Trade in goods with USA SITC (Standard International Trade Classification)
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Bangladesh trade flows with USA by SITC*) product sections during 2021/3 - 2021/7

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


Share of USA's2021/3
%
2021/4
%
2021/5
%
2021/6
%
2021/7
%
Export0.10.10.10.10.1
Import0.30.20.30.30.3
Trade in Goods0.20.20.20.20.2

USA's foreign trade with Bangladesh, exports to Bangladesh and imports from Bangladesh in Juli 2021


The text of the following analysis is produced by a computer program. The program is a test version and its rule base at this stage is still quite limited.

In Juli Bangladesh was USA's 51. most important foreign trade partner. Most of the value of trade between the countries consists of the import to USA. Amounting trade to worth of $768 million was 29.7 per cent bigger than in Juli of the previous year. In Juli the trade balance with Bangladesh was $558 million in deficit for United States of America.

The value of imports from Bangladesh was 37.4 per cent higher than in Juli of the previous year, thus amounting to $663 million. 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 29.8 percent of imports, Sitc845 (articles of apparel, of textile fabrics, whether or not knitted or crocheted, n.e.s.) 22.9 % 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)) 16.2 % of the imports.

The value of exports to Bangladesh declined by 4.2 per cent compared to in Juli of the previous year, thus amounting to $105 million in Juli 2021. The largest product groups of exports were: Sitc263 (cotton), which represented a share of 27.2 per cent of total exports, Sitc222 (oil-seeds and oleaginous fruits of a kind used for the extraction of *soft* fixed vegetable oils (excluding flours and meals)) 18.7 % and Sitc282 (ferrous waste and scrap; remelting scrap ingots of iron or steel) 17.2 % of the exports.

Significant increase in trade in goods in early 2021

During January-Juli, trade in goods with Bangladesh has grown faster than USA's trade in goods with the rest of the world. During this year trade in goods between countries was significantly higher than in January-Juli of the previous year. Growth was as high as 25.4015846481479 per cent and the value of the trade increased to $5.6 billion. During January-Juli the value of imports was $4.4 billion. The export value was $1.2 billion. Compared to the corresponding period of the previous year, the value of imports increased by 30.6% and the value of exports by 9.3%. 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 $1.2 billion. In export the largest value had Sitc282 (ferrous waste and scrap; remelting scrap ingots of iron or steel), worth being $270 million. From USA's point of view, the trade balance between the countries in January-Juli remained in deficit. The trade deficit was $3.2 billion. The trade deficit continued to widen compared to the corresponding period in 2020. At that time, the deficit was $2.3 billion.


Table: USA's export to Bangladesh (BD) during 2021/3 - 2021/7

2021 / 32021 / 42021 / 52021 / 62021 / 7
million $%million $%million $%million $%million $%
0. Food and live animals 56.5 27.8 8.3 5.4 9.5 5.0 7.6 6.4 6.1 5.7
00. Live animals 1.2 0.5 1.1 0.7 0.3 0.1 0.3 0.2 0.3 0.2
03. Fish and fish preparations 0 0.0 0 0.0 0.2 0.1 0.6 0.4 0 0.0
04. Cereals and cereal preparations 48.9 24.1 1.0 0.6 2.0 1.0 0.1 0.0 0 0.0
05. Vegetables and fruit 1.7 0.8 0.9 0.5 0.7 0.3 0.2 0.1 0.7 0.6
08. Feeding stuff for animals 4.2 2.0 4.9 3.2 5.2 2.7 6.2 5.2 5.1 4.8
09. Miscellaneous edible products and preparations 0.4 0.2 0.3 0.1 1.3 0.7 0.3 0.2 0.2 0.1
2. Crude materials,inedible,except fuels 96.7 47.7 52.6 34.2 132.6 70.1 75.4 63.7 70.6 67.0
22. Oil seeds,oleaginous fruits 31.1 15.3 0.5 0.3 0 0.0 0 0.0 19.9 18.9
25. Pulp and waste paper 0.7 0.3 0.2 0.1 1.2 0.6 0.6 0.5 1.2 1.1
26. Textile fibres and their wastes 46.5 22.9 31.2 20.3 42.7 22.5 25.5 21.5 30.0 28.5
28. Metalliferous ores and metal scrap 16.2 8.0 19.2 12.5 87.9 46.5 49.1 41.5 18.3 17.3
29. Crude animal,vegetable materials n.e.s. 2.3 1.1 1.6 1.0 0.7 0.3 0.2 0.1 1.1 1.0
3. Mineral fuels etc 21.6 10.6 34.8 22.6 21.4 11.3 0.1 0.0 0.1 0.0
34. Gas,natural and manufactured 21.6 10.6 34.7 22.6 21.4 11.3 0.1 0.0 0 0.0
5. Chemicals and related products,n.e.s. 6.6 3.2 8.6 5.6 7.4 3.9 5.4 4.5 4.9 4.6
52. Inorganic chemicals 0.8 0.4 1.3 0.8 1.4 0.7 0.6 0.4 1.3 1.2
54. Medicinal and pharmaceutical products 3.2 1.6 3.3 2.1 2.5 1.3 1.6 1.3 1.5 1.4
55. Perfume,cleaning etc.preparations 0.4 0.2 1.0 0.6 0.9 0.5 0.3 0.2 0.3 0.2
57. Plastics in primary forms 0.7 0.3 1.1 0.7 0.7 0.3 0.7 0.6 0.6 0.5
59. Chemical materials and products,n.e.s. 1.6 0.8 1.8 1.1 1.5 0.7 2.1 1.7 0.9 0.8
6. Basic manufactures 2.4 1.1 1.7 1.1 2.2 1.1 1.7 1.4 1.8 1.6
64. Paper,paperboard and articles thereof 1.1 0.5 0.3 0.2 1.2 0.6 0.1 0.0 0.3 0.2
69. Manufactures of metals,n.e.s. 0.4 0.2 0.4 0.2 0.3 0.1 0.5 0.4 0.8 0.7
7. Machinery,transport equipment 13.1 6.4 43.4 28.3 12.2 6.4 15.4 13.0 18.0 17.1
71. Power generating machinery and equipment 0.5 0.2 23.5 15.3 5.0 2.6 6.2 5.2 1.4 1.2
72. Machinery for specialized industries 1.1 0.5 6.5 4.2 3.2 1.7 1.0 0.8 13.0 12.3
73. Metal working machinery 0.2 0.1 1.3 0.8 0.1 0.0 0.2 0.1 0 0.0
74. General industrial machinery n.e.s. 1.5 0.7 4.5 2.9 1.0 0.5 2.6 2.1 1.3 1.2
75. Office machines and adp machines 0.10 0.5 0.7 0.4 0.4 0.2 0.4 0.3 0.3 0.3
76. Telecommunications and sound recording equipment 4.5 2.2 0.3 0.2 0.2 0.1 0.3 0.2 0.3 0.2
77. Electric machinery,n.e.s.and parts 3.3 1.6 0.10 0.6 1.1 0.6 1.5 1.2 1.6 1.5
78. Road vehicles 0.4 0.2 0.2 0.1 0.8 0.4 0.4 0.3 0.1 0.0
79. Other transport equipment 1.0 0.5 5.9 3.8 0.7 0.4 3.1 2.6 0.5 0.4
8. Miscellaneous manufactured articles 3.10 1.9 2.6 1.7 1.9 1.0 11.8 9.9 3.1 2.9
87. Instruments and apparates n.e.s. 3.2 1.6 1.9 1.2 1.4 0.7 2.2 1.8 2.6 2.5
89. Miscellaneous manufactured articles,n.e.s. 0.7 0.3 0.6 0.3 0.5 0.2 9.5 8.0 0.4 0.3
9. Goods not classified elsewhere 2.3 1.1 1.7 1.1 2.1 1.1 1.3 1.1 1.2 1.1
99. (USA Sitc) Estimate of non-canadian low value shipments; compiled low value shipments to canada; and various export shipments not identified by kind 2.1 1.0 1.5 1.0 1.10 1.0 1.2 1.0 1.1 1.0
0-9. All groups combined 202.8 100.0 153.4 100.0 189.1 100.0 118.4 100.0 105.3 100.0

Source: US Census Bureau

Table: Import from Bangladesh (BD) to USA during 2021/3 - 2021/7

2021 / 32021 / 42021 / 52021 / 62021 / 7
million $%million $%million $%million $%million $%
0. Food and live animals 5.3 0.8 4.0 0.7 6.2 0.9 5.3 0.8 3.8 0.6
03. Fish and fish preparations 4.0 0.6 2.8 0.5 4.2 0.6 4.1 0.6 2.5 0.4
04. Cereals and cereal preparations 0.10 0.1 0.7 0.1 1.4 0.2 0.8 0.1 0.9 0.1
2. Crude materials,inedible,except fuels 1.1 0.2 0.7 0.1 0.10 0.1 1.7 0.3 0.9 0.1
26. Textile fibres and their wastes 1.1 0.2 0.6 0.1 0.7 0.1 1.6 0.2 0.9 0.1
5. Chemicals and related products,n.e.s. 0.8 0.1 0.8 0.1 2.8 0.4 0.9 0.1 1.10 0.3
54. Medicinal and pharmaceutical products 0.6 0.1 0.7 0.1 2.5 0.3 0.8 0.1 1.6 0.2
6. Basic manufactures 26.1 4.2 29.8 5.3 43.1 6.1 31.5 5.0 27.10 4.2
65. Textile yarn,fabrics,made up articles,etc. 24.9 4.0 29.2 5.2 42.1 6.0 30.5 4.8 27.0 4.1
66. Non-metallic mineral manufactures,n.e.s. 0.6 0.1 0.3 0.1 0.5 0.1 0.6 0.1 0.7 0.1
7. Machinery,transport equipment 0.1 0.0 0.1 0.0 0.5 0.1 0.2 0.0 0.6 0.1
8. Miscellaneous manufactured articles 584.4 93.8 521.1 92.7 646.6 91.6 591.8 93.1 623.5 94.0
82. Furniture and parts thereof 3.3 0.5 3.0 0.5 5.5 0.8 2.9 0.5 2.8 0.4
83. Travel goods,handbags and sim.containers 4.1 0.6 4.10 0.9 5.2 0.7 7.1 1.1 4.8 0.7
84. Articles of apparel and clothing accessories 535.5 85.9 474.6 84.4 591.6 83.8 549.7 86.5 573.5 86.5
85. Footwear 24.4 3.9 21.6 3.8 23.10 3.4 18.9 3.0 22.1 3.3
88. Photographic equipment,optical goods etc. 1.3 0.2 1.2 0.2 1.4 0.2 1.3 0.2 1.1 0.2
89. Miscellaneous manufactured articles,n.e.s. 15.7 2.5 15.9 2.8 18.7 2.6 11.7 1.8 19.3 2.9
9. Goods not classified elsewhere 5.3 0.8 5.7 1.0 5.9 0.8 4.5 0.7 4.7 0.7
93. Special transactions and commodities not classified 0.6 0.1 1.1 0.2 1.7 0.2 0.8 0.1 0.10 0.1
98. (USA Sitc) Estimate of import items valued under $251 and of other low valued items nonexempt from formal entry 4.8 0.8 4.7 0.8 4.3 0.6 3.7 0.6 3.7 0.6
0-9. All groups combined 623.2 100.0 562.3 100.0 705.10 100.0 635.8 100.0 663.1 100.0

Source: US Census Bureau

Year level (Sitc)

Year 2021 January - Juli (Sitc)


Year level of Advanced Technology Products (ATP)

Advanced Technology Products (ATP) of last published months

Year 2021 January - Juli (ATP)

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