Trade deficit with SAARC countries widens to USD 5,000 million in a year
Dhaka, April 1: Commerce Minister Tipu Munshi said Bangladesh's trade deficit with SAARC countries was USD 5,207 million in the last 2019-20 fiscal year. Among the SAARC countries, Bangladesh has trade deficit with all countries except Nepal and the Maldives. India has the largest trade deficit. The trade deficit with the country in Bangladesh is USD 4,697.22 million.
The information was given by the Commerce Minister in response to a question from Jatiya Party's Moshiur Rahman Ranga on Thursday (April 1).
Speaker Dr. Shirin Sharmin Chowdhury presided over the question and answer session.
According to the information given by the Commerce Minister in response to the question of Moshiur Rahman Ranga, the trade deficit of Bangladesh with SAARC countries in the fiscal year 2019-20 has been five thousand 206 million US dollars. At that time, Bangladesh exported 1 thousand 246.6 million US dollars to the countries. On the other hand, it has imported 6,453.6 million US dollars.
According to the minister, Bangladesh's exports to Afghanistan are 5.7 million US dollars, imports are 9.30 US dollars, exports to Bhutan are 4.38 million US dollars, imports are 40.90 US dollars.
Exports with India are 1096.48 million US dollars, imports 5893.80 US dollars. Exports to Nepal are 48.01 million US dollars, imports are 9.50 US dollars.
Exports with Pakistan are 50.54 million US dollars, imports are 543.90 US dollars.
Exports to Sri Lanka are 38.40 million US dollars, imports are 54.80 US dollars and exports to Maldives are 5.14 million US dollars, imports are 1.80 US dollars.
Kushtia-1 seat MP A. Ka. M. Replying to Sarwar Jahan's question, Commerce Minister Tipu Munshi said Bangladesh's trade deficit with India in the 2019-20 fiscal year was Tk 39,852.60 crore.
In that financial year, the import from India was 46 thousand 946 crore 81 lakh taka. On the other hand, the export has been nine thousand 295 crore 11 lakh.