DHAKA: Bangladesh’s imports surged about 16 percent to over 3 billion in the first month of the 2015-16 fiscal year (July 2015-June 2016).
According to statistics of the Bangladesh Bank (BB), the settlement of letters of credit (LCs), generally known as actual imports, stood at 3,437.71 million U.S. dollars in July this year compared to 2,964.69 million U.S. dollars in the same period a year earlier.
Overall import orders, however, fell by 17.62 percent in the first month of the current fiscal year, showed the BB data.
The overall import orders, officially known as fresh opening of import letters of credit (LCs), decreased to 3,011.64 million dollars in July against 3,655.65 million dollars in the same period of the last 2014-15 fiscal year (July 2014-June 2015), it showed.
