Imports from the US have more than doubled in the first four months of the year, as Bangladesh scrambles to shrink the bilateral trade deficit.

The country’s imports hit a three-year high in July this year, as the economy continued to recover from the dollar crisis that had forced authorities to scale back purchases from abroad..Importers brought in goods worth $6.2 billion in July, up 19.5 percent in the same month a year earlier

Imports of capital machinery edged up in the first six months of the fiscal year (FY) 2023-24, reversing the downturn that persisted for nearly one and half year as political uncertainty ebbs and exporters expect increased orders from western buyers.