Merchandise imports from China crossed $10 billion mark in the past fiscal year (FY17), according to the latest statistics released by Bangladesh Bank last week.
It showed that the country paid some $10.19 billion to China for import products in FY17 which was 25.2 per cent of the total annual import payment.
Import from China, however, registered a moderate 5.48 per cent rise in the last fiscal year over the previous fiscal year (FY16) when payment stood at $9.66 billion against the annual Chinese import.
Meanwhile, latest statistics available with the Export Promotion Bureau (EPB), revealed that Bangladesh’s export to China in the last fiscal year stood at $949.41 million.
Thus bilateral trade deficit with China stood at $9.24 billion in FY17.
On the other hand, Bangladesh-China bilateral trade increased to $11.14 billion in the last fiscal year.
China has become the top trading partner of Bangladesh for a last few years.
