July-August trade deficit shrinks amid political uncertainty

Bangladesh's trade deficit narrowed about 10 per cent to 2.75 billion US dollars in the first two months of the current 2024-25 fiscal year starting from July 2024 and ending in June 2025, official statistics showed recently.

According to statistics of the central bank of Bangladesh, the country exported 7.16 billion dollars worth of goods while imported items worth 9.91 billion dollars in the July-August period of the current fiscal year, reports Xinhua.

In the first two months of the current fiscal year, Bangladesh's export earnings rose by 2.5 per cent while imports fell 1.2 per cent compared with a year earlier.

As the growth in exports outpaced the imports which took a hit due to the recent political uncertainty, Bangladesh's trade deficit in goods narrowed in the two months.