Trade deficit stands at $3.03b
Economic Reporter :
Country’s trade deficit stood at $3.03 billion in the first five months (July to November) of the ongoing fiscal 2015-15 mainly due to an increase in import payments.
During the period, the export earning was $12.57 billion. On the contrary, the import payment was $15.60 billion, according to the latest data of Bangladesh Bank.
The country’s trade deficit slightly increased to $3.03 billion in the first five months of the current financial year compared with that of $3.01 billion during the same period of the FY15.
The trade deficit increased by 34.17 per cent in the first five months of the FY15 compared with that of $2.25 billion during the corresponding period of the FY14.
A BB official said the country posted a record trade gap in the last financial year but the deficit decreased significantly in the first four months of the FY16 due to a massive drop in import payments.
The trade deficit hit its all-time high at $9.91 billion in the FY15. The trade gap, however, increased slightly in November as the imports picked up during the period.
The BB data showed that the export earnings registered a 5.75-per cent growth in the first five months of the FY16 compared with that of 0.91-per cent growth in the same period of the FY15.
The export earnings stood at $12.57 billion in the July-November period of the FY16 and it was $11.88 billion during the same period of the FY15.
The imports registered a 4.67-per cent growth in the first five months of the FY16 compared with that of 16.62-per cent growth in the corresponding period of the FY15.
The import payment stood at $15.60 billion in the July-November period of the FY16 and it was $14.90 billion in the same period of the FY15.
Country’s trade deficit stood at $3.03 billion in the first five months (July to November) of the ongoing fiscal 2015-15 mainly due to an increase in import payments.
During the period, the export earning was $12.57 billion. On the contrary, the import payment was $15.60 billion, according to the latest data of Bangladesh Bank.
The country’s trade deficit slightly increased to $3.03 billion in the first five months of the current financial year compared with that of $3.01 billion during the same period of the FY15.
The trade deficit increased by 34.17 per cent in the first five months of the FY15 compared with that of $2.25 billion during the corresponding period of the FY14.
A BB official said the country posted a record trade gap in the last financial year but the deficit decreased significantly in the first four months of the FY16 due to a massive drop in import payments.
The trade deficit hit its all-time high at $9.91 billion in the FY15. The trade gap, however, increased slightly in November as the imports picked up during the period.
The BB data showed that the export earnings registered a 5.75-per cent growth in the first five months of the FY16 compared with that of 0.91-per cent growth in the same period of the FY15.
The export earnings stood at $12.57 billion in the July-November period of the FY16 and it was $11.88 billion during the same period of the FY15.
The imports registered a 4.67-per cent growth in the first five months of the FY16 compared with that of 16.62-per cent growth in the corresponding period of the FY15.
The import payment stood at $15.60 billion in the July-November period of the FY16 and it was $14.90 billion in the same period of the FY15.