Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
The country’s trade gap widened further by 92.76 per cent in the just concluded fiscal year (FY18) due to higher import payments than lower export receipts.
The trade gap with the rest of the world rose to $18.26 billion in the July-June period of the FY18 from $9.47 billion in the same period of the previous fiscal, according to the latest Bangladesh Bank (BB) statistics released on Monday.
The trade deficit widened by 87.54 per cent in the first 10 months till April of the just concluded fiscal, added the statistics.
The BB data showed that import jumped by more than 25 per cent while export recorded over 6.0 per cent growth during the June-July period of FY18.
The overall import rose to $54.46 billion in the FY18 from $43.49 billion in the same period in FY17.
In contrast, export income stood at over $36.20 billion in the last fiscal against $34.02 billion in the same period of the previous fiscal.