Bangladesh's imports fell 5.24 percent in the first quarter of the current fiscal year, Bangladesh Bank said in a statement yesterday.
The country imported goods and services worth $8.1 billion in July to September period this fiscal year, which was $8.55 billion in the same period last year, according to the central bank's statistics of letter of credit (LC) settlement.
The total value of import LCs opened by authorised dealer banks also declined 10.87 percent to $8.74 billion in first three months of the current fiscal year.
LC opening increased for wheat 55.26 percent and for capital machinery 9.19 percent while it decreased for rice by 87.37 percent, sugar 70.91 percent, onion 37.79 percent, milk food 25.84 percent and pulse 20.56 percent.