Bangladesh imports reaches about 43 bln USD in 10 months of current fiscal

DHAKA, June 5 (NsNewsWire) — Bangladesh’s imports surged 15.05 percent to about 43 billion U.S. dollars in the first 10 months of the current 2017-18 fiscal year ending this month, a central bank official said Monday, reports Xinhua.
The Bangladesh Bank (BB) official said the settlement of letters of credit (LCs), generally known as actual imports, stood at 42,997.91 million dollars in July-April compared to 37,373.82 million dollars in the same period a year earlier.
Import orders, officially known as fresh opening of import LCs, also increased by 51.94 percent in the first 10 months of the current fiscal year (July 2017-June 2018), he said, quoting provisional BB data.
The overall import orders increased to 60,728.02 million dollars in July-April against 39,967.79 million dollars in the same period of the last fiscal year, the BB data showed.
Bangladesh’s actual imports surged about 9 percent to 43.66 billion dollars in the last 2016-17 fiscal year (July 2016-June 2017) when China, India, Singapore, Japan and Indonesia were top five import partners of the country.  Enditem