Bangladesh's trade deficit swells to $22.21 billion as imports rise, export earnings decline
Dhaka, June 9 -- Bangladesh's trade deficit has widened further in the first 10 months of the ongoing fiscal year as imports increased and export earnings declined, pushing the merchandise trade gap to $22.21 billion.
The deficit was nearly 22 percent higher than in the same period a year earlier.
The ousted Sheikh Hasina government had taken a series of measures to curb import spending amid a dollar shortage, helping reduce imports and narrow the trade deficit in FY2023-24.
The interim government led by Muhammad Yunus largely continued the same approach, keeping the deficit on a downward trend in FY2024-25.
However, a sharp fall in export earnings has since reversed that trend.
Bangladesh Bank on Monday published Balance of Payments...
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