During the COVID-19 outbreak, the import of fresh fruit and foreign medicines into Bangladesh has increased markedly. On the flip side, imports of industrial raw materials and capital equipment has decreased during the first five months (July-November) of the 2020-21 fiscal year. Overall, imports declined by over 8.5 per cent.
Imports rose by 9.70 per cent in November 2020 with the goods and services worth USD 4.81 billion being imported. In the first five months of the current fiscal, a total of commodities worth USD 218.8 billion have been imported, compared to USD 239.9 billion of the corresponding period of the previous fiscal.
In July-November 2020, nearly LC of USD 50 million were opened for importing foreign medicines. That was USD 30 million at the corresponding period last year. In this regard, the opening of LC’s has risen by 64 per cent. And the settling of LCs increased by 34 per cent. However, in the corresponding period, the opening of LC for importing raw materials has decreased by 7.31 per cent.
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