An Analysis on the Export Import Performance of Bangladesh

8/13/2019 An Analysis on the Export Import Performance of Bangladesh

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Proposal

On

An Analysis on the Export Import Performance of

Bangladesh

Course title: International BusinessCourse code: BUS-585

Submitted to:

Mr. Md. Gazi Munir UddinGuest Teacher

Submitted by:

Name ID

Safinaz Amin Anni 1301010707Shanu Uddin Rubel 1301010708

Ahmed Shehab Chy. 1301010743

Syed Yameen Muttaquee 1301010733

MBA Program

Submission Date: September 11, 2013

Department of Business Administration

Leading University, Sylhet.


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Executive Summary

Not the single country in the world cant fulfill their internal demand with its own production so

they need to involve in foreign trade. All country in the world exchanges their product through

import & export and fulfills their demand. On the other hand they also earn foreign money by

international trade and contribute their economy. Bangladesh also makes their economic

structure strong through import & export. This paper attempts to provide synopsis of Import

Export performance of Bangladesh. In this assignment we will also discuss about the major

commodities that are export & import by Bangladesh, products & country wise analysis,

problems & challenges faced by Bangladesh in Export & Import business and so on. In this

paper we will discuss the opportunity of import & export in Bangladesh, and what kinds of

troubles they are facing.


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Table of Content

Particular Page number

Chapter 1

1.1 Background of the study 6

1.2 Objectives 6

1.3 Scope 6

1.4 Methodology 7-8

1.5 Limitation of the Study 9

Chapter 2: An Overview about the Import & Export of

Bangladesh

2.1 Bangladesh Trade Overview 11

2.2 Bangladesh Trade History 12

2.3 Bangladesh trade Strategies 12-13

2.4 Import Restrictions 14

2.5 Import Duties 14

2.6 Issuance of Import Registration Certificate and an Exporter

having Export Registration Certificate

15-16

2.7 Future Trade Agenda 16

Chapter 3: Product & Country wise Analysis of Import &

Export

3.1 Bangladesh Exports Commodities18-19

3.2 Bangladesh Imports Commodities20-21

3.3 Total Export & Import From (2012- 2014) in Million US $ 21-22

3.4 Trend analysis of Total Import Export & Foreign Remittanceearning (2007-12)

22-23

Chapter 4: Opportunity, Problems & Challenges facing by

Bangladesh

4.1 Trade and Business Opportunities in Bangladesh 25

4.2 Challenging Issues for Bangladesh 26


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4.3 Most Problematic Factors of Bangladesh 27

Chapter 5: Conclusion & Recommendations

5.1 Conclusion 29

5.2 Recommendations 30

References 31

Appendix-1 32-33

Appendix-2 34-35

Apendix-3 36-39

Apendix-4 39-47

Questionnaires 48


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Chapter-1


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An Analysis into the Export Import Performance of Bangladesh

1.1 Background of the study

Bangladesh is widely recognized as one of the most climate vulnerable countries in the world.For Bangladesh, climate change is a serious long term threat for sustainable development. The

Bangladesh economy has experience both macroeconomic stability and robust economic growth

following the transition to a democratic rule in the early of 1990s. With continued economic

growth Bangladesh Economy has established itself on solid foundation. Despite global economic

recession during 2008-2009, Bangladesh is managing its economy remarkably well and

maintaining its growth momentum. Not the single country in the world cant fulfill their internal

demand with its own production so they need to involve in foreign trade. All country in the

world exchanges their product through import & export and fulfills their demand. This paper

attempts to provide synopsis of Import Export performance of Bangladesh.

1.2 Objectives

Broad Objective: An analysis on the export import performance of Bangladesh.

Specific Objective:

Identify major commodities that are Export & Import by Bangladesh. Products & Country wise Analysis of Import & Export. Find out problems & challenges faced by Bangladesh in Export & Import business. Trade and business opportunities in Bangladesh

1.3 ScopeThe main focuses of this assignment is to find out the performance of Export and Import of

Bangladesh and the boundary of this report is how Bangladesh is doing Import & Export within

SAARC countries. This paper requiring us to identify present major Export & Import

commodities & trade policies of Bangladesh.


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1.4 Methodology

Sources of information

We have collected our information from two sources. They are

Primary Sources

Employees of Export & Import promotion bureau. Stakeholders.

Secondary Sources

Statistical report & statement of Import & Export. Web site of the organization

Study Approach

Focus group Discussion

Study tools

Questionnaire

Open end

Mechanical

Computer Photocopier Stapler Punching Machine Pencil, Paper, Pen Modem Pen drive


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Sampling plan

Sample Unit:

Import Promotion Bureau of Sylhet Export promotion bureau of Sylhet, Stake holders relevant to Export & Import. Office of the Chief Controller of Imports & Exports.Sample Size: Thus our report is based on Import & Export performance of Bangladesh, so

we only have the opportunity to get information from Import & Export Bureau of Sylhet,

Bangladesh. We have tried our level best to get all the information needed for this report.

Mainly, we have collected data from exporters, middleman and organizations in Sylhet city.

Sample Unit City/Location Number of Sample

Employee of Export PromotionBureau

Export Promotion Bureau,Shuvhanigat, Sylhet.

3

Employee of Import promotionBureau

Import Promotion Bureau,Sibgang, Sylhet.

4

Number of exporters Sylhet, Bangladesh. 2

Number of Importers Sylhet, Bangladesh. 1

Total sample Size = 10

Sample Procedure:For our analysis we have used random sampling for collecting data forthe study.

Contract Methods: Our contract methods associated with

Face to face conversation Telecommunication


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1.5 Limitation of the Study

Though a very comprehensive and a well organized report has been tried to be produced but

there are still some limitations present here.

1. Employee of both Import & Export bureau doesnt maintain the entire document in paperform; they maintain data of Sylhet division rather than Bangladesh. Provided information

was insufficient for this report, thats why they gave us some web-site info so that we can

collect the whole information of overall Import & Export info of Bangladesh.

2. For above reason we could not collect sufficient primary data as we planed andunwillingly to complete this report we had to use the available source of secondary data

suggested by the Bureau.

3. There is a lack of available update data regarding the assignment topic in Internet.


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2.1 Bangladesh Trade Overview

Bangladesh economic growth over the last half decade is more than 6 percentages and fastest

real trade growth country rank 13th out of 152 countries (WTI 2008) is emerging economy in

South Asia. The real export growth is more than 9 percent higher than all other south Asian

countries except India (WTI 2008). Bangladesh export share to GDP was 10 percent in 2004

which was the lower than India, Pakistan, Sri Lanka, even Cambodia just higher than some least

developed Countries in Africa. The export share to GDP has been increasing over the year but

not very significant. The export share to GDP in 2007 is 17 percent (Export Promotion Bureau

2008). However, Bangladesh launched comprehensive trade reforms in the early 1990s that

included substantial reduction of tariffs, removal of quantitative restrictions, and moves from

multiple to a unified exchange rate and from a fixed to freely floating exchange rate system to

increase its export performance. Nonetheless, the economy is still saddled with one of the least

liberal trade policy regimes in the world, reflected in its rank near the bottom (140th out of 152

countries) on the latest Trade (MFN) Tariff Restrictiveness Index (TTRI) (WTI 2008). The MFN

applied simple tariff average of 14.14 percent in 2007 is lower than its late 1990s average of 21.8

percent and similar to the regional mean, which however is lower compared to India. The

garments export industry is allowed duty free import of raw materials. The maximum tariff rate

has declined from a high of 300 percent in the late 1990s to just 25 percent in 2007 (WTI 2008).

The country has liberalized its banking and telecommunication sectors. Although, Bangladeshdid not make any commitment in financial sector under GATS but the rate of liberalization in the

financial sector has been quite rapid. This is a sector where Bangladesh has limited export but

very crucial for countrys economic development. However, the low overall GATS commitment

suggests ample room for greater future multilateral commitments to services liberalization.


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2.2 Bangladesh Trade History

Bangladesh is a poor country featuring negative trade balance since its independence in 1971.

The countrys economy experienced vast improvement in the 1990s. However, foreign trade in

South Asian region still is an area of concern.

The value of imports doubled between 1971 and 1991 as compared to the value of exports. The

trade deficit has declined considerably owing to an increase in exports since 1991. A closer look

at the trade statistics of the country reveals that in 1989-90, imports exceeded exports by 120%.

This percentage came down to 56% in 1996 and 62% in 1997. The economy of Bangladesh was

once riding on jute, its major produce. In the late 1940s, its share of the world jute export market

was 80%, which came down to 70% in the 1970s. Unfortunately, the trend of polypropylene

products across the globe led to a setback for the jute industry of Bangladesh.

2.3 Bangladesh trade Strategies

The government has taken following strategies to boost export:

Simplification of export procedures and strengthening export-led co-operation through

reducing regulatory role of the government;

Rationalization of the value of Taka to make the export trade more attractive;

Creation of an Export Promotion Fund (EPF) for strengthening the export activities;

Encouraging establishment of backward linkage industries through utilization of locally

available raw materials;

Participation in international trade fairs, single country exhibitions and specialized fairs and

sending business delegations abroad for expansion and consolidation of existing markets and

creation of new markets;

Expediting BMRE of existing wet-blue producing tanneries and converting them into finished

leather producing and exporting units;


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Accelerating expansion of improved traditional and semi-intensive methods of shrimp

cultivation for enhancing export off

Allowing import of high quality foundation-tea for blending and establishing the brand name of

Bangladesh tea through marketing;

Taking measures to improve quality, increase production and expand market of exportable

agricultural products;

Undertaking activities for increasing export of computer software, engineering consultancy and

services;

Expediting steps for export of labor intensive electronic and engineering products keeping inview the market requirements in the USA and other developed countries;

Promoting export of electronic components and engineering items to various countries;

Providing appropriate financing facilities for production of components of electronic and

engineering items for marketing on consignment basis;

Expanding the list of products under crash programmed beyond 4 products (toys, luggage and

fashion items electronic and leather goods) and including 8 more items such as diamond cutting

and polishing, jewelries making, stationery articles, silk, gift items, cut artificial flower & orchid,

vegetables, engineering consultancy & services for export;

Organizing commodity-wise trade fairs of international standard in the country;

Developing and expanding infrastructural facilities for export trade; and

Creating product-development councils for important products.


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2.4 Import Restrictions

The government has moved to reduce the number of items on its list of banned imports and has

eliminated the need for import licenses. However, some products are still banned from

importation, including certain maps, obscene materials, socially or religiously offensive items,

all types of wastes, and substandard or rejected goods, as well as all imports from South Africa

or Israel.

All commercial importers are issued pass books in which their import authorizations are

validated. The issuance of a pass book is a formality for items not on the controlled or restricted

lists. Pass books are valid for 12 months.

2.5 Import Duties

Despite some recent reductions, tariffs in Bangladesh remain high, averaging over 50 percent. At

the recommendation of the World Bank, Bangladesh has placed a 100 percent tariff ceiling on

most goods, with the intention of bringing the ceiling down to 60 percent. A value-added tax

(VAT) of 10 to 20 percent and additional fees, typically adding up to 15 percent of the cost and

freight value, are also applied to imports.

Duties are reduced to 2.5 percent for installation of imported machinery in less developed areas.

Duties are also reduced to 2.5 percent for capital machinery and factories which use 70 percent

or more indigenous materials and for imported machinery for export-oriented industries.

Exemptions from duties and the import sales tax are available for a variety of goods.


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2.6 Issuance of Import Registration Certificate and an Exporter having

Export Registration Certificate

Now an importer having Import Registration Certificate (IRC) and an Exporter having Export

Registration Certificate (ERC) can Import & Export any permissible item without any value andquantity restrictions and without obtaining any permission from any authority.

Procedure for issuance of Import Registration Certificate and Export Registration Certificate has

been simplified. It requires only the following documents:

(i) Trade License;(ii) Membership Certificate from recognized Chamber/Trade Association;(iii) Tax Identification Number;(iv) Bank Certificate;(v) Memorandum and Articles of Association and Certificate of Incorporation (in case of

Limited Company).

On submission of the above documents, we issue IRC/ERC within three hours, i.e. within the

same day.

The importers have been classified into 6 (six) categories on the basis of their value ceiling of

overall annual import. The initial category wise registration fees and annual renewal fees are

as under:

Category Value Ceiling of annual

import

Initial

Registration fees

Annual renewal

fees

First Tk. 5,00,000 Tk. 5,000 Tk. 3,000

Second Tk. 25,00,000 Tk. 10,000 Tk. 6,000

Third Tk. 50,00,000 Tk. 18,000 Tk. 10,000

Fourth Tk. 1,00,00,000 Tk. 30,000 Tk. 15,000

Fifth Tk. 5,00,00,000 Tk. 45,000 Tk. 22,000

Sixth Above Tk. 5,00,00,000 Tk. 60,000 Tk. 30,000

Source: Office of the Chief Controller of Imports & Exports


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Exporters shall pay registration and renewal fees at the following rates:-

Source:Office of the Chief Controller of Imports & Exports

The registration Form of IRC & ERC is given in the Appendix 1& Appendix 2.

2.7 Future Trade Agenda

Future trade liberalization program needs to focus on (a) reduction in the dispersion and average

level of protection, (b) promotion of services export, (c) reduction of the reliance on limited

number of goods through diversification of exports, (d) promotion of more efficient handling of

custom and border procedures, and (e) a more efficient duty drawback system.

Initial registration fees Renewal fees

Exporter Tk. 7,000.00 Tk. 5,000.00

Indentor TK. 40,000.00 Tk. 20,000.00


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Chapter-3

Product & Country wise

Analysis of Import & Export


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3.1 Bangladesh Exports Commodities

Here are the major export commodities of Bangladesh:

Garments Frozen fish and seafood Raw Jute Jute goods Leather Knitwear Leather Chemical products Tea

SAARC Country-wise export of commodities from Bangladesh

During the period July-June, 2011-2012 (Value in 000 US $)

Countries

Frozen

Food

Agri-

Products

Tea Chemical

Products Leather Raw Jute Jute Goods Knitwear

Woven

Garments

Others July-June

2011-2012

J

2

ghanistan 3181 164 10 239 3594 3utan 3570 243 2 313 5003 9131 3

dia 54541 78496 16764 4777 70223 105304 12823 42201 105290 490419 5

aldives 13 995 99 20 1 655 1783 9

pal 3574 1422 13915 370 90 22207 41578 1

kistan 40 6790 2292 1456 40 54408 1245 396 2010 4535 73212 8

Lanka 35 1210 5353 171 1732 8252 13544 12288 42585 3Source:Office of the Chief Controller of Imports & Exports

From the above table we can see that the Export share in SAARC countries is not significant.The top two export partners of Bangladesh are India & Pakistan. And Bangladesh Export lowest

commodity in Maldives & Afghanistan.


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SAARC Country wise Total Export Payments of Bangladesh

0

500000

1000000

20112012( "000" $) 20122013( "000" $)

20112012( "000" $) 354 131 13 415 3212 4255 4041

20122013( "000" $) 353 11 1533 240 01 235 530

Source:Office of the Chief Controller of Imports & Exports

Major country -wise export of Bangladesh (Amount in Millions):

Countries April-June,

2013

January-March,

2013

April-June, 2012

U.S.A 1008 979 969

Germany 830 814 756

UK 563 504 492

Turkey 488 362 118

France 323 332 289

India 275 269 149

Spain 254 232 208

Italy 215 213 189

Canada 234 209 182

Netherlands 144 132 132

Belgium 124 128 124

Japan 124 104 85

U.A.E 98 109 43

Other Countries 775 723 1013Source: Bangladesh Bank website

In the above table we have given the highlight of major country wise export of Bangladesh. In

the Apendix-3we have provided the commodity wise export of Bangladesh.


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3.2 Bangladesh Imports Commodities

Here are the major import commodities of Bangladesh:

Machinery and equipment Chemicals Iron and steel Textiles Foodstuffs Petroleum products Cement Pharmaceutical product Electronic products

SAARC Country wise Total Import Payments of Bangladesh

0

5000

20112012( $) 20122013( $)

20112012( $) 22.1 20. 1.1 2.2 51.2 32.4 455

20122013( $) 2.3 24. 0. 35. 4. 3. 4.

Source: Bangladesh Bank website


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that an economic measure of a negative balance of trade in which a country's imports exceeds its

exports is known as trade deficit. This indicates that Bangladesh performing trade deficit. This

represents an outflow of domestic currency to foreign markets.

In the following table shows statement of total Import expenditure & Export Income & deficit

from year 2011-2014.

Statement of Total Import Expenditure & Export Income & Deficits form the FY (July):

(2011-2012 & 2012-2013 & 2013-2014)

Serial

No.

Year Import

Expenditure

% change of

Import

Expenditure from

previous year

Export

Income

%

change of

Export

income

from

previousyear

Deficits

( Export

Income

Import

Expenditure)

1 2011-2012 34814.55 (+) 8.95 24301.90 (+) 6.01 (-) 10512.70

2 2012-2013 32356.76 (-) 7.06 27027.36 (-) 11.18 (-) 5329.40

3 2013-2014 3239.53 -- 3028.29 -- (-) 215.28

Source: Foreign Exchange policy department, Bangladesh Bank & EPB

3.4 Trend analysis of Total Import Export & Foreign Remittance earning

(2007-12)

$0

$10

$20

$30

$40

( ) $14 $15.5 $1.0 $22.3 24.3

( ) $25.20 22 $24 $32 35.2

(

)

$.0 $. $11 $11.5 12.5

200200 200200 2002010 20102011 20112012

Source: http://en.wikipedia.org/wiki/Economy_of_Bangladesh


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From the trend analysis we can see that from 2007 to 2012 the total Export is gradually

increasing but total Import is increasing more dramatically than Export. And we also see

several up & downs in case of Foreign Renitence performance from 2007-2012 Fiscal year.


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Chapter-4

Opportunity, Problems &

Challenges facing by

Bangladesh


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4.1 Trade and Business Opportunities in Bangladesh

Industrial Policy has announced a large number of incentives to encourage Investment, some of

these are:

Tax Holidays for developed and underdeveloped areas. In order to provide infrastructural facilities Economic Zones will be set up. Non- Residents Bangladeshis will enjoy special benefits in investing in Capital Markets

and maintaining Foreign Currency deposits.

Exemption of Double Tax on royalties, technical know-how fees. Tax exemption on income of the private sector power generation company who will

begin production before June, 2012 for 15 years. Incentives will also be provided to theprivate sector power generation companies (IPP, ISP) according to the private sector

power generation policy of Bangladesh.

Special facilities and venture capital support will be provided to E-O industries underThrust sector.

Government has announced 32 Thrust Sectors for which special incentives will be madeavailable

Special incentive will be announced for using Biomass, Solar and Windmill based power Special provision will be taken to reserve quota for Women Entrepreneur in the existing

EPZ

Establishment of SEZ, Industrial Park, High Tech Parks and Private Economic Zone can be set up by local or foreign entrepreneur, organization or institution

on a PPP basis

Special Tax holiday and Financial assistance and Incentives will be provided for theeconomic zone

Implementation of One District One Product (ODOP) policy will be taken into account insetting up industrial parks


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4.2 Challenging Issues for Bangladesh

The past decades boom in exports particularly the apparel sector is very significant to

countrys economic growth, but the recent GDP growth has not led to significantimprovements

in the living standards of most people and the social factors are still challenging. Despite

impressive economic growth and some reforms over the two decades Bangladeshs business

environment is still challenging. The key issues are:

Poor quality infrastructure particularly road networks and electricity supply. A big portion of export income come from garment sector but nowadays, which become

very risky & inefficient due to some major incidents happened such as Rana Plaza

incident, and Bangladesh has lost the GSP facility & still struggling to get it back.

The economy is not diversified and is highly dependent on the agricultural sector;services and apparel only make up a small percentage of the economy.

High cost of finance and limited access to long term finance options.

Largely unskilled labor force, limited spending on education has led to a decline inattendance and in the quality of education.

Political instability and safety risks, political, ethnic threaten to undermine stability.

Slow pace of reform due to government bureaucracy and lack of alignment of policies atthe various levels of government.

High levels of corruption, even within the judiciary, undermine investor confidence.


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4.3 Most Problematic Factors of Bangladesh

0 5 10 15 20 25

Source:the Global Competitiveness Report (20132014).The chart shows the category of most problematic factor for doing business in Bangladesh according to

Global Competitiveness Report 2008-2009. Report shows that the major factor that create problem in

doing business in Bangladesh is Corruption. People also face problem in case of government bureaucracy,

policy instability, government instability, Inflation, Tax regulation etc. If Government can able to remove

those problems Bangladesh will become an ideal place for investment.


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Chapter-5

Conclusion

&Recommendations


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5.1 Conclusion

From the study we have got a clear picture of the situation of the Import and Export performance

of Bangladesh. Throughout the study we focused specially on the Import & Export performance

of Bangladesh in perspective of SAARC countries. By making this assignment we find that the

share of Bangladesh trade is very low rather than the rest of the world market & Bangladesh

performing trade deficit. This represents an outflow of domestic currency to foreign markets. We

also find that among the South Asian country Bangladesh Import & Export significantly with

India & Pakistan. So Bangladesh should try to trade with other countries in South Asian region

in equal manner.

In this assignment we also tried our best to collect some information about the problematic factor

of Bangladesh. In the end of our study we have some recommendations which might be very

useful for improvement of the current position.


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5.2 Recommendations

After analyzing this assignment we would like to suggest regarding problem we analyzed in

early chapter.

o The government should provide supportive conditions that would facilitate the expansionand diversification of exports.

o The government should continue to support the growth of domestic demand and private-sector led investment through a reduction in government activity, which crowds out

private investment.

o The environment of garments industry should be improved. Government intervention canhelp in this matter and that will increase awareness regarding safe working place for labor

in the mind of company owners.

o Bangladesh government as well as the RMG owners should take favorable steps andfollow the instruction to get back GSP facility.

o It becomes a tradition that Bangladesh every year face an outflow of domestic currency toforeign markets, means trade deficit. So Bangladesh should change this trend by either

increasing the export or decreasing the import.

o Significantly higher FDI inflows would be needed to support a higher growthenvironment in Bangladesh to compensate for domestic resource constraints and to

enable Bangladesh to benefit from associated knowledge and technological spillover

effects.

o Improving governance is crucial in every sector and to achieve for that requires a clearlong-term vision as well as pragmatism in exploiting opportunities to strengthen the

overall framework o f public accountability.


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References

Gather Information from Export Promotion Bureau (EPB).

Collect Information from Import Promotion Bureau (IPB). (C C I & E) Office of the Chief Controller of Imports & Exports

http://www.ccie.gov.bd/

Ministry of Commercehttp://www.mincom.gov.bd/reg_bil_trade.php

Bangladesh Bank websitehttp://www.bangladesh-bank.org/econdata/index.php

World Economic Forumhttp://www3.weforum.org/docs/GCR2013-14/Bangladesh.pdf

Dhaka Chamber of Commerce & Industry (DCCI)http://www.datacraftbd.com/dcci/index.php/home/Major_Export_Items

Wikipediahttp://en.wikipedia.org/wiki/Economy_of_Bangladesh


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Appendix-1

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cwZvbi gvwjKi/eevcbv Askx`vii/eevcbvcwiPvjKi

mZvwqZ dUv|


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Askx`vix `wjji mZvwqZ Kwc; (O) wjwgUW Kvvbxi mvwUwdKU Ae BbKcvikb, ggvivvgG AvwUKj&m Ae Avmvwmqkbi mZvwqZ Kwc; (P) weMZ ermii AvqKi cwikvai cgvbc (chvR); (Q) aygv evsjv`kx Ave`bKvixì Rb IqvW Kwgkbvi / cimfv ev BDwbqb cwilìPqvigvb KZK BmyKZ bvMwiKZmb`c; Ges (R) cwZvbi Avw_K ^QjZv mwKZ gbvbxZ evsKc` cZvqbc| ....


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Appendix-2

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2| (K) cwZvbi wVKvbv t

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9| evsjv`k miKvii ev ivvqZmsvi Askx`vwiZ AvQ wKbv, _vwKj Dnvi kZKiv nvi KZ t

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35

Avwg GB gg NvlYv KwiZwQ h, Dci ewYZ Z_vw` mwVK Ges Avgvi/ GB mU Ae WvBii Gi

bvg Avi Kvb ivwb wbeb mb`c bvB|

^viKvixi bvg t (Ave`bKvixi vi)

I cèx t ZvwiL t

è t ìLvi mwnZ h mKj KvMRc /`wjjvw` `vwLj KwiZ nBe mBwji weeiY t(K) UW jvBmi mZvwqZ dUvKwc t

(L) ^xKZ P^vi / Avmvwmqkb nBZ ea gvikxc mvwUwdKUi mZvwqZ dUvKwc t

(M) Dci 10 bî Kjvg DjwLZ URvix Pvjvbi g~j Kwc t

(N) Askx`vix cwZvbi iwRvW Askx`vix `wjji mZvwqZ Kwc t

(O) wjwgUW Kvvbxi mvwUwdKU Ae BbKcvikb, ggvivvg G

AvwUKj Ae Avmvwmqkbi mZvwqZ dUvKwc t


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37

1. Readymade garments 24546 315 17357 220 5209 64

2. Fish, Shrimps and prawns 36 0 0 0 0 0

3. Home Textile & Terry Towel 104 1 25 0 32 0

4. Jute Manufactures 11818 152 9712 123 3807 47

5. Raw Jute 73 1 0 0 38 0

6. Leather and leather manufactures 178 2 119 2 34 07. Handicrafts 6 0 5 0 0 0

8. Others 1213 17 1412 17 532 7

France 25134 323 26234 332 23643 289

(4.9) (4.9) (5.4) (5.4) (5.1) (5.1)





5. Raw Jute 1 0 0 0 10 0

6. Leather and leather manufactures 410 5 348 4 487 6

7. Handicrafts 0 0 4 0 2 08. Others 328 5 465 6 246 4

India 21396 275 21283 269 12152 149

(4.2) (4.2) (4.4) (4.4) (2.6) (2.6)





5. Raw Jute 3344 43 3447 44 1734 21


7. Others 8110 104 8384 105 5507 68

Spain 19742 254 18347 232 16977 208

(3.9) (3.9) (3.8) (3.8) (3.7) (3.7)






6. Handicrafts 1 0 1 0 3 0

7. Others 241 4 248 3 244 3

Italy 16735 215 16858 213 15435 189

(3.3) (3.3) (3.5) (3.5) (3.3) (3.3)1. Readymade garments 14433 185 14953 189 13744 168






7. Others 571 7 427 6 342 5


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Canada 18213 234 16510 209 14871 182

(3.6) (3.6) (3.4) (3.4) (3.2) (3.2)




4. Jute Manufactures 41 1 31 0 26 05. Leather and leather manufactures 42 1 20 0 8 0


7. Others 230 2 135 3 149 2

Netherlands 11237 144 10456 132 10821 132

(2.2) (2.2) (2.2) (2.2) (2.3) (2.3)





5. Raw Jute 6 0 4 0 2 0

6. Leather and leather manufactures 46 1 91 1 65 17. Handicrafts 2 0 15 0 4 0

8. Others 195 2 158 3 199 2

Belgium 9631 124 10141 128 10140 124

(1.9) (1.9) (2.1) (2.1) (2.2) (2.2)





5. Raw Jute 16 0 9 0 5 0



8. Others 474 7 477 6 276 4

Japan 9628 124 8255 104 6919 85

(1.9) (1.9) (1.7) (1.7) (1.5) (1.5)





5. Raw Jute 2 0 0 0 5 0


7. Handicrafts 2 0 5 0 3 08. Others 672 9 218 3 230 3

U.A.E. 7639 98 8638 109 3506 43

(1.5) (1.5) (1.8) (1.8) (0.8) (0.8)






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5. Raw Jute 79 1 42 1 5 0


7. Others 2139 27 3482 43 1179 14

Other Countries 60531

(28.4)775

(28.4)57075

(28)723

(28)83057

(34.1)1013

(34.1)

A. Sub-total 424798 5455 403985 5110 388578 4748B. Exports of EPZ 83864 1077 77715 983 75418 921

Grand total : (A+B) 508662 6532 481700 6093 463996 5669Source: Bangladesh Bank website

Appendix -4

Major top ten country/commodity-wise imports (Quarterly data)

(Amount in Millions)Country/Commodity

Group

April-June, 2013 January-March, 2013

Amount % of

country

total

Amount % of

country

total

Taka USDollar

Taka USDollar

A. Imports under Cash (c

& f)571686 7336.9 602863 7624.6

(100.0) (100.0)

China, P.R. 125680 1612.9 100.0 125179 1582.8 100.0

(22.0) (20.8)

1. Edible vegetables and

certain roots and tubers

484 6.2 0.4 284 3.6 0.2

2. Edible fruit and nuts, peelof citrus fruit or melons

428 5.5 0.3 1022 12.9 0.8

3. Coffee, tea, mate andspices

855 11.0 0.7 609 7.7 0.5

4. Inorganic chemicals,organic or inorganiccompounds of preciousmetals of rare-earth metals,of radioactive elements or ofisotopes

2618 33.6 2.1 2190 27.7 1.7

5. Organic chemicals 2710 34.8 2.2 2274 28.8 1.86. Fertilizer 161 2.1 0.1 6142 77.4 4.9

7. Tanning or dyeingextracts tannins and theirderivatives, dyes, pigments,and other colouring matters,paints and varnishes, putty

1861 23.9 1.5 1685 21.3 1.3


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and other mastics, inks

8. Cotton,(all types) cottonyarn/thread and cottonfabrics

30278 388.6 24.1 29572 374.0 23.6

9. Man-made filaments;

strip and the like of manmadetextile materials

4771 61.2 3.8 4915 62.2 3.9

10. Man-made staple fibres 8555 109.8 6.8 7899 99.9 6.3

11. Special woven fabrics,tufted textile fabrics, lace,tapestries, trimmings,embroidery

2196 28.2 1.7 2420 30.6 1.9

12. Knitted or crochetedfabrics

7342 94.2 5.8 8981 113.6 7.2

13. Articles of apparel andclothing accessories, not

knitted or crocheted

2936 37.7 2.3 2568 32.5 2.1

14. Iron and steel 2912 37.4 2.3 2568 32.5 2.1

15. Articles of iron or steel 1098 14.1 0.9 1719 21.7 1.4

16. Nuclearreactors,Boilers, Machineryand mechanical appliances,parts thereof

17195 220.7 13.7 17549 221.8 14.0

17. Electrical machineryand equipment and partsthereof, sound recorders andreproducers, television image

and sound recorders andreproducers and parts andaccessories of such articles

14502 186.2 11.5 12489 158.0 10.0

18. Vehicles other thanrailway or tramway, rollingstock and parts andaccessories thereof

1245 16.0 1.0 1326 16.8 1.1

19. Others 23533 301.7 18.8 18967 239.8 15.2

India 97449 1250.5 100.0 95628 1209.5 100.0

(17.0) (15.9)

1. Edible vegetables and

certain roots and tubers

2051 26.3 2.1 2325 29.4 2.4

2. Edible fruit and nuts, peelof citrus fruit or melons

715 9.2 0.7 1088 13.8 1.1

3. Coffee, tea, mate andspices

2044 26.2 2.1 1080 13.7 1.1

4. Cereals 10967 140.8 11.3 8081 102.2 8.5

5. Residues and waste from 6664 85.5 6.8 5080 64.3 5.3


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22. Electrical machineryand equipment and partsthereof, sound recorders andreproducers, television imageand sound recorders and

reproducers and parts andaccessories of such articles

1848 23.7 1.9 1286 16.2 1.3

23. Vehicles other thanrailway or tramway, rollingstock and parts andaccessories thereof

6561 84.2 6.7 5801 73.4 6.1

24. Others 12776 164.0 13.2 12803 161.8 13.5

Singapore 24783 318.1 100.0 22965 290.5 100.0

(4.3) (3.8)

1. Animal or vegetable fatsand oils and their cleavage

products, prepared ediblefats, animal or vegetable wax

39 0.5 0.2 1014 12.7 4.4

2. Sugar and sugarconfectionery

2 0.0 0.0 3 0.0 0.0

3. Mineral fuel, mineral oilsand product of theirdistillation, bituminoussubstances

16278 208.9 65.7 12842 162.5 55.9

4. Organic chemicals 613 7.9 2.5 473 6.0 2.1

5. Tanning or dyeingextracts tannins and their

derivatives, dyes, pigments,and other colouring matters,paints and varnishes, puttyand other mastics, inks

451 5.8 1.8 314 4.0 1.4

6. Misc. chemical products 573 7.4 2.3 530 6.7 2.3

7. Plastics and articlesthereof

972 12.5 3.9 925 11.7 4.0


187 2.4 0.8 675 8.5 2.9

9. Nuclear reactors, Boilers,

Machinery and mechanicalappliances, parts thereof

1918 24.6 7.7 2198 27.8 9.6

10. Electrical machineryand equipment and partsthereof, sound recorders andreproducers, television imageand sound recorders andreproducers and parts and

634 8.1 2.6 635 8.0 2.8


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yarn/thread and cottonfabrics

7. Man-made filaments;strip and the like of manmadetextile materials

337 4.3 1.5 317 4.0 1.1

8. Man-made staple fibres 332 4.3 1.5 256 3.2 0.99. Knitted or crocheted

fabrics139 1.8 0.6 136 1.7 0.5

10. Iron and steel 4776 61.3 21.8 7986 100.9 28.2

11. Articles of iron or steel 106 1.4 0.5 90 1.1 0.3

12. Copper and articlesthereof

0 0.0 0.0 232 2.9 0.8

13. Zinc and articles thereof 1276 16.4 5.8 1087 13.7 3.8

14. Nuclearreactors,Boilers, Machineryand mechanical appliances,

parts thereof

1498 19.2 6.8 1073 13.6 3.8

15. Electrical machineryand equipment and partsthereof, sound recorders andreproducers, television imageand sound recorders andreproducers and parts andaccessories of such articles

677 8.7 3.1 371 4.7 1.3

16. Others 6668 85.4 30.7 10188 129.0 36.0

Malaysia 20153 258.7 100.0 33056 417.1 100.0

(3.5) (5.5)

1. Animal or vegetable fatsand oils and their cleavageproducts, prepared ediblefats, animal or vegetable wax

4665 59.9 23.1 6703 84.7 20.3

2. Salt, Sulphur, earth andstone, plastering materials,lime and cement

218 2.8 1.1 191 2.4 0.6

3. Mineral fuel, mineral oilsand product of theirdistillation, bituminoussubstances

6313 81.0 31.3 18619 234.7 56.3

4. Organic chemicals 445 5.7 2.2 543 6.9 1.65. Misc. chemical products 553 7.1 2.7 432 5.5 1.3


1153 14.8 5.7 1315 16.6 4.0

7. Rubber and articlesthereof

396 5.1 2.0 313 4.0 0.9

8. Cotton,(all types) cotton 357 4.6 1.8 394 5.0 1.2


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8. Man-made filaments;strip and the like of manmade textile materials

171 2.2 0.9 114 1.4 0.5


10. Iron and steel 92 1.2 0.5 100 1.3 0.4

11. Others 4097 52.5 20.2 3936 49.9 17.7Canada 15978 205.1 100.0 9171 116.0 100.0

(2.8) (1.5)

1. Edible vegetables andcertain roots and tubers

5358 68.8 33.5 1641 20.8 17.9

2. Cereals 5280 67.8 33.0 2259 28.6 24.6

3. Iron and steel 4575 58.7 28.6 2636 33.4 28.7

4. Others 765 9.8 4.9 2635 33.2 28.8

Brazil 14043 180.1 100.0 20729 261.9 100.0

(2.5) (3.4)

1. Animal or vegetable fats

and oils and their cleavageproducts, prepared ediblefats, animal or vegetable wax

1841 23.6 13.1 4766 60.1 23.0

2. Sugar and sugarconfectionery

10724 137.5 76.4 13729 173.6 66.2



72 0.9 0.5 234 3.0 1.1

5. Others 834 10.8 5.9 1735 21.9 8.4

Taiwan 13252 170.1 100.0 12609 159.5 100.0

(2.3) (2.1)1. Mineral fuel, mineral oils

and product of theirdistillation, bituminoussubstances

318 4.1 2.4 233 2.9 1.8

2. Organic chemicals 190 2.4 1.4 291 3.7 2.3

3. Tanning or dyeingextracts tannins and theirderivatives, dyes, pigments,and other colouring matters,paints and varnishes, puttyand other mastics, inks

512 6.6 3.9 556 7.0 4.4


3241 41.6 24.5 2997 37.9 23.8

5. Paper and paper board,articles of paper, pulp ofpaper or of paper board

518 6.6 3.9 410 5.2 3.3

6. Cotton,(all types) cotton 617 7.9 4.7 658 8.3 5.2


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yarn/thread and cottonfabrics

7. Man-made filaments;strip and the like of manmade textile materials

546 7.0 4.1 449 5.7 3.6

8. Man-made staple fibres 593 7.6 4.5 728 9.2 5.89. Knitted or crocheted

fabrics483 6.2 3.6 530 6.7 4.2

10. Iron and steel 2493 32.0 18.8 1294 16.4 10.3

11. Nuclearreactors,Boilers, Machineryand mechanical appliances,parts thereof

1441 18.5 10.9 1434 18.1 11.4

12. Ships, boats and floatingstructures

210 2.7 1.6 1444 18.3 11.5

13. Others 2090 26.9 15.7 1585 20.1 12.4

Other Countries 196315 2519.5 - 210422 2662.4 -(34.3) - (34.9) -

B. Imports under loans &

grants

85 1.1 - 460 5.9 -

C. Imports under IDB

Loan (short term)42723 548.5 - 41825 528.8 -

D. Other unclassified

Imports2711 34.8 - 4124 52.0 -

E. Imports of EPZ 55750 715.8 - 53673 678.5 -

Grand total :

(A+B+C+D+E)672955 8637.1 - 702945 8889.8 -

Source: Bangladesh Bank website


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Questionnaires:

1. What are the key commodities that are exported by Bangladesh?Answer: Page 18.

2. What are the key Importable commodities of Bangladesh?Answer: Page 20.

3. What is the amount of total income / expenditure is done by Bangladesh through Import &Export?

Answer: Page 21 & 22.

4. What shows throughout the last few years of Import & Export performance of Bangladesh?What indicates from its performance?

Answer: page 21 & 22.

5. What is the chief commodity name & at what volume Bangladesh Import & Export fromworld nations?

Answer: Appendix3 & 4.

6. What is the procedure & cost for registering for IRC & ERC?Answer: Appendix1 & 2

7. What are the trade strategies that are followed by Bangladesh?Answer: page 12-13.

8. What are the Restrictions for Import?Answer: page 14.

9. What are the Import Duties, Insurance of IRC & ERC & Future Trade Agenda ofBangladesh?

Answer: page 14-16.

10.Are there any incentives available in Bangladesh to encourage Investment? What are they?Answer: Yes, there is an infinite opportunity to do business in Bangladesh. To know about what

are they please go to the page 25.

An Analysis on the Export Import Performance of Bangladesh

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