Fashion
Jan 2026 import LC opening in Bangladesh highest in 11 months
LC openings in January 2025 stood at $6.85 billion.
The value of import letters of credit (LCs) opened in January in Bangladesh rose to $6.61 billion—the highest in 11 months—as businesses stepped up purchases ahead of the national election and the fasting month of Ramadan.
LC settlements in January this year amounted to $6.16 billion.
The surge is being attributed to a rise in import of essential commodities and a renewed sense of business confidence.
LC settlements in January this year amounted to $6.16 billion.
The surge is being attributed to a rise in import of essential commodities and a renewed sense of business confidence surrounding the February elections. Traders also brought in some capital machinery in anticipation of improved economic conditions, according to domestic media outlets.
The January spike in LC openings suggests a seasonal boost in trade activity, though sustained momentum will depend on broader improvements in investment and business confidence.
Fibre2Fashion News Desk (DS)