Bangladesh's import bills rise by 54% in 1st 5 months of this fiscal

Yarn, capital machinery and intermediate goods imports had a strong contribution to the bills, which means production lines are kicking and there has been a strong consumer demand at home. However, increasing commodity prices in the international market and rising shipping costs pushed up the import payments, according to a report in a Bangladesh newspaper.

In the first five months of FY22, capital machinery import grew by 30 per cent, import growth of intermediate goods was 70 per cent and that of yarn was 103 per cent.

Fibre2Fashion News Desk (DS)