The country’s trade in services stood at US$8.56 billion in the first eight months of the current fiscal year.
It is an around 24 per cent rise in value from $6.91 billion in the same period of the last fiscal year, according to the latest statistics of the central bank.
Tourism, transportation, information, telephone communications and financial services are major components of the service trade.
Data of trade in services is a part of the Balance of Payments (BoP) statistics.
Bangladesh Bank (BB) data showed that export earnings from services, usually presented as receipts of services and income account, stood at $2.80 billion in July-February of this fiscal year as against $ 2.40 billion in the same period of FY17.
Import payments for services, presented as debit or payments of service account, jumped by 27 per cent to $5.75 million in July-February period of the current fiscal year, which was $4.51 billion in the same period of the last fiscal year, it revealed.
The BB data found that deficit in service trade also jumped to $2.95 billion in the first eight months of the current fiscal year, which was $2.11 billion in the same period of FY17.
