Bangladesh trade deficit shrinks 32 percent

(MENAFN) The trade deficit in Bangladesh during the first quarter of the 2013-2014 fiscal year shrank by 32.37 percent from the same period a year ago to hit USD1.27 billion, Xinhua reported. A central bank official said that the country's imports in the period hit USD8.8 billion, down 9.37 percent, while exports hit a total of USD7.53 billion, representing a 22.04 percent increase from the same period last year. Remittances from Bangladeshis working outside the country came at USD3 billion in the first three months of the 2013-14 fiscal year.