Trade deficit more than doubles in four months

Country’s overall trade deficit has more than doubled in the first four months of the current fiscal year (FY) due to higher import payments and lower export receipts, officials said.

The trade deficit rose by nearly 109 per cent to US$ 5.79 billion during the July-October period of FY 18 from $2.77 billion in the same period of the previous fiscal.

“The trade deficit widened significantly during the period under review mainly due to higher growth of import payments than export earnings,” said a senior official of the Bangladesh Bank (BB) to FE on Tuesday while explaining the main reason of the trade gap.

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