 0.9 0.6 1.3 0.9 0.6 0.4
3. Mineral fuels etc 14.9 7.3 24.6 15.8 24.7 16.0 0.0 0.0 5.0 3.0
34. Gas,natural and manufactured 14.9 7.3 24.6 15.7 24.7 16.0 00 5.0 3.0
5. Chemicals and related products,n.e.s. 16.8 8.3 19.1 12.2 20.1 13.0 4.9 3.4 29.1 17.4
51. Organic chemicals 12.1 6.0 10.8 6.9 13.5 8.7 0.1 0.1 15.5 9.3
52. Inorganic chemicals 0.4 0.2 0.7 0.4 1.0 0.7 0.8 0.5 1.4 0.8
53. Dyeing,tanning and colouring material 0.1 0.1 0.7 0.5 0.0 0.0 0.1 0.0 0.1 0.0
54. Medicinal and pharmaceutical products 2.2 1.1 3.5 2.2 3.0 1.9 1.4 1.0 10.3 6.1
55. Perfume,cleaning etc.preparations 0.3 0.1 0.4 0.3 0.6 0.4 0.4 0.3 0.6 0.3
57. Plastics in primary forms 0.9 0.4 1.4 0.9 0.7 0.4 0.4 0.3 0.6 0.4
59. Chemical materials and products,n.e.s. 0.8 0.4 1.6 1.0 1.2 0.8 1.8 1.3 0.6 0.4
6. Basic manufactures 1.9 1.0 2.5 1.6 1.7 1.1 2.5 1.8 2.2 1.3
64. Paper,paperboard and articles thereof 0.2 0.1 1.1 0.7 0.7 0.4 1.1 0.8 1.6 1.0
65. Textile yarn,fabrics,made up articles,etc. 0.9 0.4 0.7 0.5 0.3 0.2 0.6 0.4 0.1 0.0
7. Machinery,transport equipment 36.5 18.0 22.4 14.3 14.9 9.6 14.0 9.8 17.5 10.5
71. Power generating machinery and equipment 5.2 2.6 7.8 5.0 6.9 4.4 5.8 4.1 4.8 2.9
72. Machinery for specialized industries 1.6 0.8 3.0 1.9 2.4 1.6 3.1 2.2 2.1 1.2
74. General industrial machinery n.e.s. 2.7 1.3 2.2 1.4 2.8 1.8 1.6 1.1 1.2 0.7
75. Office machines and adp machines 0.2 0.1 0.6 0.4 0.2 0.2 0.2 0.1 0.6 0.3
76. Telecommunications and sound recording equipment 1.3 0.7 4.6 2.9 0.9 0.6 0.4 0.3 4.1 2.4
77. Electric machinery,n.e.s.and parts 1.1 0.5 2.4 1.5 0.9 0.6 1.6 1.1 1.5 0.9
78. Road vehicles 0.4 0.2 0.6 0.4 0.2 0.1 0.5 0.3 00
79. Other transport equipment 23.5 11.6 1.1 0.7 0.5 0.4 0.8 0.6 3.2 1.9
8. Miscellaneous manufactured articles 2.0 1.0 3.9 2.5 3.3 2.1 5.1 3.5 4.8 2.9
84. Articles of apparel and clothing accessories 0.0 0.0 0.1 0.1 0.7 0.5 0.3 0.2 0.2 0.1
87. Instruments and apparates n.e.s. 1.5 0.7 2.6 1.7 1.9 1.2 4.1 2.9 3.5 2.1
89. Miscellaneous manufactured articles,n.e.s. 0.4 0.2 1.0 0.6 0.5 0.3 0.6 0.4 0.8 0.5
9. Goods not classified elsewhere 2.6 1.3 2.0 1.3 1.6 1.1 1.6 1.1 1.8 1.1
93. Special transactions and commodities not classified 0.5 0.3 0.4 0.3 0.1 0.0 0.2 0.1 0.1 0.1
99. (USA Sitc) Estimate of non-canadian low value shipments; compiled low value shipments to canada; and various export shipments not identified by kind 2.0 1.0 1.6 1.0 1.6 1.0 1.5 1.0 1.7 1.0
0-9. All groups combined 203.2 100.0 156.2 100.0 154.5 100.0 143.2 100.0 167.6 100.0

Source: US Census Bureau

Table: Import from Bangladesh (BD) to USA during 2023/5 - 2023/9

2023 / 52023 / 62023 / 72023 / 82023 / 9
million $%million $%million $%million $%million $%
0. Food and live animals 4.1 0.6 2.7 0.5 2.8 0.3 2.7 0.4 2.2 0.3
03. Fish and fish preparations 2.5 0.3 1.8 0.3 1.1 0.1 1.8 0.3 1.2 0.2
04. Cereals and cereal preparations 1.2 0.2 0.6 0.1 1.1 0.1 0.6 0.1 0.6 0.1
1. Beverages and tobacco 0.1 0.0 0.2 0.0 0.3 0.0 0.8 0.1 2.0 0.3
12. Tobacco and tobacco manufactures 0.1 0.0 0.1 0.0 0.3 0.0 0.8 0.1 2.0 0.3
2. Crude materials,inedible,except fuels 0.8 0.1 0.7 0.1 0.7 0.1 1.6 0.2 0.4 0.1
26. Textile fibres and their wastes 0.6 0.1 0.5 0.1 0.6 0.1 0.5 0.1 0.4 0.1
27. Crude fertilizers and crude minerals 00 00 00 0.6 0.1 00
5. Chemicals and related products,n.e.s. 1.2 0.2 1.4 0.2 2.9 0.3 2.0 0.3 1.2 0.2
54. Medicinal and pharmaceutical products 1.1 0.2 1.2 0.2 2.7 0.3 1.7 0.2 1.1 0.2
6. Basic manufactures 26.1 3.7 16.4 2.8 17.8 2.1 18.4 2.6 11.7 1.7
65. Textile yarn,fabrics,made up articles,etc. 24.3 3.5 15.4 2.6 16.6 2.0 17.3 2.5 10.4 1.5
66. Non-metallic mineral manufactures,n.e.s. 1.2 0.2 0.4 0.1 0.6 0.1 0.5 0.1 0.7 0.1
7. Machinery,transport equipment 2.7 0.4 0.6 0.1 2.4 0.3 0.7 0.1 2.3 0.3
71. Power generating machinery and equipment 0.8 0.1 00 00 00 00
74. General industrial machinery n.e.s. 1.0 0.1 0.1 0.0 0.6 0.1 0.0 0.0 0.1 0.0
77. Electric machinery,n.e.s.and parts 1.0 0.1 0.5 0.1 1.4 0.2 0.4 0.1 1.2 0.2
78. Road vehicles 0.0 0.0 00 0.4 0.0 0.2 0.0 1.0 0.1
8. Miscellaneous manufactured articles 661.9 93.9 557.8 95.4 814.4 96.2 664.9 95.0 642.0 95.4
82. Furniture and parts thereof 2.5 0.4 2.5 0.4 2.2 0.3 2.1 0.3 1.6 0.2
83. Travel goods,handbags and sim.containers 10.0 1.4 9.0 1.5 9.6 1.1 7.5 1.1 6.3 0.9
84. Articles of apparel and clothing accessories 616.9 87.6 517.2 88.5 753.7 89.0 622.2 88.9 599.8 89.1
85. Footwear 18.3 2.6 12.8 2.2 28.6 3.4 18.2 2.6 16.7 2.5
87. Instruments and apparates n.e.s. 0.5 0.1 0.1 0.0 0.4 0.1 0.3 0.0 0.3 0.0
88. Photographic equipment,optical goods etc. 0.8 0.1 2.5 0.4 1.1 0.1 1.5 0.2 1.4 0.2
89. Miscellaneous manufactured articles,n.e.s. 12.7 1.8 13.6 2.3 18.5 2.2 13.1 1.9 15.7 2.3
9. Goods not classified elsewhere 7.7 1.1 4.7 0.8 5.2 0.6 9.1 1.3 11.1 1.6
93. Special transactions and commodities not classified 2.3 0.3 1.6 0.3 1.4 0.2 3.9 0.6 6.4 0.9
98. (USA Sitc) Estimate of import items valued under $251 and of other low valued items nonexempt from formal entry 5.4 0.8 3.1 0.5 3.7 0.4 5.3 0.8 4.7 0.7
0-9. All groups combined 704.6 100.0 584.6 100.0 846.5 100.0 700.2 100.0 672.9 100.0

Source: US Census Bureau

Year level (Sitc)

The amount realized in the beginning of 2023 (Sitc)


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