Imports in the country have increased at a huge rate, but the export income is not comparable to that. As a result, Bangladesh’s trade deficit with the outside world has increased to a record level. In the first nine months of the current financial year, the trade deficit stood at ৪ 24.9 billion. Which is more than 2 lakh 15 thousand crore in Bangladeshi currency.
According to the data, this amount of trade deficit is more than one-third of the national budget i.e. Tk. 6 lakh 3 thousand 81 crore. According to the central bank’s data, exports increased by 32.92 percent during the July-March period of the current financial year. On the other hand, imports have increased by 43.6 percent. In these nine months, the country has earned 3,62 crore dollars from exports. The cost of importing goods has been 6,152 crore dollars. Excluding export earnings from import expenditure, the trade deficit stood at ৪ 2.49 billion.
Meanwhile, the current account balance (current account balance) Bangladesh is in a big deficit. In the first nine months of the current financial year, the deficit (negative) amount is one thousand 140 crore 60 million dollars. At the same time in the previous fiscal year, the deficit was কোটি 555 million.
The trade deficit surpassed 2.49 trillion
Data analysis shows that from July to March, remittances to the country amounted to ৭৮ 1.57 billion, which is 16.64 percent less than the same period of the previous fiscal year.
Foreign direct investment (FDI) has increased in the country. In July-March of the last financial year, Bangladesh received FDI of 261 crore 30 million dollars. During the same period of the current financial year, it has increased to 349 crore 40 million dollars.
During the period under review, net foreign investment also increased by 46.8% over the previous year and stood at ৬৭ 160 million. At the same time last year, net foreign investment was ৪ 114 million.