Trade deficit shrinks by 4.24% in first 11 months of FY25

The current account deficit narrows to $432 million, down from $6.11 billion year-on-year

In the first eleven months of the outgoing 2024–2025 fiscal year, Bangladesh has seen not only a drop in trade deficit but also an improvement in the Balance of Payments (BoP).

During this period, the trade deficit stood at $19.38 billion, nearly 4.24 percent lower than the $20.24 billion recorded in the same period of the previous fiscal year.

This marks a decrease of over $840 million in one year.

As per the latest data released by Bangladesh Bank on Sunday, the country exported goods and services worth nearly $40.87 billion in the first 11 months of FY 2024–2025.

In the same period last year, export earnings were $37.34 billion, showing a growth of approximately 9.45 percent.

From July to May of FY2025, imports rose to $60.34 billion, compared with $57.57 billion last year. It marks an increase of around 4.80 percent.

CURRENT ACCOUNT

The current account deficit also narrowed sharply during the 11 months of the current fiscal year, reaching $432 million, compared with $6.11 billion year-on-year.

The current account reflects a country's routine external transactions, including import, export and other recurring earnings and expenses.

A surplus helps reduce dependence on foreign loans, while a deficit signals external financing pressure.

FINANCIAL ACCOUNT

The financial account recorded a $2.66 billion surplus from July–May, compared with $20.7 billion in the same period last year.

The account tracks flows from remittances, foreign loans and grants, direct investments, and portfolio investments.