Bangladesh’s trade balance has again returned to a deficit after exports growth dipped in August, a central bank official said yesterday.
The Bangladesh Bank (BB) official who preferred to be unnamed said the country recorded a trade surplus for July, its first since its independence four decades ago, Xinhua reported.
“But trade balance has returned to deficit in August,” he said.
The country’s import payment was $6.089bn in the first two months of 2014-15 fiscal year (July 2014-June 2015) while earning from export was $5.090bn during the same period, said the BB official quoting the BB data.
Official statistics showed Bangladesh’s imports in the first two months of 2014-15 fiscal year grew 5.29% from that of 2013-14 fiscal year, while year-on-year exports growth dipped to 1.94% in the same period.
The BB data showed that the country’s trade deficit in July-August of 2013-14 fiscal year (July 2013-June 2014) was estimated at $790mn.
