Trade deficit crosses $11b level in eight months

Bangladesh’s merchandise trade gap with the rest of the world registered around 9.90 per cent growth in the first eight months of the current fiscal year (FY21) over the same period of FY20. Bangladesh Bank statistics showed that the trade deficit crossed the $11 billion level and stood at $11.80 billion in the July-February period of the current fiscal year.

The trade deficit was $10.78 billion in the same period of the past fiscal year. It also showed that a slight decline in exports coupled with a modest increase in imports enhanced the trade gap.