Jul-Aug trade deficit shoots to $4.12b
The trade deficit rose to $4.12 billion in the July-August period of the current fiscal year, from $697 million during the same period of last year.
According to the balance of payment data released on Monday, the trade deficit was $1.34 billion in July.
Exports in the last two months slightly declined, while imports surged about 46% compared to the same period of last year, reflecting increased investment and production.
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Remittances decreased 20% in the first quarter of the current fiscal year, although exports marked a significant rise in September.
Bangladesh's trade deficit hit an all-time high of $22.8 billion last fiscal year due to a rise in commodity prices in the global market.
