Dhaka, March 11 -- Bangladesh's trade deficit continues to decline in the 2024-25 financial year as export growth surpasses import expansion.

The deficit fell by 9 percent year-on-year to $11.75 billion in the July-January period of FY2024-25.

According to the latest Bangladesh Bank data released on Tuesday, the deficit was $12.91 billion in the same period last year, marking a decline of $1.16 billion or 8.98 percent.

Exports grew by 10 percent year-on-year to $26.37 billion in the first seven months of FY2024-25, up from $23.98 billion in the same period of the previous fiscal year.

Meanwhile, imports rose by 3.30 percent to $38.11 billion, compared with $36.96 billion a year ago.

An analysis of the data shows the trade deficit has...