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Business & Economy

Trade deficit widens 29% to $3.82bn in July-August

Bangladesh’s trade deficit widened to $3.82 billion in the first two months of FY27 as imports rose 12.1%, faster than export growth of 5.8%. Stronger remittances helped keep the current account in surplus.

From 8 October 2026 — Daily Brief

Bangladesh’s trade deficit widened 29% year on year to $3.82 billion in July-August, as import payments increased faster than export earnings, central bank data show.

Imports rose 12.1% to $12.20 billion in the first two months of fiscal year 2026-27, while exports increased 5.8% to $8.38 billion. Petroleum import costs were a major contributor, more than doubling to about $2.49 billion.

Despite the wider goods deficit, strong remittance inflows helped the current account record a $599 million surplus, compared with $197 million in the same period a year earlier.

The financial account was weaker. Its deficit widened to about $1.14 billion, while net foreign direct investment slipped to $223 million from $243 million. The overall balance-of-payments deficit consequently increased to $694 million.

The figures show the mixed nature of Bangladesh’s external position: households’ remittances are providing support, but higher import bills and weaker financial inflows are putting pressure on the balance of payments. Energy prices and the pace of export growth will remain important variables in the coming months.

Business & Economy

Mongla rally backs solar expansion and demands Sundarbans safeguards

Speakers at a Mongla rally urged faster solar expansion alongside stronger protection of the Sundarbans. Khulna’s city administrator outlined the planned 442MW Rampal solar project. Environmental campaigners welcomed it while pressing for cancellation of nearby coal and proposed LNG projects, keeping ecological safeguards central to the debate.

Business & Economy

Oil climbs as Middle East supply fears intensify

Oil rose as traders weighed threats to Middle Eastern supplies and shipping. Brent exceeded $114 a barrel during 23 October trading, with further gains later in the session. Analysts pointed to risks from a wider conflict and uncertainty over how quickly disrupted transport routes could recover.

Business & Economy

Gold falls another Tk2,158 per bhori as BAJUS cuts prices again

BAJUS cut the VAT-inclusive price of 22-carat gold by another Tk2,158 per bhori to Tk224,182, effective from 10am on 23 October. The reduction follows the previous day’s cut. Silver also became cheaper, while jewellery-making charges remain dependent on the design.

Business & Economy

Tk592 crore Titas gas-well proposal set for ECNEC review

A Tk592 crore proposal for two Titas gas wells is scheduled for ECNEC consideration on 25 October, officials disclosed on 22 October. The wells could add about 30 million cubic feet of gas daily. Government and company funds would finance the project; approval and future production remain pending.

Business & Economy

Gold price falls as BAJUS cuts rates by Tk1,691

BAJUS cut the price of 22-carat gold jewellery by Tk1,691 per bhori to Tk226,340, including VAT, from 10am on 22 October. The association cited lower local pure-gold prices. Other gold categories and silver also fell. This was the second gold-price cut in nine days; one bhori equals 11.664 grammes.

Business & Economy

Bangladesh and Algeria discuss energy imports and wider industrial cooperation

Bangladesh and Algeria discussed energy imports, fertiliser supplies and textile cooperation in Algiers on 22 October. Officials said a hydrocarbon memorandum signed earlier could support government-to-government fuel trade, infrastructure and training. The talks set out areas for cooperation without announcing a quantified shipment or completed commercial supply contract.