Bangladesh's trade deficit in the first eight months of the current fiscal year 2013-14 (July 2013- June 2014) slid by 22.57 percent to 3.56 billion U.S. dollars compared to a year earlier due to the faster growth in exports than in imports, a central bank official said Thursday.

The official, who preferred to be unnamed, told Xinhua that Bangladesh import payment was 23,144 million U.S. dollars, up 6.24 percent, in July-February months, while earnings from exports stood at 19,583 million US dollars, 13.95 percent higher, compared to the same period last year.

According to the Bangladesh Bank (BB) data, the gap between Bangladesh's export earnings and import payments in the first eight months of the last fiscal year 2012-13 was 4,599 million U.S. dollars.

Officials said remittances from nearly 9 million Bangladeshis, living and working abroad, helped offset the impact of the trade shortfall and kept the overall balance of payments in surplus.

Bangladeshis living and working abroad remitted home 9.20 billion U.S. dollars in the first eight months of the current 2013- 14 fiscal year (July 2013-June 2014), a central bank official said earlier. Endi

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