According to the latest Balance of Payments (BoP) data, the country's trade deficit has expanded to $2 billion. This shift is attributed to an 8.6% increase in imports during July, coupled with a 1.9% decline in export earnings. The rise in import costs was driven largely by increased spending on petroleum and fertilizers.
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Trade deficit hits $2 billion amid export decline and rising imports
The trade deficit has widened to $2 billion as exports fell by 1.9% and imports rose by 8.6% in July.
তথ্যসূত্র: The Business Standard