Trade deficit narrows in FY 2013-14

Bangladesh Bank official said that the country’s trade deficit narrowed in the last financial year which ended in June led by exports increase, Xinhua reported.

Trade deficit in the last fiscal year 2013-14 (July 2013-June 2014) narrowed 3 percent to USD6.81 billion compared to a year earlier, said the Bangladesh Bank (BB) official.

The country’s import payment was USD36,571 billion, up 8.92 percent in the last fiscal year while earnings from exports stood at USD29,765 billion U, up 12.04 percent during the same period.