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Bangladesh Bank: Press Release (Import LCS Opening And Settlement During July, 2016-May, 2017 & July, 2015-May, 2016)

IM Research
By IM Research
7 years ago
Bangladesh Bank: Press Release (Import LCS Opening And Settlement During July, 2016-May, 2017 & July, 2015-May, 2016)

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  1. BANGLADESH BANK PRESS RELEASE (Import LCs opening and settlement during July, 2016-May, 2017 & July, 2015-May, 2016) The total value of import LCs opened by Authorized Dealer banks during July, 2016-May, 2017 was US$ 44118.71 million which was 13.97% higher than that of the same period of the previous year (US$ 38711.89 million). Value of LCs settled during July, 2016-May, 2017 totaled was US$ 40998.48 million which was also 11.83% higher than that of the same period of the previous year (US$ 36661.44 million). The table below shows the significant increases in LCs opening of wheat 28.14%, pulses(all sorts) 42.60%, sugar 94.86%, fresh & dry fruits 26.53%, milk food 49.12%, drugs & medicines 2.65% and decreases in rice 20.18%, onion 30.29%, edible oil 0.60% which are the major components of consumer goods. Significant increase noticed in opening of LCs in yarn, pharmacuticals raw materials, cement, Clinker & Lime Stone, Coal & Coke, Capital Machinery & Paper & Paper board which was recorded a growth of 11.87 %, 16.59% , 88.16 %, 15.57%, 40.35%, 22.22% & 5.81% respectively during the period under review. Information on LCs for major import items is furnished below to facilitate import planning of importers: Serial No. (US$ in million ) 1 2 3 4 5 6 7 8 Import Letter of Credit Commodity Opening 13 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 9 10 11 12 16 17 18 19 20 21 22 23 24 25 26 July, 2016-May, 2017 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, 2015-May, 2016 Settlement Outstanding Opening Settlement % Changes Opening Settlement 89.45 51.26 41.77 112.06 114.97 -20.18 1157.15 1004.35 342.05 903.03 924.78 +28.14 -55.42 +8.60 940.18 714.88 590.79 482.48 673.56 +94.86 +6.14 173.81 168.36 31.17 249.32 235.19 -30.29 -28.41 295.12 246.23 48.41 233.24 213.42 +26.53 +15.38 619.98 487.29 211.67 434.78 389.87 +42.60 +24.99 265.69 212.94 107.13 178.17 188.33 +49.12 +13.07 1486.42 1277.67 742.73 1495.39 1247.30 -0.60 +2.44 700.80 594.57 343.51 780.24 596.42 -10.18 -0.31 785.62 683.10 399.22 715.15 650.89 +9.85 +4.95 74.36 62.08 24.99 72.44 66.67 +2.65 -6.89 359.50 258.05 234.25 288.77 220.15 +24.49 +17.22 2671.26 2406.01 1233.23 2076.85 1933.50 +28.62 +24.44 1863.59 1620.07 806.09 1665.82 1554.89 +11.87 +4.19 6471.75 5932.45 2275.22 6261.75 5828.72 +3.35 +1.78 570.54 524.41 146.19 489.34 471.27 +16.59 +11.28 2371.00 2477.20 785.52 2553.38 2726.89 -7.14 -9.16 501.98 740.81 130.87 931.71 1158.12 -46.12 -36.03 1,869.02 1,736.38 654.65 1,621.68 1,568.78 +15.25 +10.68 2225.36 2248.34 453.18 1937.65 2249.79 +14.85 -0.06 252.70 245.60 44.28 180.05 215.92 +40.35 +13.75 13.90 14.35 9.64 7.39 5.28 +88.16 +171.75 615.14 521.85 257.87 532.26 511.12 +15.57 +2.10 344.65 327.13 201.61 338.21 333.73 +1.90 -1.98 671.74 682.21 354.39 785.12 658.40 -14.44 +3.62 343.30 305.33 135.31 324.45 292.19 +5.81 +4.50 3694.79 3444.50 1675.47 3493.44 3064.66 +5.76 +12.39 4809.92 4499.22 5911.79 3935.59 3120.00 +22.22 +44.21 4567.89 4250.14 1956.90 3800.96 3913.16 +20.18 +8.61 7,169.50 7,016.56 3,413.78 5,879.94 5,507.69 +21.93 +27.40 44,118.71 40,998.48 22,035.40 38,711.89 36,661.44 +13.97 +11.83