Sun, May 20, 2012
World > Middle East

Bangladesh's trade deficit widens to 6.59 bln USD in first 3Qs

2012-05-20 12:28:25 GMT2012-05-20 20:28:25(Beijing Time)  Xinhua English

DHAKA, May 20 (Xinhua) -- Bangladesh's trade deficit swelled to 6.59 billion U.S. dollars in the first three quarters of the current fiscal year ending next month, a 13.04 percent increase from a year earlier, official statistics showed Sunday.

Statistics of the Bangladesh Bank showed that the country exported 17.683 billion U.S. dollars of goods while it imported items worth 24.269 billion U.S. dollars in the July-March period of the current fiscal year (July 2011-June 2012).

The overall trade deficit in the same period of last fiscal year was 5.826 billion U.S. dollars when Bangladesh's export earning and import payment stood at 16.012 billion and 21.838 billion U.S. dollars respectively, the bank data showed.

In the first nine months of the current fiscal year, it showed, Bangladesh's export and import earnings surged 10.44 percent and 11.13 percent respectively compared with a year earlier.

The south Asian country's trade deficit swelled by over 42 percent year-on-year to 7.33 billion U.S. dollars last fiscal year.

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