Home Finance Bangladesh’s trade deficit widens 38% in July

Bangladesh’s trade deficit widens 38% in July

by fstcap

Bangladesh’s trade deficit, the gap between what it buys and sells abroad, widened by 38.36 percent to $2.08 billion in July, the first month of the current fiscal year, mainly due to high import growth amid negative export growth.

The trade deficit was $1.50 billion in the same month of the last fiscal year.

According to Bangladesh Bank (BB) data, import bills rose 8.6 percent year-on-year to $6.44 billion. At the same time, export earnings slipped 1.6 percent to $4.35 billion.

https://www.thedailystar.net/business/news/bangladeshs-trade-deficit-widens-38-july-4268011

 

You may also like