Bangladesh Import

Bangladesh Import (2004-2007)

Total imports payments against import LCs opened:

Imports payments (c & f)			Import LCs opened
	July 2005-June 2006	July 2004-June 2005	July 2005- June 2006	July 2004-June 2005
	US $ 14,746.40 m (+12.17%)	US $ 13,146.70 m (+20.58%)	US $ 15,245.35 m (+8.36%)	US $ 14,068.61 m (+13.48%)
Month	Import payments		Import LCs opened
Month	July 2006-Feb 2007^P	July 2005- Feb 2006^R	July 2006-Mar 2007^P	July 2005- Mar 2006^R
July	1351.20	1122.90	1323.61	1183.19
August	1302.10	1191.80	1454.29	1271.75
September	1322.10	1054.30	1457.14	1106.52
October	1296.20	1120.70	1433.17	1247.32
November	1546.70	1158.60	1593.10	1203.61
December	1451.90	1210.00	1572.63	1199.83
January	1524.00	1165.20	1163.75	1218.54
February	1328.70	1209.40	1204.54	1329.10
July- February	US $ 11,122.90 m (+20.47%)	US $ 9,232.90 m (+9.79%)	US $ 11,202.23 m (+14.78%)	US $ 9,759.86 m (+4.02%)
March	N.A	1337.90	1646.94	1472.59
July-March	N.A	US $ 10,570.80 m (+9.10 %)	US $ 12,849.17 (+14.39%)	US $ 11,232.45 (+3.94%)

Note : Figures in brackets percentage charges over the corresponding period of the preceding year

R = Revised P = Provisional N.A = Net Available

Import payments in February, 2007 stood lower by US$ 195.30 million or 12.81 percent to US$ 1328.70 million, against US$ 1524.00 in January, 2007. this was, however US$ 119.30 million or 9.86 percent higher than US$ 1209.40 million in February, 2006. Import payments during july-February, 2006-2007 increased by US$ 1890.10 million or 20.47 percent to US$ 1122.90 million compared to US$ 9232.90 million during July-February, 2005-2006. Of the total import payments during July-February, 2006-2007, imports under Cash and EPZ stood at US$ 10031.70 million, under Loans/Grants US$ 66.80 million, import under direct investment US$ 45.00 million and shory term loan by BPC US$ 979.40 million.

Fresh opening of import LCs in March, 2007 increased by US$ 442.40 million or 36.73 percent to US$ 1646.94 million compared to US$ 1204.54 million in February, 2007. This was also US$ 174.35 million or 11.84 percent higher than US$ 1472.59 million in the same month of the previous year. Fresh opening of import LCs during July-March,2006-2007 increased by US$ 1616.72 million or 14.39 percent to US$ 12849.17 million against US$ 11232.45 million during July-March, 2005-2006.

Latest available sector-wise comparative statement of fresh opening, settlement and outstanding of import LCs during July-March 2006-2007 and during July-March 2005-06 are shown below:

Sector-wise Comparative Statement

(of fresh opening, settlement and outstanding of import LCs)

Sectors/Commodities	July-March 2006-2007			July-March 2005-2006			Changes during July-March 2006-07 over July-March 2005-06
Sectors/Commodities	Fresh LCs opening	Settlement of LCs	Outstanding LCs at the end of the period	Fresh LCs opening	Settlement of LCs	Outstanding LCs at the end of the period	Fresh LCs opening	Settlement of LCs	Outstanding LCs at the end of the period
A. Consumer goods	1224.81	951.19	483.78	817.32	791.41	225.71	+407.49	+159.78	+258.07
B. Intermediate goods	1146.65	994.22	300.73	875.03	802.69	242.43	+271.62	+191.54	+58.30
C. Ind. Raw material	4730.92	4422.44	2236.49	4359.96	3927.07	2068.90	+370.96	+495.37	+167.58
D. Capital Machinery	1136.70	1151.96	854.72	1084.30	967.85	846.71	+52.40	+184.11	+8.01
E. Machinery for misc. industry	887.85	870.96	441.31	817.35	783.07	419.28	+70.50	+87.89	+22.04
F. Petroleun & petro. products	1794.95	1546.54	666.89	1578.52	1273.20	650.82	+216.43	+273.34	+16.06
G. Others	1927.30	1838.06	1179.05	1699.96	1488.05	1134.12	+227.34	+350.01	+44.93
Total of which back to back	12849.17 2036.45	11775.37 2041.75	6162.96 1263.12	11232.45 2057.22	10033.33 1777.84	5587.98 1260.48	+1616.73 -20.78	+1742.04 +263.91	+574.98 +2.64

The above table shows significant increase in opening of import LCs for consumer goods, industrial raw materials, intermediate goods, petroleum & petroleum products, machinery for miscellaneous industry and capital machinery during July-March, 2006-2007 compared to the same period of the preceding year.

The developments of each sector's share in total L/C opening during July-March,2006-2007 and during July-March, 2005-2006 are shown in the following pie-diagrams.

The Sector-wise detailed break-up of fresh opening, settlement and outstanding of import LCs during July-March, 2006-2007 and during July-March, 2005-2006 are given at Appendix.

Source: Bangladesh Bank and Export Promotion Bureau, Bangladesh