Bangladesh’s trade deficit in the first four months of the current 2024-25 fiscal year (July 2024-June 2025) dipped by around 12 percent to 6.66 billion U.S. dollars year-on-year, according to the latest data from the Bangladesh Bank.
The central bank’s data revealed that the country’s import payment was 20.95 billion dollars, up one percent in the July-October period, while earnings from exports stood at 14.30 billion dollars, up 8.3 percent during the same period.
The Bangladesh Bank data showed that the gap between export earnings and import payments in the same period of the previous fiscal year (July 2023-June 2024) was 7.54 billion dollars.
Officials from the Bangladesh Bank said strong remittances from millions of Bangladeshis living and working abroad helped offset the impact of the trade shortfall.
Bangladesh’s remittances totaled nearly 9 billion dollars in the July-October period this year, central bank data showed.
Bangladesh’s trade deficit in the 2023-24 fiscal year dipped by over 18 percent to 22.43 billion dollars year-on-year, according to data from the Bangladesh Bank.-  DHAKA(Xinhua)