Country’s merchandise trade gap with the rest of the world declined slightly in the first quarter (Q1) of the current fiscal year (FY20).
Updated statistics of the balance of payments (BoP), released by Bangladesh Bank on Thursday afternoon, showed that merchandise trade deficit stood at $3.71 billion in July-September period of the current fiscal year. The amount was $3.85 billion in the same period of FY19.
Decline in both the export and import reduced the merchandise trade gap.
Deficit in services trade, however, increased during the period under review. According to the central bank statistics, deficit in services trade stood at $958 million in the first quarter of FY20 which was $761 million in FY19.