Bangladesh Economic Update October 2013
The current Bangladesh Economic Update focuses on the current situation of trade. It further concentrates on factors and policies that have been exerting pressure on the external sector.
The country has been experiencing a negative balance of trade over the years, despite a fall in trade deficit. The reason behind this decline in trade deficit has been a greater decrease in import than that in export. Trade deficit declined from USD 9310 million in FY 2011-12 to USD 7010 million in FY 2012-13, after increasing over the years to reach at peak in FY 2011-12. Trade deficit as a percentage of GDP reached at 8.10 percentage of GDP in FY 2006-07, the highest between FY 2001-02 and FY 2012-13.