During FY25, goods from Bangladesh were exported to 202 destinations, the minister said.
Commerce Minister Khandakar Abdul Muktadir speaks in Parliament. File photo
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Commerce Minister Khandakar Abdul Muktadir speaks in Parliament. File photo
Bangladesh’s trade deficit stood at $24.17 billion in the fiscal 2024-25, with the deficit with India alone amounting to $7.86 billion, Commerce Minister Khandaker Abdul Muktadir told parliament today (15 Nov).
“In FY25, exports amounted to $55.19 billion. In contrast, imports totalled $79.36 billion, resulting in a trade deficit of $24.17 billion,” he said, while replying to a question from treasury bench lawmaker Nilufar Chowdhury Moni.
During FY25, goods from Bangladesh were exported to 202 destinations, the minister said.
He said the readymade garment (RMG) sector accounted for 84% of the country’s export earnings.
Replying to a question from opposition Jamaat-e-Islami lawmaker Md Keramat Ali (Chapainawabganj-1), the commerce minister said Bangladesh, as a member of the South Asian Free Trade Area and the Asia-Pacific Trade Agreement, enjoys duty-free and quota-free access to the Indian market for all products except 25 items, including tobacco and alcoholic beverages.
In response to a question from Opposition Chief Whip and NCP lawmaker Nahid Islam (Dhaka-11), the minister said Bangladesh’s trade deficit with India stood at $9,246.41 million in FY26.
Replying to a question from Dinajpur-2 lawmaker Md Sadik Riaz, the minister said Bangladesh exported fruits worth $126.35 million in FY26.
In response to a question from Jamaat-e-Islami lawmaker Md Abdul Gafur (Kushtia-2), Muktadir said Bangladesh imports pharmaceutical products from 72 countries, with India topping the list as the largest source of imported medicines worth Tk1,227.40 crore in FY26.
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