Bangla Trade Deficit Up 42%

The country’s trade deficit increased by 42% in the 11 months from July to May period of the fiscal year 2016-17, marking $9.2 billion, while it was $6.45 billion in the corresponding period of fiscal year 2015-16, BSSnews reported. The amount of trade deficit in July to April of FY’17 was $8.18 billion, which suggests that the deficit increased by $1.01 billion in the month of May alone. The large amount of trade deficit has left Bangladesh’s current account balance short by $2.1 billion in the July to May period of FY’17, while it was $3.19 billion surplus in the same period a year ago, according to the latest data of the central bank’s balance of payment.