Bangladesh July-August trade deficit shrinks amid political uncertainty

DHAKA, Oct. 16 (Xinhua) — Bangladesh’s trade deficit narrowed about 10 percent to 2.75 billion U.S. dollars in the first two months of the current 2024-25 fiscal year starting from July 2024 and ending in June 2025, official statistics showed recently.
According to statistics of the central bank of Bangladesh, the country exported 7.16 billion dollars worth of goods while imported items worth 9.91 billion dollars in the July-August period of the current fiscal year.
In the first two months of the current fiscal year, Bangladesh’s export earnings rose by 2.5 percent while imports fell 1.2 percent compared with a year earlier.
As the growth in exports outpaced the imports which took a hit due to the recent political uncertainty, Bangladesh’s trade deficit in goods narrowed in the two months. ■