Trade Balance in Bangladesh

Bangladesh Trade Balance | Economic News & Forecasts

Bangladesh - Trade Balance

The economy is likely to have contracted in the second half of FY 2020 (July 2019–June 2020) as strict domestic containment measures in March–May curtailed business activity and suppressed private consumption. Furthermore, tepid external demand—particularly for garments and textiles—resulted in tumbling exports in the same period, with unemployment set to spike markedly. More recently, following the easing of the nationwide lockdown at the end of May, conditions appear to be ameliorating. Exports for June were only marginally lower than in the year prior as foreign demand picked up on the back of an uptick in activity in major economies. Moreover, remittances surged in the same month boding well for household spending in the first quarter of FY 2021. However, flooding as a result of heavy rains in the north of the country is causing significant damage to infrastructure and displacing millions of people.

Bangladesh - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-5.9  -5.4  -9.5  -18.2  -15.4  

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Bangladesh Trade Balance Chart

Bangladesh Trade
Note: Trade balance in USD bn.

Bangladesh Facts

Value Change Date
Exchange Rate84.890.14 %Jan 01

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