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Bangladesh Bank - Import LCs Opening and Settlement During July-November, 2016 & July-November, 2015

IM Research
By IM Research
7 years ago
Uploaded: Bangladesh Bank - Import LCs Opening and Settlement During July-November, 2016 & July-November, 2015

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  1. BANGLADESH BANK PRESS RELEASE (Import LCs opening and settlement during July-November, 2016 & July-November, 2015) The total value of import LCs opened by Authorized Dealer banks during July-Nov, 2016 was US$ 18693.54 million which was 6.95% higher than that of the same period of the previous year (US$ 17479.53 million). Value of LCs settled during July-Nov, 2016 totaled was US$19023.34 million which was also 14.58% higher than that of the same period of the previous year (US$ 16602.30 million). The table below shows the significant increases in LCs opening of wheat 32.40%, pulses(all sorts) 67.53%, sugar 59.02%, fresh & dry fruits 22.72%, milk food 35.00%, drugs & medicines 14.02% and decreases in rice 90.70%, onion 39.00%, edible oil 12.64% which are the major components of consumer goods. Significant increase noticed in opening of LCs in yarn, pharmacuticals raw materials, cement, Clinker & Lime Stone & Paper & Paper board which was recorded a growth of 7.56 %, 19.61% , 19.22 %, 17.74% & 15.12% respectively during the period under review. Information on LCs for major import items is furnished below to facilitate import planning of importers: (US$ in million ) Serial No. Import Letter of Credit 1 2 3 4 5 6 7 8 9 10 11 12 13 Commodity Opening Rice Wheat Sugar Onion Fresh Fruits & Dry fruits Pulses (all sorts) Milk Food Edible Oil a)Edible Oil (Crude) b)Edible Oil (Refined) Drugs & Medicines Oil seeds/Rape seeds Raw Cotton & synthetic fibre Yarn( Cotton, Synthetis/ Mixed ) Textile Fabrics & Accessories for Garments 14 Pharmaceutical Raw Materials 15 Chemicals & Chemical Products 16 17 18 19 20 21 22 23 24 25 26 July-November, 2016 a) Chemical Fertilizer b) Others P.O.L. Coal & Coke Cement Clinker & Lime Stone C.I, B.P, G.P sheets & Tin plate Scrap Vessels Paper & Paper board Intermediate goods Capital Machinery Misc. Industrial Machinery Others TOTAL July-November, 2015 Settlement Outstanding Opening Settlement % Changes Opening Settlement 8.18 7.17 3.68 87.95 84.75 -90.70 607.01 470.57 395.66 458.46 476.79 +32.40 -91.54 -1.31 376.86 249.20 508.98 236.98 295.54 +59.02 -15.68 -34.55 86.90 82.28 32.75 142.46 125.72 -39.00 126.47 89.04 49.67 103.05 84.93 +22.72 +4.83 242.53 163.37 193.94 144.77 90.78 +67.53 +79.96 108.85 83.67 88.67 80.63 91.99 +35.00 -9.04 683.55 628.49 809.45 782.48 611.48 -12.64 +2.78 328.05 300.65 463.51 491.18 335.04 -33.21 -10.26 355.49 327.84 345.93 291.30 276.45 +22.04 +18.59 +18.94 40.07 29.76 24.93 35.14 25.02 +14.02 85.75 108.46 125.88 140.74 110.54 -39.07 -1.88 799.77 997.00 856.19 813.79 817.92 -1.72 +21.90 724.45 758.78 577.41 673.54 677.94 +7.56 +11.93 2863.59 2730.31 2003.80 2805.71 2524.74 +2.06 +8.14 259.09 228.87 137.80 216.62 220.97 +19.61 +3.58 1038.91 1051.36 915.84 1064.92 1037.21 -2.44 +1.36 235.88 296.70 312.21 346.07 334.19 -31.84 -11.22 803.03 754.66 603.62 718.84 703.02 +11.71 +7.35 1002.31 995.94 513.77 981.04 1091.49 +2.17 -8.75 85.82 69.18 65.00 107.01 107.18 -19.80 -35.46 5.40 6.78 8.96 4.53 4.22 +19.22 +60.78 230.40 238.23 194.27 195.69 227.29 +17.74 +4.81 154.76 148.16 222.57 139.27 158.98 +11.12 -6.80 267.41 299.06 367.82 246.29 294.69 +8.57 +1.48 162.31 128.56 148.50 141.00 129.95 +15.12 -1.07 1581.66 1408.67 1764.54 1415.59 1428.51 +11.73 -1.39 1892.64 2498.74 5199.21 1926.44 1382.03 -1.75 +80.80 2056.06 2001.75 1765.69 1666.50 1866.01 +23.38 +7.27 3,202.79 3,549.95 3,174.63 2,868.91 2,635.62 +11.64 +34.69 18,693.54 19,023.34 20,149.61 17,479.53 16,602.30 +6.95 +14.58
  2. S $ in million )