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Bangladesh Bank: Press Release (Import LCs opening and settlement during July, 2016-June, 2017 & July, 2015-June, 2016)

IM Research
By IM Research
7 years ago
Bangladesh Bank: Press Release (Import LCs opening and settlement during July, 2016-June, 2017 & July, 2015-June, 2016)

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  1. BANGLADESH BANK PRESS RELEASE (Import LCs opening and settlement during July, 2016-June, 2017 & July, 2015-June, 2016) The total value of import LCs opened by Authorized Dealer banks during July, 2016-June, 2017 was US$ 48125.92 million which was 11.05% higher than that of the same period of the previous year (US$ 43335.33 million). Value of LCs settled during July, 2016-June, 2017 totaled was US$ 44272.76 million which was also 10.47% higher than that of the same period of the previous year (US$ 40076.20 million). The table below shows the significant increases in LCs opening of rice 140.81%, wheat 23.73%, pulses(all sorts) 33.70%, sugar 62.61%, fresh & dry fruits 26.35%, milk food 46.40%, drugs & medicines 1.32% and decreases in onion 31.97%, edible oil 2.35% 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 10.04 %, 12.02% , 59.38 %, 11.56%, 41.89%, 10.54% & 3.23% 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, 2016-June, 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-June, 2016 Settlement Outstanding Opening Settlement % Changes Opening Settlement 274.14 73.85 202.92 113.84 118.54 +140.81 -37.70 1204.43 1073.86 318.21 973.43 998.13 +23.73 +7.59 994.05 760.01 596.58 611.30 698.05 +62.61 +8.88 182.57 178.72 28.33 268.37 256.42 -31.97 -30.30 308.43 260.70 43.83 244.11 227.31 +26.35 +14.69 631.70 522.75 188.91 472.47 436.18 +33.70 +19.85 288.22 239.68 102.54 196.88 206.81 +46.40 +15.89 1535.33 1396.69 664.38 1572.21 1351.83 -2.35 +3.32 703.23 657.66 285.20 803.67 649.20 -12.50 +1.30 832.10 739.03 379.17 768.54 702.63 +8.27 +5.18 79.67 66.37 25.61 78.63 73.79 +1.32 -10.05 385.98 321.81 196.99 317.73 247.43 +21.48 +30.06 2878.48 2632.89 1166.73 2327.03 2142.10 +23.70 +22.91 2008.00 1764.40 800.17 1824.76 1702.89 +10.04 +3.61 6917.68 6362.82 2255.34 6801.43 6365.63 +1.71 -0.04 621.04 566.30 155.58 554.39 523.66 +12.02 +8.14 2897.04 2645.66 1142.07 2929.30 2903.71 -1.10 -8.89 766.98 775.35 361.33 1117.68 1180.43 -31.38 -34.32 2,130.06 1,870.31 780.74 1,811.63 1,723.28 +17.58 +8.53 2438.28 2418.71 494.64 2106.34 2402.35 +15.76 +0.68 255.73 252.80 41.82 180.23 224.31 +41.89 +12.70 17.68 14.48 13.28 11.09 5.31 +59.38 +172.83 654.90 575.30 250.24 587.03 574.71 +11.56 +0.10 384.80 366.38 202.05 391.11 370.00 -1.61 -0.98 675.25 723.14 316.71 838.11 711.38 -19.43 +1.65 374.22 332.93 137.97 362.50 328.62 +3.23 +1.31 3974.06 3721.43 1688.23 3835.44 3351.00 +3.61 +11.05 5308.15 4854.62 6055.44 4802.08 3533.53 +10.54 +37.39 4949.95 4616.96 1937.12 4254.95 4304.76 +16.33 +7.25 7,886.16 7,529.50 3,530.53 6,680.56 6,017.72 +18.05 +25.12 48,125.92 44,272.76 22,556.21 43,335.33 40,076.20 +11.05 +10.47
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