The trade deficit was somewhat tolerable in the last two years as imports declined due to the coronavirus epidemic. But as the situation began to normalize, the deficit began to increase. Due to the war between Russia and Ukraine, the rising cost of food, fuel and other commodities in the world market has affected the import cost.
According to the central bank, the overall trade deficit in the first nine months of the current fiscal year stood at about িয়ন 25 billion, or ৪ 2,490.6 million. Never before in the history of the country has there been such a huge trade deficit.
Earlier in the year, the deficit was ৮ 2,260 crore.
According to the central bank, more than 61 billion worth of goods were imported during July-March of the current financial year. On the other hand, the exporters earned 38.61 billion dollars during this period.
Economists say the abnormal rise in imports has created a huge deficit in the balance of trade and transactions. Now the big challenge for the economy is to pull the reins