trade deficit

July-Aug trade gap reaches $2.11b

MNA Business Desk: Bangladesh’s trade deficit crossed US$ 2.0 billion in the first two months of the current fiscal year (FY), 2018-19, mainly due to its higher import payments than lower export receipts, reported news agency.

The gap in trade with the rest of the world rose to $ 2.11 billion in the July-August period of FY 19, from $ 1.77 billion in the same period of the previous fiscal.

The trade deficit registered a 19.31 per cent growth during the period under review, according to the latest statistics of Bangladesh Bank (BB).

The overall import grew by 5.66 per cent during the July-August period of FY 19 against 33.95 per cent growth in the same period of FY 18, according to the central banker.

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