Exports rise to USD35.45 bn in Sept; trade deficit widens to USD25.71 bn
Exports rise to USD35.45 bn in Sept; trade deficit widens to USD25.71 bn
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The country's exports went up by 4.82 percent in September to USD 35.45 billion, but the trade deficit grew to USD 25.71 billion, according to data released Friday by the commerce ministry.

In September, the country's exports of goods went down by 3.52 percent, to USD 32.62 billion, according to data released by the ministry in the first week of this month.

According to data that came out on Friday, imports went up by 8.66 percent to USD 61.61 billion in the month under review. In September 2021, there was a trade deficit of USD 22.47 billion. Exports went up by USD 16.96 billion between April and September 2022, bringing the total to USD 231.88 billion.

The data showed that imports went up by 38.5 percent to USD 380.34 billion and that the trade deficit grew to USD 148.46 billion from USD 76.25 billion in September 2021.

In September of this year, exports of key sectors like engineering, RMG (ready-made garments) of all textiles, plastic, cashews, and carpet all went down.

In September, engineering goods exports fell by 10.85 percent to USD 8.4 billion. In the same way, the export of all RMG textiles fell by 18 percent to USD 1 billion. The amount of plastics shipped went down by 12.2 percent, to USD 660.66 million. But during the month, exports of gems and jewellery, petroleum products, leather, pharmaceuticals, chemicals, and rice all went up. In terms of imports, the amount of oil that came in dropped by 5.38 percent, to USD 15.9 billion.

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