Volume: 12/2014

Major Economic Indicators

Major Economic Indicators
Monthly Update:
December, 2014

Monetary Policy
Department

Bangladesh Bank

Contents
Executive summary

Page No.

.. 1--2

1.

Monetary and credit developments

2.

Reserve money developments

3.

CPI and inflation

4.

Liquidity position of scheduled banks

5.

Financial sector prices

6.

Capital market developments

7.

Agricultural credit and non--farm rural credit .. 9

8.

a) Industrial teerm loan

.......................................................... 10
b) Outstanding position of SME loan ................................. 10

9.

Industrial production

10.

Exports
a) Annual and monthly trends in exports
12
b) Category-wise breakdown of exports
................................. 13

11.

Imports
a) Import payments, L/Cs settlement and L/Cs opening ...................... 14
b) Sector-wise fresh opening, settlement and outstanding L/Cs . 15
c) Projected data on opening of import L/Cs & probable liabilities against BTB L/Cs .......... 15

12.

Remittances

16

13.

Foreign aid

.... 16

14.

Foreign exchange holdings abroad

15.

Exchange rate movements

16.

Balance of payments

17.

Public finance
a) Government tax revenue collections 19
b) Sale and repayment of NSD certificates
20
c) Budget financing
. 21

18.

Food situation
Appendix

..... 3

..................................... 4

............................................. 5
.... 6

......................................... 7
.. 8

. 11

17

.. 17
.. 18

21
......................................... 22-23

Executive summary
1. Movement of monetary indicators
Broad money
growth slows down
sharply in October,
2014 while private
sector credit
growth slows down
slightly from
previous month

Broad money (M2) growth decreased to 12.59 percent (y-o-y basis) in

October, 2014 compared to the growth of 16.18 percent in October, 2013.
Broad money growth resulted from higher net foreign assets (NFA) that
registered a 28.73 percent growth, and net domestic assets (NDA) grew by
8.57 percent in October, 2014. Private sector credit recorded a slightly lower
growth of 12.12 percent (y-o-y) in October, 2014 compared to 12.15 percent
growth of last month.

2. Inflation scenario
Inflation eases
further in
November, 2014

Point to point general inflation rate continued to decline in November, due

to the lower food inflation and reached to 6.21 percent in November, 2014
from 6.60 percent in October, 2014. However, non-food inflation slightly
increased to 5.84 per cent in November from 5.74 per cent in October, while
food inflation reduced to 6.44 per cent from 7.16 per cent in October.

3. State of the financial sector

Interest rate
spread edged up
in November, 2014.
Call money rates
up in December,
2014.

The spread between weighted average advances and deposit rates increased
to 5.17 percent in November, 2014 from 5.09 percent in October, 2014. The
weighted average call money rate (m-o-m) rose to 7.94 percent in December,
2014 from the last month of 7.77 percent because of increased liquidity
demand in the inter-bank money market.

4. Setting of the external sector

Export earnings increased slightly by 0.92 percent during July-November,
2014 compared to the same period of previous year. The export items that
Export growth
registered positive growth during the period under review includes knitwear,
moves to positive
at a slow pace in
engin. & electric goods, jute goods (excl.carpet), agricultural products,
first five months of chemical products and tea. While woven garments, frozen food, leather and
FY15
raw jute are the major items that experienced a negative growth in the same
period.

Import payments
remains positive in
the first four
months of FY15

Import payments during July-October, 2014 increased by 5.28 percent and

stood at USD13805.70 million against USD13113.90 million of JulyOctober, 2013. Fresh opening of import LCs during July-October, 2014
increased by 12.01 percent and stood at USD13977.57 million compared to
the same period of the previous year. From the sectoral distribution in L/C
opening during July-October 2014, it is revealed that L/C opening for the
industrial raw materials is the highest which is 37.17 percent followed by the
consumer goods being 12.36 percent.

Setting of the external sector (contd)

Remittance
growth remained
impressive during
first five months
of FY15
Net foreign
aid remains
comparatively
low in the first
four months of
FY15
Forex reserves
remains close to
USD22 billion.

Current account
balance continues
to negative in the
first four months
of FY15

Remittance receipts increased by 16.20 percent (m-o-m) to USD1182.94

million in November, 2014 from the previous month. During JulyNovember, 2014 remittances went up by 11.68 percent(y-o-y) and stood at
USD6212.11 million against the same period of the preceding year.
The total foreign aid disbursements decreased by USD74.59 million
during July-October, 2014 from USD753.26 million during July-October,
2013. Net receipts of foreign aid during July-October, 2014 stood lower at
USD287.10 million compared to USD338.19 million during the same time
of the preceding year.
The gross foreign exchange reserves of BB rose to USD21590.04 million
(with ACU liability of USD380.79 million) as of end November 2014,
against USD22312.45 million (with ACU liability of USD892.26 million) as
of end October 2014. Gross foreign exchange reserve crossed US$22.36
billion benchmark on 5th November and stood at $22.31 billion (due to
payment of ACU liability on 6th November) at the end of December, 2014.
BOP shows that higher import payments and lower export receipts
contributed to current account balance deficit by USD1261 million during
July-October, 2014.

5. Developments in the fiscal sector

Govt. budget
management
improved on
steady pace
of Revenue
collection

Disbursement of
Agricultural
credit, SME loans
and industrial
term loan
increased during
the period under
review

NBR tax revenue collection during the first five months of FY15 stood at
Tk.47725.70 crore which is higher by 13.93 percent against the collection
of Tk.41890.78 crore during the same period of the preceding fiscal.

6. Status of the production sector

Disbursement of agricultural credit increased slightly by 3.87 percent,
while, disbursement of non-farm rural credit decreased by 37.04 percent
during July-November, 2014 compared to the same period of previous year.
Disbursement of SME loans by banks and non-bank financial institutions
in September, 2014 increased by 15.67 percent compared with the same
period of last year. However, disbursement of SME loans by foreign
commercial banks decreased by 18.93 percent in September, 2014 from its
level of September, 2013.
Disbursement of industrial term loans during the first quarter of FY15
was higher by 44.24 percent compared with the matching period of the
previous year. Recovery of industrial term loans decreased by 14.44 percent
compared with the corresponding period last year.
The general index of industrial production (medium & large scale
manufacturing) stood at 257.05 in July, 2014 recording an increase of 10.79
percent from the index of 232.02 in the same month of the preceding year.
2

1. Monetary and credit developments

Outstanding stock
Particulars

June, 2013 June, 2014

(In crore taka)

(In crore taka)

Changes in Outstanding stock

October,
2014

Oct. 2014

FY2013-14

JulyOctober,
2014

Oct. 2013

Oct. 2013

JulyOctober,
2013

over

over
Oct. 2012

A. Net Foreign Assets of

banking system

113384.80

160056.60

164375.40

46671.80
(+41.16)

4318.80
(+2.70)

36681.80
(+28.73)

14308.80
(+12.62)

32595.60
(+34.28)

B. Net Domestic Assets

of banking system

490120.60

540566.90

556568.40

50446.30

16001.50

43944.80

22503.00

56565.80

(+10.29)

(+2.96)

(+8.57)

(+4.59)

(+12.40)

66169.10

19433.00

63446.20

22155.90

57128.30

(+11.57)
10686.40
(+8.94)
7404.80
(+6.72)
3281.60
(+34.71)
55482.70
(+12.27)
-15722.80
(+19.26)
97118.10
(+16.09)
9355.50
(+13.85)
87762.60
(+16.38)
8686.50
(+15.50)
79076.10
(+16.48)

(+3.05)
1839.60
(+1.41)
107.20
(+0.09)
1732.40
(+13.60)
17593.40
(+3.47)
-3431.50
(+3.53)
20320.30
(+2.90)
6200.30
(+8.06)
14120.00
(+2.26)
-5589.50
(-8.63)
19709.50
(+3.53)

(+10.68)
6679.40
(+5.33)
3075.20
(+2.68)
3604.20
(+33.17)
56766.80
(+12.12)
-19501.40
(+24.00)
80626.60
(+12.59)
7667.80
(+10.16)
72958.80
(+12.92)
6886.30
(+13.18)
66072.50
(+12.89)

(+3.88)
5846.60
(+4.89)
4436.80
(+4.03)
1409.80
(+14.91)
16309.30
(+3.61)
347.10
(-0.43)
36811.80
(+6.10)
7888.00
(+11.68)
28923.80
(+5.40)
-3789.30
(-6.76)
32713.10
(+6.82)

(+10.64)
11199.80
(+9.80)
15255.20
(+15.36)
-4055.40
(-27.18)
45928.50
(+10.87)
-562.50
(+0.70)
89161.40
(+16.18)
2761.00
(+3.80)
86400.40
(+18.06)
4333.70
(+9.04)
82066.70
(+19.06)

a) Domestic credit

571737.10

637906.20

657339.20

Public sector

119579.90

130266.30

132105.90

Govt.(net)

110124.60

117529.40

117636.60

Other Public

9455.30

12736.90

14469.30

Private sector

452157.20

507639.90

525233.30

b) Other items (net)

-81616.50

-97339.30

-100770.80

C. Broad money (A+B)

603505.40

700623.50

720943.80

i) Currency outside banks

67552.90

76908.40

83108.70

ii) Deposits

535952.50

623715.10

637835.10

a) Demand deposits

56050.20

64736.70

59147.20

b) Time deposits

479902.30

558978.40

578687.90

Source: Statistics Department. Note: Figures in brackets of column# 6 and column# 8 indicate percentage changes over end June of previous fiscal.

Broad money

Domestic credit

Broad money recorded an increase of Tk.80626.60 crore

or 12.59 percent (y-o-y) at the end of October 2014
against the increase of Tk.89161.40 crore or 16.18 percent
at the end of October 2013. Of the sources of broad
money, net domestic assets (NDA) rose by Tk.43944.80
crore or 8.57 percent and net foreign assets (NFA) rose by
Tk.36681.80 crore or 28.73 percent.

Domestic credit recorded an increase of Tk.63446.20 or

10.68 percent (y-o-y) at the end of October 2014 against
the increase of Tk.57128.30 or 10.64 percent at the end
of October 2013. Credit to the private and public sector
recorded a growth of 12.12 percent and 5.33 percent
respectively in October, 2014 compared to the same
month of the previous year.

Broad Money Growth (y-o-y % changes)

Domestic Credit Growth (y-o-y % changes)

14.0

18
17

2013-14

12.5

16
15

2014-15

2014-15

2013-14

11.0

14
13

Jun.

May

Apr.

Mar.

Feb.

Jan.

Dec.

Nov.

Oct.

Sep.

Jul.

May

Apr.

Mar.

Feb.

Jan.

Dec.

Nov.

Oct.

Sep.

Aug.

Jul.

Jun.

Aug.

9.5

12

2. Reserve money developments

(In crore taka)

Outstanding stock
Particulars

June, 2013 June, 2014

October,
2014

FY2013-14

Changes in Outstanding stock

Oct. 2014
JulyJulyOctober,
October,
over
2014
2013
Oct. 2013

Oct. 2013
over
Oct. 2012

Net Foreign Assets of

Bangladesh Bank

103246.00

147496.60

154510.20

44250.60
(+42.86)

7013.60
(+4.76)

36843.60
(+31.31)

14420.60
(+13.97)

32974.30
(+38.93)

Net Domestic Assets of

Bangladesh Bank

9243.40

-17621.30

-14446.40

-26864.70
(-290.64)

3174.90
(-18.02)

-18129.40
(-492.25)

-5560.40
(-60.16)

-23604.10
(-86.50)

Claims on Govt.(net)

27069.00

3840.60

-6420.50

-23228.40

-10261.10

-28292.10

-5197.40

-18493.80

Claims on other public

1354.50

1202.70

1085.60

(-85.81)
-151.80

(-267.17)
-117.10

(-129.36)
-267.10

(-19.20)
-1.80

(-45.82)
325.40

(-11.21)

(-9.74)

(-19.75)

(-0.13)

(+31.68)

4281.40
(+68.18)
9271.70

3481.80
(+49.19)
6948.00

-3140.20
(-30.73)
2779.00

-9306.00
(-56.80)
3870.30

Claims on DMBs

10219.00

6279.20

10560.60

Other items (net)

-29399.10

-28943.80

-19672.10

-3939.80
(-38.55)
455.30

112489.40

129875.30

140063.80

17385.90

10188.50

18714.20

8860.20

9370.20

(+15.46)
10112.90
(+13.42)
9355.50
(+13.85)
757.40
(+9.69)
7273.00
(+19.59)

(+7.84)
6303.00
(+7.37)
6200.30
(+8.06)
102.70
(+1.20)
3885.50
(+8.75)

(+15.42)
8688.00
(+10.45)
7667.80
(+10.16)
1020.20
(+13.32)
10026.20
(+26.21)

(+7.88)
7727.90
(+10.25)
7888.00
(+11.68)
-160.10
(-2.05)
1132.30
(+3.05)

(+8.37)
3199.40
(+4.00)
2761.00
(+3.80)
438.40
(+6.07)
6170.80
(+19.24)

Reserve money

75372.30

85485.20

91788.20

i) Currency outside banks

67552.90

76908.40

83108.70

ii) Cash in tills

7819.40

8576.80

8679.50

37117.10

44390.10

48275.60

3309.86

2044.86

3750.46

-1265.01

1705.60

1372.20

-931.61

1965.48

5.36

5.39

5.15

0.03

-0.25

-0.13

-0.09

0.35

Currency Issued

Deposits held with BB

Of which: Excess reserves
Reserve money multiplier

Source: Statistics Department. Note:Figures in brackets of Column# 5 and Column# 8 indicate percentage changes over end June of previous fiscal.

Reserve Money
Reserve money recorded an increase of 15.42 percent
(y-o-y) at the end of October, 2014 compared to the

30

increase of 8.37 percent at the end of October, 2013. Of

25

the sources of reserve money, net domestic assets of

Reserve Money Growth (y-o-y) % changes

2014-15

2013-14

20

Bangladesh Bank decreased by Tk.18129.40 crore,

15

indicating lower demand of borrowing by government

and DMBs from Bangladesh Bank, while net foreign

10

assets of Bangladesh Bank increased by 31.31 percent to

October, 2014 from 5.39 of June, 2014.

4

Jun.

May

Apr.

Mar.

Feb.

Jan.

Dec.

Nov.

Oct.

Sep.

Jul.

Reserve money multiplier stood at 5.15 at the end of

Aug.

Tk.154510.20 crore in October, 2014.

3. CPI and Inflation

Consumer Price Index(CPI) and Rate of Inflation at National Level (Base : FY2005-06=100)
Twelve-Month Average Basis
General
Index

Inflation

Food
Index

Point to Point Basis

Non-food

Inflation

Index

General

Inflation

Food

Index nflation Index

Non-food

Inflation

Index

Inflation

2012-13
July
August
September
October
November
December
January
February
March
April
May
June

170.91
171.60
172.31
173.14
174.08
175.09
176.04
177.16
178.27
179.46
180.58
181.73

8.14
7.56
6.93
6.51
6.25
6.22
6.06
6.15
6.23
6.41
6.57
6.78

183.98
184.32
184.60
184.99
185.61
186.42
187.20
188.34
189.48
190.79
192.00
193.24

6.71
5.77
4.71
3.93
3.45
3.38
3.24
3.52
3.84
4.33
4.76
5.22

154.14
155.29
156.55
157.95
159.29
160.56
161.73
162.83
163.89
164.92
165.95
166.97

10.40
10.39
10.47
10.64
10.72
10.73
10.55
10.29
9.98
9.66
9.38
9.17

173.20
176.41
179.44
181.26
181.77
182.42
184.33
184.79
185.01
185.13
182.91
184.04

5.21
4.97
4.96
5.86
6.55
7.14
6.62
7.84
7.71
8.37
7.98
8.06

183.97
187.89
191.68
193.07
193.7
194.37
196.36
196.78
196.82
196.87
192.75
194.58

2.23
2.25
1.75
2.51
3.94
5.28
5.02
7.45
7.50
8.68
8.13
8.26

159.39
161.68
163.75
166.12
166.47
167.11
168.92
169.42
169.88
170.07
170.29
170.53

9.94
9.29
10.18
11.28
10.68
10.03
9.09
8.44
8.04
7.91
7.76
7.76

186.79
189.44
192.24
194.01
194.76
195.82
198.15
198.54
198.84
198.93
196.60
196.86

7.85
7.39
7.13
7.03
7.15
7.35
7.50
7.44
7.48
7.46
7.48
6.97

198.95
203.09
206.88
209.25
210.27
211.87
213.65
214.17
214.45
214.50
210.27
210.15

8.14
8.09
7.93
8.38
8.55
9.00
8.81
8.84
8.96
8.95
9.09
8.00

171.18
171.94
173.48
174.46
174.92
175.26
178.26
178.51
178.82
178.97
179.07
179.82

7.40
6.35
5.94
5.02
5.08
4.88
5.53
5.37
5.26
5.23
5.16
5.45

2013-14
July
August
September
October
November
December
January
February
March
April
May
June

182.86
183.94
185.01
186.07
187.16
188.27
189.42
190.57
191.72
192.87
194.01
195.08

6.99
7.19
7.37
7.47
7.51
7.53
7.60
7.57
7.55
7.48
7.44
7.35

194.49
195.75
197.02
198.37
199.75
201.21
202.65
204.10
205.57
207.03
208.49
209.79

5.71
6.20
6.73
7.23
7.62
7.93
8.25
8.37
8.49
8.51
8.59
8.57

167.95
168.81
169.62
170.31
171.02
171.70
172.47
173.23
173.98
174.72
175.45
176.22

8.96
8.71
8.35
7.83
7.36
6.94
6.64
6.39
6.16
5.94
5.73
5.54

July

196.18

7.28

211.11

8.55

177.04

5.41

199.94

7.04

214.75

7.94

180.95

5.71

August

197.27

7.24

212.40

8.51

177.86

5.37

202.53

6.91

218.66

7.67

181.85

5.76

September

198.36

7.22

213.72

8.48

178.68

5.34

205.39

6.84

222.66

7.63

183.25

5.63

October

199.43

7.18

214.97

8.37

179.51

5.40

206.81

6.60

224.23

7.16

184.47

5.74

November

200.44

7.10

216.10

8.18

180.36

5.47

206.86

6.21

223.81

6.44

185.14

5.84

2014-15

Source : Bangladesh Bureau of Statistics.

Inflation (p-t-p) decreased by 0.39 percentage points

from 6.60 percent in October 2014 to 6.21 percent in
November 2014. Food inflation decreased to 6.44
percent in November 2014 from 7.16 percent in October
2014. On the other hand, non-food inflation increased to
5.84 percent from 5.74 percent in the previous month.

CPI(Base:FY2005-06=100) Inflation

8.5
8.0
7.5
7.0

Average inflation decreased marginally to 7.10 percent

in November 2014 from 7.18 percent in October 2014.
Average food inflation decreased by 0.19 percentage
points and stood at 8.18 percent in November 2014
compared to 8.37 percent of October 2014. However,
average non-food inflation increased to 5.47 percent in
November 2014 from 5.40 percent of October 2014.

Average

6.5

P to P

Nov.14

Oct.14

Sep.14

Aug.14

Jul.14

Jun.14

May14

Apr.14

Mar.14

Feb.14

Jan.14

Dec.13

Nov.13

6.0

4. Liquidity position of the scheduled banks

(Tk. in crore)
As of end June, 2014

As of end September 2014

Bank Group

Total
Liquid
Assets

Required
Liquidity
(SLR)

Cash in tills+
balances with
Sonali Bank

Balances with
Bangladesh Bank

Unencumbered
approved
securities

Total
Liquid
Assets

Required
Liquidity
(SLR)

7=(4+5+6)

State owned Banks

77237.46

20831.50

1417.96

11157.76

65236.59

77812.31

21837.53

Private Banks (Other than Islamic)

91297.63

37265.18

5301.12

22788.15

68613.83

96703.10

38706.16

Private Banks (Islamic)

25026.25

6579.81

1258.67

11527.95

15021.03

27807.65

6977.98

Foreign Banks

16155.00

4836.15

555.81

4809.48

14466.19

19831.48

4623.84

Specialised Banks*

4959.75

1765.58

297.44

2501.82

1972.63

4771.89

1673.53

214676.09

71278.22

8831.00
(+3.89)

52785.16
(+23.26)

165310.27
(+72.85)

226926.43

73819.04

Total

Source : Department of Offsite Supervision. Note :- Figures in brackets indicate sectoral share in the total liquid assets. P=provisional, R= Revised,
* SLR does not apply to Specialised banks (except BASIC Bank) as exempted by the Government .
Note: According to the circular No-MPD-02, 2013 with effect from February 01, 2014 SLR has been calculated separately as 13% (excluded CRR)

Total liquid assets of the scheduled banks stood at Tk.226926.43 crore as of end September 2014 which
was Tk.214676.09 crore at the end of June 2014. Required liquidity of the scheduled banks stood at
Tk.73819.04 crore as of end September 2014 which was Tk.71278.22 crore at the end of June 2014.
Scheduled banks holding of liquid assets as of end September 2014 in the form of Cash in tills &
Balances with Sonali bank, Balances with Bangladesh Bank and Unencumbered approved securities

Liquid assets & required liquidity

Distribution of total liquid assets

(as of end September 2014)

Sep. 14

Aug. 14

Jul. 14

Jun. 14

May,14

Apr.14

Mar.14

Feb.14

Jan.14

Dec.13

Nov.13

Liquid assets
SLR

Oct.13

2450
2250
2050
1850
1650
1450
1250
1050
850
650
450
250
50

Sep.13

billion taka

are 3.89 percent, 23.26 percent, and 72.85 percent respectively of total liquid assets.

Balances with
BB,
23.26%

Cash in
tills+balances
with SB,
3.89%

Unencumbered
approved
securities,
72.85%

5. Financial Sector Prices:

Interest Rate Development

1/:

Treasury Bills

BGTB

BB Bill

Repo

R. Repo

91-Day 182-Day 364-Day 2-Year 5-Year 10-Year 15-Year 20-Year 30-Day 1-3 Day 1-3 Day

Call
Money
Rate

Interest

Interest

Rate on

Rate on

Spread

Advances Deposits

2013-14
July
August@

8.48
8.63

10.20
10.23

10.47
10.57

10.88
10.87

11.71
11.77

September

8.52

10.12

10.55

10.90

11.78

12.22

12.42

12.48

7.70

7.25

5.25

7.43

13.51

8.50

5.01

October

8.34

9.53

10.31

10.89

11.78

12.22

12.42

12.48

7.40

7.25

5.25

7.78

13.42

8.47

4.95

November
December
January
February
March
April
May
June
2014-15
July
August
September
October
November

8.03
7.41
7.37
7.38
7.22
7.26
7.06
6.89

8.94
8.22
8.09
8.23
7.72
7.55
7.51
7.50

10.11
9.25
8.81
8.81
8.20
7.81
7.76
7.96

10.69
10.03
9.63
9.61
9.26
8.63
8.52
8.80

11.70
11.30
11.13
11.04
10.63
10.25
10.03
10.07

12.07
12.11
12.12
12.09
11.70
11.67
11.66
----

12.28
12.28
12.20
12.10
11.97
11.95
11.94
11.97

12.33
12.32
12.26
12.22
12.12
12.12
12.13
12.12

7.20
7.09
7.12
7.01
6.92
6.78
6.52
5.85

7.25
7.25
7.25
7.25
7.25
7.25
7.25
7.25

5.25
5.25
5.25
5.25
5.25
5.25
5.25
5.25

7.03
7.11
7.17
7.08
7.16
7.35
6.50
6.23

13.42
13.45
13.39
13.40
13.36
13.25
13.23
13.10

8.45
8.39
8.40
8.34
8.21
8.11
8.01
7.79

4.97
5.06
4.99
5.06
5.15
5.14
5.22
5.31

6.81
6.85
6.82
7.44
7.32

7.51
7.36
7.37
7.69
7.69

7.98
7.86
7.61
8.13
8.16

8.89
8.81
8.36
8.47
8.48

9.99
9.81
9.48
9.56
9.66

11.59
11.33
10.96
10.92
10.92

11.87
11.58
11.45
11.42
11.44

12.10
11.89
11.86
11.96
11.94

5.25
5.25
5.43
5.25
5.25

7.25
7.25
7.25
7.25
7.25

5.25
5.25
5.25
5.25
5.25

6.65
6.52
6.86
8.41
7.77

12.84
12.75
12.58
12.49
12.49

7.71
7.63
7.48
7.40
7.32

5.13
5.12
5.10
5.09
5.17

December

7.45

7.92

8.21

8.48

9.59

10.99

11.52

12.05

5.25

7.25

5.25

7.94

----

----

----

12.22
12.20

12.40
12.40

12.48
12.48

7.60
7.70

7.25
7.25

5.25
5.25

7.44
8.11

13.63
13.56

8.61
8.55

5.02
5.01

Dec. 14

Nov. 14

Oct. 14

Sep. 14

Aug. 14

Jul. 14

Jun. 14

May14

Apr.14

Mar.14

Feb.14

Jan.14

5.31
5.22

5.2

5.14

5.15
5.06

5.0
4.97

5.17

5.12

5.13

5.10

5.06

5.09

4.99

Nov.14

Oct.14

Sep.14

Aug.14

July 14

June 14

May14

4.8

The spread between advances and deposit rate increased to

5.17 percent in November, 2014 which was 5.09 percent in
the previous month.
7

Dec. 14

Nov. 14

Oct. 14

Sep. 14

Aug. 14

Jul. 14

Jun. 14

May14

Apr.14

Mar.14

Spread of Advances & Deposit Rate

Apr.14

Feb.14

Dec.13

Jan.14

Nov.13

Mar.14

Call Money

Feb.14

364-day

Rev.Repo

Jan.14

182-day

10

Dec.13

W.Ave. yield in percentage

91-day

11

Repo

Dec.13

Yield on Treasury Bills

12

Repo, Reverse Repo & Call MoneyRate

11

5.4

W. Ave. rate in percentage

The weighted average yield on 30-Day Bangladesh Bank bill

remained the same at 5.25 percent in December, 2014 as that of
the previous month. The weighted average yield on 91-Day,
182-Day, and 364-Day treasury bills increased to 7.45 percent,
7.92 percent, and 8.21 percent respectively in December, 2014
compared to their respective yields of November, 2014.
The weighted average yield on 2-Year BGTB remained the same
at 8.48 percent in December as that of the previous month. The
weighted average yield on 5-Year, 10-Year, 15-Year, and 20Year BGTB increased to 9.59 percent, 10.99 percent, 11.52
percent, and 12.05 percent respectively in December, 2014 from
the corresponding yield of November, 2014. The weighted
average call money rate in the inter-bank market rose to 7.94
percent in December, 2014 from the rate of November 2014.

W. average rate in percentage

Source: MPD, DMD, Statistics Department, Bangladesh Bank . 1/ Weighted average rate, @ = upto 9 th December, 2014

6.

Capital market developments

Annual capital market developments (DSE)

(In crore taka) General Index /
DSE
Turnover during
Broad Index
the Year

Calender Year

Enlisted issues
(Incl. Mutual
Funds/Deb.)

Issued Capital
and Debentures

Market
Capitalisation

2009

415

52163.20

188449.30

147530.10

4535.53

2010

445

66436.00

347250.20

400991.28

8290.41

2011

501

87890.50

261673.00

156055.63

5257.61

2012

515

94987.60

240356.00

100108.49

4219.31

2013

529

99978.50

264779.00

95269.21

4266.55

Monthly capital market developments(DSE)

(In crore taka)

Enlisted issues
Month
(End Month)

(Incl. Mutual
Funds/Deb.)

Issued capital

Market

Turnover during

DSE
Broad Index

and debentures

capitalisation

the month

(DSEX)

January, 14

530

100134.10

287571.00

12526.30

4753.17

February, 14

531

100200.30

292312.00

10961.63

4749.87

March, 14

532

100583.50

283537.00

7301.87

4491.98

April, 14

533

101035.60

295308.00

9797.76

4566.86

May, 14

535

102101.90

288487.00

5845.76

4430.48

June, 14

536

103207.60

294320.00

7734.97

4480.52

July, 14

538

103476.90

293696.00

4115.68

4427.16

August, 14

540

103768.00

303034.00

12658.91

4549.52

September, 14

544

104202.60

337428.00

17580.97

5074.31

October, 14

544

104452.30

339877.00

12765.61

5173.23

Source : Dhaka Stock Exchange

Oct.14

Sep.14

Jul.14

Aug.14

Jun.14

Apr.14

end of September, 2014.

May14

Oct.13

at Tk.339877.00 crore from Tk.337428.00 crore at the

Mar.14

securities at the end of October 2014 also stands higher

Jan.14

capitalization of all shares and debentures of the listed

Feb.14

5074.31 at the end of September 2014. Total market

DSEX

Dec.13

billion taka

2014 stands higher at 5173.23 compared to the index of

5400
5200
5000
4800
4600
4400
4200
4000
3800
3600
3400
3200
3000

Capitalisation

Nov.13

The DSE Broad Index (DSEX) at the end of October

DSEX

Trends in market Capitalisation and Indices of DSE

3500
3400
3300
3200
3100
3000
2900
2800
2700
2600
2500
2400
2300
2200
2100
2000

7. Agricultural credit and non-farm rural credit

a. Agricultural credit

2013-14
Disbursement Recovery

September

969.04

1087.38

1149.04

1155.13

1039.94

1110.34

1086.57

1261.46

October
November
July-November

1280.86

1255.56

1190.44

1313.41

4828.15
(+1.22)

5289.12
(+0.43)

4770.06
(+21.20)

5266.41
(+14.83)

b. Non-farm rural credit

Oct.
Sep.
Aug.
Jul.

74.41

68.48

163.04

151.32

October

92.35

130.79

174.30

249.93

124.71

94.04

188.06

162.98

460.12
(-37.05)

560.48
(-32.38)

730.89
(+16.75)

828.87
(+53.07)

2100

September

1800

154.59

1500

95.08

1200

In crore taka

110.04

102.98

900

110.40

600

164.19

75.76

July-November

Dec.
Nov.

2013-14
Disbursement Recovery

August

November

Jan.

300

92.89

2014-15
2013-14

Feb.

(In crore taka)

2014-15
Disbursement Recovery

July

Mar.

Month

Apr.

Non-farm rural credit disbursement

250
230
210
190
170
150
130
110
90
70
50
30
Jul.

Programmed level set for disbursement of agricultural credit and non-farm rural
credit for FY15 is Tk.15550.00 crore.

2013-14
2014-15

Jun.

846.23

May

472.47

Apr.

982.44

Mar.

726.67

May

Feb.

August

Jun.

Jan.

690.19

Dec.

871.55

Nov.

853.40

Oct.

811.64

Sep.

July

Agricultural credit disbursement

Aug.

2014-15
Disbursement Recovery

In crore taka

Month

(In crore taka)

Disbursement of agricultural credit increased slightly by 1.22 percent during July-November, 2014, however,
disbursement of non-firm rural credit decreased significantly during the period under review as all the banks
extended over only Tk.52.88 billion to the both sectors. Recovery of non-farm rural credit decreased by 32.38
percent to Tk.5.60 billion, however, recovery of agricultural credit slightly increased during July-November,
2014 as compared to the same period of previous year. Overdue as a percent of outstanding loan increased to
25.25 percent at the end of November, 2014 compared with that of November, 2013.

Overdue and outstanding

Month

overdue

2014-2015
outstanding

November

7561.56
(-0.96)

29945.44
(-4.57)

(In crore taka)

overdue as %
of outstanding

overdue

25.25

7635.03
(+22.02)

2013-2014
outstanding overdue as %
of outstanding
31380.48
(+12.98)

Source: Agricultural Credit & Financial Inclusion Department.

Note:- Figures in brackets indicate percentage changes over the corresponding period of the preceding year.

24.33

8. a) Industrial term loans

Quarterly

Period

(Tk. in crore)

Disbursement
LSI

MSI

SSCI

Recovery
Total

LSI

MSI

Disbursement of total industrial term loans

SSCI

Total

during July-September, 2014 was higher by

FY 2011-12

21917.52 10968.50 2392.08 35278.10 17978.53 9915.80 2342.41

30236.74

FY 2012-13

27955.23 11573.51 2999.57 42528.31 24287.62 9467.55 2794.24

36549.41

FY 2013-14

29046.19 9585.93 3679.20 42311.32 28999.63 9423.48 3383.58

41806.69

as compared to Tk.8880.79 crore during

6410.69

1604.62

865.48 8880.79 7081.32

2304.33

850.22

10235.87

July-September,

October-December, 2013 8931.66

January-March, 2014 6053.97

2802.70
2330.96

950.30 12684.66 7919.38

898.57 9283.50 6976.01

2672.70
2087.16

989.86
746.88

11581.94
9810.05

industrial term loans recorded a rise of 14.44

7649.87

2847.65

964.85 11462.37 7022.92

2359.29

796.62

10178.83

July-September, 2013

April-June, 2014

641.11 12809.42 7745.48 2778.34 1189.77

Overdue and Outstanding

(Tk. in crore)

Overdue
September 2014

LSI

MSI

7725.98 14969.12

SSCI

11713.59

Outstanding
Total

LSI

MSI

SSCI

955.80 23650.90 75486.49 23656.34 5887.09

(+10.23) (+63.28) (+16.24) (+22.52)

Total
105029.92
(+14.78)

2013.

Recovery

of

percent and stood at Tk.11713.59 crore

during

FY 2014-15
July-September, 2014 10325.16 1843.15

44.24 percent and stood at Tk.12809.42 crore

July-September,

2014

against

Tk.10235.87 crore during the same period of

the previous fiscal. Outstanding amount of
industrial term loans at the end of September
2014 stood at Tk.105029.92 crore which is
higher by 20.49 percent over the outstanding
amount of end September 2013.

Source: SME & Special Programmes Department.

Note:- Figures in brackets indicate overdue as % of outstanding. LSI=Large Scale Industries, MSI=Medium Scale Industries, SSCI= Small Scale & Cottage Industries.

8.b) Outstanding position of SME loans

(Tk. in crore)

Total SME loans by banks and non-bank

Banks/NBFIs Types of State Owned Private Foreign Spcialised Non-Bank
Total
financial institutions increased by Tk.17015.30 Quarter Ending
Loans
Banks
Banks Banks Banks Fin. Ins.
Total Loans
84044.73 305390.80 24134.50 29887.46 29785.25 473242.74
crore or 15.67 percent and stood at
September,
2013
SME
Loans
14946.43
79021.40 2349.43 8804.61
3477.60 108599.47
Tk.125614.77 crore at the end of September
(17.78)
(25.88) (9.73)
(29.46)
(11.68) (22.95)
2014 as compared with Tk.108599.47 crore at
Total Loans
84039.84 315328.57 23853.26 31213.60 31449.30 485884.57
December, 2013
SME Loans
15445.43 85333.22 2265.08 9269.20
3571.94 115884.87
the end of September, 2013. The increase of
(18.38)
(27.06) (9.50)
(29.70)
(11.36) (23.85)
institutional category-wise SME loans at the
Total Loans
85026.41 321208.64 23069.07 31454.54 32547.88 493306.54
March, 2014
SME Loans
15401.65 83873.33 2061.31 9435.39
3811.82 114583.50
end of September, 2014 are 12.51 percent in
(18.11)
(26.11) (8.94)
(30.00)
(11.71) (23.23)
specialised banks, 24.26 percent in Non-bank
Total Loans
84885.27 336184.11 22999.33 33368.21 33870.38 511307.30
financial institutions, 17.57 percent in private
June, 2014
SME Loans
15697.79 88863.76 2070.17 9810.41
4064.89 120507.02
(18.49)
(26.43) (9.00)
(29.40)
(12.00) (23.57)
banks and 10.91 percent in state owned banks
Total
Loans
86946.01
349968.23
23378.29
33461.24
35653.91
529407.68
as compared to September, 2013. Foreign
September, 2014
SME Loans
16576.43 92906.81 1904.64 9905.67
4321.22 125614.77
banks experienced a negative growth at the
(19.07)
(26.55) (8.15)
(29.60)
(12.12) (23.73)
end of September 2014 as compared to % changes of SME loans at the end of
15.67
10.91
17.57
-18.93
12.51
24.26
September, 2013. Disbursement of SME loans
Sept., 2014 over Sept., 2013
was 23.73 percent of total loans disbursed by
Source: SME & Special Programmes Department. Note :- Figures in brackets indicate SME loans as percentage of total loans.
the Banks and NBFIs in September, 2014.
Category-wise SME loans as % of total SME loan
(September 2014)
Foreign Banks
1.52%

Target level set for disbursement of SME

loans during Jan-Dec., 2014 is
Tk.89030.94 crore.
The percentage share of SME loan disbursement
from different categories of financial institutions to
total SME loan as of end of September, 2014 is
shown in the pie chart.

Spcialised
Banks
7.89%
Private Banks
73.96%
State Owned
Banks
13.20%

10

Non-Bank
Financial
Institutions
3.44%

9. Industrial Production

Quantum Index of Medium and Large-Scale Manufacturing Industry (Base: 2005-06=100)

Index
Major Industry Group

Weight

General
Wearing apparel
Textile
Food products
Pharmaceuticals and medicinal chemical

Jul-13

Average Index

Jul-14

Growth

FY13

FY14

Jul-14

FY14

100.00%
34.84%

232.02
362.84

257.05
363.24

195.19
265.83

211.29
293.70

10.79%
0.11%

8.25%
10.49%

14.07%
10.84%

140.64
242.04

119.79
335.33

142.41
219.10

139.68
239.61

-14.83%
38.54%

-1.92%
9.36%

8.23%

190.11

347.98

178.79

209.97

83.04%

17.44%

Non-metalic mineral products

7.12%

141.96

158.15

139.51

143.77

11.40%

3.05%

Leather and related products

Chemicals and chemical products
Basic metals

4.40%

136.83

137.51

139.76

147.83

0.50%

5.77%

3.67%
3.15%

60.03
149.03

57.60
146.49

84.62
136.41

80.41
150.20

-4.05%
-1.70%

-4.97%
10.11%

Tobacco products

2.92%

152.40

140.58

144.66

149.65

-7.76%

3.45%

Fabricated metal products except machinery

Others*

2.32%
8.44%

140.98
156.20

214.56
184.01

149.03
152.93

164.33
159.37

52.19%
17.80%

10.26%
4.21%

Source: Bangladesh Bureau of Statistics,

*Others includes reproduction of recorded media,rubber and plastic products ,coke and refined petroleum products,furniture,electrical equipment ,other transport
equipment,beverages,wood and products of wood and cork,paper and paper products,machinery and equipment n.e.c, computer, electronic and optical products and motor
vehicles,trailers and semi trailers. Indicies of Others are calculated from BBS data.

The general index of industrial production (medium &

large scale manufacturing) stands higher at 257.05 in
July, 2014 recording an increase of 10.79 percent over
the same month of preceding year.

440

260
240
220
200

Jul/14

Jun/14

May/14

Apr/14

Mar/14

Feb/14

Jan/14

Dec/13

Nov/13

Oct/13

Sep/13

Aug/13

Jul/13

180

Quantum index of small scale manufacturing

industries (Base:1995-96=100)

The general index of small scale manufacturing

420

400

industry during the fourth quarter (April-June) of

380

FY14 increased by 15.61 percent and stood at 427.29

360

340

as compared to 369.59 during the same quarter of the

320

previous fiscal year.

300
280

FY11

FY12

FY13

Q4

Q3

Q2

Q1

Q4

Q3

Q2

Q1

Q4

Q3

Q2

Q1

Q4

Q3

Q2

260
Q1

Indices

280

Indices

Indices that recorded increase in July, 2014 compared

to the same month of the preceding year are:
pharmaceuticals and medicinal chemical (83.04%),
fabricated metal products except machinery (52.19%),
food products (38.54%), non-metalic mineral products
(11.40%), leather and related products (0.50%), and
wearing apparel (0.11%). On the other hand, there is
some decrease in indices of textile (14.83%), tobacco
products (7.76%), chemicals and chemical products
(4.97%), and basic metals (1.70%).

300

Quantum index of medium & large scale

manufacturing industries (Base:2005-06=100)

FY14

11

10. Exports
a) Annual and monthly trends in exports
A. Annual exports

(In million USD)

2010-2011

2011-2012

22928.22
(+41.49)

24301.90
(+5.99)

1957.55
2417.43
12070.08
(+0.92)

2119.20
2212.44
11959.61
(+18.02)

July-November

Source : Export Promotion Bureau. P=Provisional; R=Revise

Note: Figures in brackets indicate percentage changes over the
corresponding period of the preceding year.

2013-14

June

May

Apr

Mar

2014-15

2850
2600
2350

2100

Latest available data on category-wise breakdown

Jul

1850

of exports are shown in the next page.

12

June

October
November

May

2590.24

Apr

2552.86

Export performance: Value Trends

3100

Mar

September

Feb

2013.44

Feb

2159.50

-10
Jan

August

2014 -15

Jan

3024.29

Dec

2982.74

10

Dec

July

2013-14

Nov

2013 - 2014

Month

20

Nov

2014 - 2015

July-June

30

Oct

2246.51
2303.42
2079.15
2538.81
2705.46
27027.36
(+11.22)

Oct

2389.42
2413.66
2411.73
2722.18
2800.23
30176.80
(+11.65)

Sep

February
March
April
May
June

Sep

October
November
December
January

Aug

September

(In million USD) 2014 compared with the same month of previous
2013 - 2014 2012 - 2013 year. Cumulative export receipts also rose slightly
3024.29
2439.08 by 0.92 percent during July-November, 2014
2013.44
1951.48
compared to that of the previous year. Export
2590.24
1900.89
receipts fell short of the strategic target for the first
2119.20
2077.03
2212.44
1765.09 five months of FY15 by 5.23 percent.
2726.20
2466.16
Export Growth (y- o- y % changes)
2753.77
2554.28
40

Aug

July
August

in November 2014 compared with the earnings of

27027.36
October 2014, while it increased by 9.27 percent (y(+11.22)
o-y) and stood at $2417.43 million in November,

Jul

Month

Export earnings increased by 23.49 percent (m-o-m)

Million USD

B. Monthly exports

2012-2013

b) Category-wise breakdown of exports

Particulars

(In million USD)

July-November, 2014 July-November, 2013

Changes during July-November, 2014

over July-November, 2013
In absolute amount
In percentage
@
Value Volume@ Value
Volume

Volume@

Value

Volume@

Value

---

43.21

---

49.47

---

-6.26

---

-12.65

---

305.43

---

282.93

---

+22.50

---

+7.95

---

1.50

---

1.00

---

+0.50

---

+50.00

---

300.76

---

324.81

---

-24.05

---

-7.40

---

173.49

---

194.39

---

-20.90

---

-10.75

---

4693.47

---

4753.53

---

-60.06

---

-1.26

---

4997.78

---

4899.82

---

+97.96

---

+2.00

---

44.41

---

40.14

---

+4.27

---

+10.64

---

121.36

---

98.88

---

+22.48

---

+22.73

10. Engin.& Electric goods

---

180.61

---

153.17

---

+27.44

---

+17.91

11. Others**

---

1208.06

---

1161.47

---

+46.59

---

+4.01

TOTAL

---

12070.08

---

11959.61

---

+110.47

---

+0.92

1. Raw Jute
(In million Kg.)
2. Jute goods (excl.carpet)
(In million Kg.)
3. Tea
(In million Kg.)
4. Frozen food
(In million Kg.)
5. Leather
(In million Kg.)
6. Woven garments
(In million Pcs.)
7. Knitwear
(In million Pcs.)
8. Chemical products
(In million Kg.)
of which (fertilizer)
9. Agricultural products*
(In million Kg.)

--- = Not availa * Includes vegetables, fruits & tobacco.

Source : Export Promotion Bureau

@

* *Others means residual items

Due to error in the data recording software of EPB (Export Promotion Bureau), the data of export volume is currently unavailable.

Category-wise breakdown of exports shows that during July-November, 2014 exports of knitwear, engin. &
electric goods, jute goods (excl.carpet), agricultural products, chemical products and tea experienced positive
growth compared with that of the same period of the previous year. On the other hand, exports of woven
garments, frozen food, leather and raw jute experienced a negative growth during July- November, 2014
compared to the same period of the previous year.
Category-wise share of total exports
(July-November, 2013)

Category-wise share of total exports

(July-November, 2014)
Woven
garments,
38.89%

Others**,
14.69%

Jute goods
(excl.carpet)
2.37%

Jute goods
(excl.carpet),
2.53%

Frozen food,
2.49%

Others**,
14.20%

Woven
garments,
39.75%

Frozen food,
2.72%

Knitwear,
41.41%

Knitwear,
40.97%
13

11. Imports
a) Import payments, import L/C settlement and import LCs opened
Import payments ( c&f )

Import LCs settlement

(In million USD)

Import LCs opened

2011-12

2010-11

2011-12

2010-11

2011-12

2010-11

35516.30
(+5.52)

33657.50
(+41.79)

34814.55
(+8.95)

31953.15
(+38.61)

37035.82
(-4.01)

38582.35
(+34.04)

Month

2013-14 P

2012-13

2013-14 P

2012-13

2013-14 P

2012-13

July

3477.40

2835.90

3239.53

2795.18

3717.75

2798.32

August

2851.70

2520.10

2499.45

2537.37

2739.88

2613.71

September

3478.90

2976.90

3092.83

2730.44

3147.05

3269.41

October

3305.90

2626.50

2816.85

2652.65

2873.76

2776.98

November

3351.40

2924.70

2899.77

2629.78

2977.02

2741.74

December

3439.80

2569.60

3249.29

2603.72

3355.22

2854.11

January
February
March
April
May
June

3655.40
3051.60
3653.80
3679.10
3514.10
3233.60

3368.60
2608.40
2912.80
2839.60
2952.70
2947.80

3420.33
2906.99
3249.81
3218.89
3288.29
3306.81

2771.44
2536.89
2731.09
2792.21
2699.81
2877.94

3611.93
3555.99
3712.72
3723.55
4107.37
4296.32

3228.14
2869.64
3487.50
3288.86
3188.36
2844.28

July-June

40692.70
(+19.39)

34083.60
(-4.03)

37188.84
(+14.93)

32358.52
(-7.05)

41818.56
(+16.29)

35961.05
(-2.90)

Month

2014-15 P

2013-14

2014-15 P

2013-14

2014-15 P

2013-14

July

3147.60

3477.40

2964.69

3239.53

3655.65

3717.75

August

3636.70

2851.70

3461.55

2499.45

3475.02

2739.88

September

3558.00

3478.90

3369.85

3092.83

3704.30

3147.05

October
July-October

3463.40
13805.70
(+5.28)

3305.90

3145.15
12941.24
(+11.10)

2816.85
11648.66
(+8.71)

3142.60
13977.57
(+12.01)

2873.76
12478.44
(+8.90)

FY

13113.90
(+19.66)

Source: Statistics Department, Foreign Exchange Operations Department, P = Provisional, NA=Not Available.
Note : Figures in brackets indicate percentage changes over the corresponding period of the preceding year.

2014-15

2013-14

30

20
10
0
-10

Jun.

May

Apr.

Mar.

Feb.

Jan.

Dec.

Nov.

Oct.

-20
Sep.

Settlement of import LCs during July-October, 2014

increased by 11.10 percent and stood at USD12941.24
million against USD11648.66 million during July-October,
2013.

Growth of import payments (y-o-y % changes)

Aug.

The total import payments during July-October, 2014

revealed that, imports under Cash and for EPZ stood at
USD11386.30 million, imports under buyers credit
USD1951.40 million, imports under loans/grants USD2.90
million, imports under direct investment USD44.50 million
and short term loan by BPC stood at USD420.60 million.

40

Jul.

Import payments during July-October, 2014 is higher by

USD691.80 million or 5.28 percent and stood at USD
13805.70 million against USD13113.90 million during the
same period of the preceding year.

Fresh opening of import LCs during July-October, 2014 increased by 12.01 percent, compared to the same
period of the previous year and stood at USD13977.57 million.
14

b) Sector-wise fresh opening, settlement and outstanding of import LCs

Latest available sector-wise comparative statement of fresh opening, settlement and outstanding of import
LCs during July-October, 2014 and July-October, 2013 are shown below:

Sectors / Commodities

(In million US$)

Changes during July-October, 2014
July-October, 2014
July-October, 2013
over July-October, 2013
Fresh LCs Settlement Outstanding Fresh LCs Settlement Outstanding Fresh LCs Settlement Outstanding
opening

LCs at the

of LCs

opening

of LCs

end of the

LCs at the

opening

of LCs

end of the

period

LCs at the
end of the

period

period

A. Consumer goods

1726.96

1544.40

1747.18

1374.13

1527.98

1880.33

+352.83

+16.42

-133.15

B. Intermediate goods

910.26

1019.18

1170.37

928.60

1031.47

1186.11

-18.33

-12.29

-15.74

C. Industrial raw materials

5195.94

4953.41

7263.31

4612.43

4756.79

6821.87

+583.51

+196.62

+441.44

D. Capital machinery

1044.43

917.20

4278.41

971.67

715.43

3265.87

+72.75

+201.77

+1012.55

E. Machinery for misc. inds.

1260.21

1338.96

2438.10

1399.92

1163.13

1873.77

-139.71

+175.84

+564.33

F. Petroleum & petro.prodts.

1417.48

1555.78

1388.80

1767.01

1152.06

1709.42

-349.53

+403.72

-320.62

G. Others
Total

2422.29

1612.32

3463.66

1424.67

1301.81

2398.66

+997.61

+310.50

+1065.00

13977.57

12941.24

21749.83

12478.44

11648.66

19136.02

+1499.14

+1292.58

+2613.81

2327.63

2140.64

3152.57

2060.45

2007.63

3082.99

+267.18

+133.01

+69.59

of which back to back

Source: Foreign Exchange Operations Department(FEOD), Bangladesh Bank.

The developments of each sector's share in total L/C opening during July-October, 2014 and July-October,
2013 are showing in the following pie-diagrams.
Sectoral Distribution in L/C Opening
(July-October, 2014 )
Petroleum &
petro.products ,

10.14%

Others ,
17.33%

Sectoral Distribution in L/C Opening

( July-October, 2013)

Consumer
goods,
Intermediate
12.36%
goods,
6.51%

Machinery
for misc.
industry,
Capital
9.02%
machinery,
7.47%

Petroleum &
petro.products ,
14.16%

Machinery for
misc. industry,
11.22%

Industrial raw
materials,
37.17%

Consumer
goods,
11.01%

Others ,
11.42%

Capital
machinery,
7.79%

Intermediate
goods,
7.44%

Industrial raw
materials,
36.96%

Sector-wise detailed break-up of fresh opening, settlement and outstanding of import LCs during JulyOctober, 2014 and July- October, 2013 are given in the Appendix.
c) Projected Data on Opening of Import LCs and Probable Liabilities against back to back LCs
of Scheduled Banks

(In million USD)

Month

Opening of import LCs

Probable liabilities of Banks against back to back LCs

December'14

3858.45

1152.25

January'15

3724.01

1194.50

February'15

3847.06

1202.14

December-February, 2014-15

11429.51

3548.90

Source: Monetary Policy Department, Bangladesh Bank.

Opening of import LCs and probable liabilities of banks against back to back LCs have been projected by
the scheduled banks at USD11429.51 million and USD3548.90 million respectively during December,
2014-February, 2015.
15

12. Remittances

1061.44

6212.11
(+11.68)

5562.54
(-9.03)

Source : Fore ign Exchange Policy De partme nt, Banglade sh Bank.

1000
900

Jun.

1182.94

July-November

1100

May

November

1200

Apr.

1058.24
14461.14
(+12.60)
2013 -14
1238.96
1005.77
1025.70
1230.67

1300

Mar.

Month
July
August
September
October

1286.69
14228.32
(-1.61)
2014 -15
1492.48
1174.37
1344.25
1018.05

2013-14

2014 -15

1400

Feb.

June
July-June

1500

Jan.

2012-13
1201.15
1178.65
1178.83
1453.69
1102.15
1287.31
1326.99
1163.18
1229.36
1194.40
1087.19

Dec.

2013 -14
1238.96
1005.77
1025.70
1230.67
1061.44
1210.22
1260.66
1173.19
1288.62
1230.57
1215.83

Nov.

Month
July
August
September
October
November
December
January
February
March
April
May

Inward Remittances (Monthly)

1600

Oct.

14228.32
(-1.61)

Sep.

14461.14
(+12.60)

Aug.

2013-14

12843.44
(+10.24)

Million US$

2012-13

Jul.

Monthly remittances

Annual
remittances

(In million USD)

2011-12

Remittances receipt in November 2014 increased by 11.45

percent (y-o-y) to USD1182.94 million against
USD1061.45 million in November 2013. This figure was
also higher by 16.20 percent (m-o-m) than USD1018.05
million of the previous month. During July-November,
2014 remittances went up by 11.68 percent to USD6212.11
million compared to the same period of the previous year.

Note :- Figures in brackets indicate percentage changes over the same period of the previous year.

13. Foreign Aid

Food
Aid

Project
Aid

(In million USD)

Total
Aid

Payment
Net
(Principal) Foreign Aid

Food
Aid

Project
Aid

Total
Aid

FY2013-14 P

Month

Payment
Net
(Principal) Foreign Aid

FY2012-13

July

0.00

204.96

204.96

212.39

-7.43

0.00

209.99

209.99

53.17

156.83

August
September
October
November
December
January
February
March
April
May
June

0.00
0.00
0.00
0.00
23.58
0.00
2.78
4.27
0.00
0.00
0.00

171.77
238.30
138.23
385.98
517.16
172.00
149.07
274.76
251.90
209.53
255.86

171.77
238.30
138.23
385.98
540.74
172.00
151.85
279.03
251.90
209.53
255.86

41.97
76.40
84.31
78.49
64.85
198.27
38.26
82.42
72.17
69.99
69.70

129.80
161.90
53.92
307.49
475.89
-26.27
113.58
196.62
179.73
139.54
186.16

0.00
20.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

116.41
199.59
263.60
139.67
507.13
97.81
125.66
228.76
115.83
253.64
508.06

116.41
219.59
263.60
139.67
507.13
97.81
125.66
228.76
115.83
253.64
508.06

47.02
88.65
65.31
84.04
79.80
193.11
38.97
75.33
49.13
82.65
42.33

69.39
130.95
198.29
55.62
427.32
-95.30
86.69
153.43
66.70
170.99
465.72

July-June

30.63

2969.52

3000.15

1089.21

1910.93

20.00

2766.14

2786.14

899.52

1886.61

Month

FY2013-14

July

0.00

175.99

FY2014-15
175.99
195.73

-19.74

0.00

204.96

204.96

212.39

-7.43

August

0.00

191.39

191.39

150.01

0.00

171.77

171.77

41.97

129.80

41.38

September

0.00

151.66

151.66

85.84

65.82

0.00

238.30

238.30

76.40

161.90

October

11.86

147.77

159.63

68.62

91.01

0.00

138.23

138.23

84.31

53.92

July-October

11.86

666.81

678.67

391.57

287.10

0.00

753.26

753.26

415.07

338.19

Source: Economic Relations Division(ERD), Ministry of Finance. P=Provisional; R = Revised

16

338.19

400

678.67

550

287.10

Total Aid
Net Aid

700

753.26

Foreign Aid

850

Million USD

Total foreign aid disbursements in October, 2014 increased by

USD7.97 million from USD151.66 million in September, 2014 and
stood at USD159.63 million. However, during July-October 2014
aid disbursements decreased by USD74.59 million or 9.90 percent
compared with USD753.26 million in the same period of the
preceding year. Net receipts of foreign aid during July-October,
2014 stood at USD287.10 million which was USD338.19 million
during the same period of the previous year.

250
100
July-October, 2014

July-October, 2013

14. Foreign exchange holdings abroad

21383.48

15533.70

August

22070.43

16252.27

September

21836.66

16154.76

October

22312.45

17345.40

November

21590.04

17105.88

5.5

5.0

4.5

Source : Accounts & Budgeting Department,Bangladesh Bank.

Oct.14

July

Nov.14

2013-14

Sep.14

2014-15

Aug.14

Month / Year

6.0

July14

(+40.44)

Jun.14

(+47.77)

May.14

(-5.01)

Apr.14

21507.99

Mar.14

15315.23

6.5

Bangladesh Bank
Commercial Banks
Reserve covers imports

Feb.14

10364.43

FX reserves (End month )

25000
24000
23000
22000
21000
20000
19000
18000
17000
16000
15000
14000

Jan.14

2013-14

Dec.13

2012-13

Nov.13

B. Outstanding
stock at the end
of the month

2011-12

Million US$

A. Outstanding
stock at the end
of the year

Reserve covers imports (In Months)

(In million US$)

Note :- Figures in brackets indicate percentage changes over the corresponding period of the previous year.

(a) Gross foreign exchange reserves of Bangladesh Bank:

The gross foreign exchange balances held abroad by commercial

banks rose to USD2097.64 million by end November, 2014 against
USD2040.22 million by end October, 2014. This was significantly
higher than the balance of USD1444.23 million at end of
November, 2013.

BDT vs. USD

The gross foreign exchange reserves of BB decreased to USD21590.04 million (with ACU liability of USD380.79
million) as of end November 2014, against USD22312.45 million (with ACU liability of USD892.26 million) as of
end October, 2014.
78.00
(b) Gross foreign exchange balances held abroad by
77.95
BDT against USD
77.90
commercial banks:
77.85

15. Exchange Rate Movements 2/:

Month Avg.Month End Month Avg. Month End

2013-14
2014-15
(Rupee per USD) (Rupee per USD)
Month End

Month End

July

77.7570

77.7500

77.5907

77.5005

59.8280

60.1485

August

77.7537

77.7500

77.4588

77.4000

68.3611

60.4678

September
October
November
December
January
February
March
April
May
June

77.7502
77.7506
77.7509
77.7510
77.7505
77.7502
77.7113
77.6633
77.6414
77.6301

77.7505
77.7500
77.7540
77.7500
77.7500
77.7311
77.6700
77.6500
77.6300
77.6300

77.4006
77.4031
77.5149

77.4000
77.4009
77.7000

61.8110
61.4871
62.3625
62.0028
62.2005
61.9380
60.0998
60.5253
59.0770
60.0958

61.4273
61.3175
61.9736

64.50

INR against USD

63.50
62.50
61.50
60.50
59.50
1.32

BDT against INR

TK. /INR

1.29

Source : Statistics Department & MPD. Note: 2/ Exchange rate represents the mid-value of buying and selling rates.

1.26
1.23

At the end of November 2014, Taka has depreciated by 0.09 percent

from its level at the end of June 2014, showing stability in the foreign
exchange market. However, Indian Rupees (INR) depreciated by 3.03
percent as of end November 2014 from its level of end June 2014.
17

1.20
31-07-14
07-08-14
14-08-14
24-08-14
31-08-14
07-09-14
14-09-14
21-09-14
28-09-14
08-10-14
15-10-14
22-10-14
29-10-14
06-11-14
13-11-14
20-11-14
27-11-14
04-12-14
11-12-14
21-12-14
29-12-14

2014-15
(Taka per USD)

INR vs. USD

Month

2013-14
(Taka per USD)

77.80
77.75
77.70
77.65
77.60
77.55
77.50
77.45
77.40
77.35

16. Balance of payments

(In million USD)

July-October 2013 R

July-October 2014 P

Trade balance

-1932

-3718

Exports f.o.b(including EPZ) 1/

Imports f.o.b(including EPZ)
Services
Credit
Debit
Primary income
Credit
Debit
Of which:Official interest payment
Secondary income
Official transfers
Private transfers
of which : Workers' remittances ( current a/c. portion)

9627

9533

11559
-1115
1039
2154
-903
85
988
2
4743
29
4714
4463

13251
-1737
947
2684
-996
31
1027
2
5190
18
5172
4988

Current account balance

793

-1261

Capital account
Capital transfers
Others
Financial account
i) Foreign direct investment(net)
ii) Portfolio investment (net)
of which : Workers' remittances ( financial a/c. portion)
iii) Other investment(net)
MLT loans 2/
MLT amortization payments
Other long-term loans (net)
Other short-term loans (net)
Trade credit (net)
DMBs & NBDCs(net)
Assets
Liabilities

116
116
0
30
443
189
38
-602
433
344
34
-354
-250
-121
7
-114

78
78
0
2885
468
290
41
2127
583
392
89
143
1025
679
-390
289

Errors and omissions

710

-456

Overall balance

1649

1246

Reserve assets
Bangladesh Bank(net)
Assets
Liabilities

-1649
-1649
1784
135

-1246
-1246
1138
-108

Particulars

Source :Statistics Department, Bangladesh Bank.

@@= Considering BPM-6

1/ Excludes local sales reported by EPB. Some adjustments necessiated by BOP considerations have been made.
2/ Excluding supplier's credit, reclassified as trade credit below. P= Provisional. R= Revised

Trade Balance recorded a higher deficit of USD3718 million in the first four months of FY15
compared to the deficit of USD1932 million in the same period of FY14. Though inflow of remittances
was higher in the period, a larger import payment contributed to a current account balance deficit of
USD1261 million during July-October, 2014. Although there is current account balance deficit, a larger
financial account surplus resulted in a surplus of USD1246 million in overall balances during JulyOctober, 2014 against a surplus of USD1649 million during the same period of the preceding fiscal.
18

17. Public finance

a) Government tax revenue collections
Annual tax revenue collections
NBR tax revenue
Non-NBR tax revenue
Total tax revenue

2007-2008

2008-2009

2009-2010

2010-2011

2011-2012

(In crore taka)

2012-2013

47435.66
(45970)
2312.44
(2042)
49748.10
(48012)

52527.25
(50213)
2652.90
(2653)
55180.15
(52866)

62042.16
(61000)
2848.00
(2955)
64890.16
(63955)

79403.11
(75600)
3229.36
(3452)
82632.47
(79052)

95058.99
(92370)
3631.58
(3915)
98690.57
(96285)

109151.31
(112259)
4127.65
(4565)
113278.96
(116824)

Note:- Figures in brackets indicate the target of revenue collection.

Customs
duties
1

NBR tax revenue

Non-NBR
Income
tax
VAT
others*
Total
tax
revenue
5=(1+..+4)
6
2
3
4

Total tax
Revenue Customs
Collections duties
7=(5+6)
1

(In crore taka)

NBR tax revenue
Non-NBR Total tax
Income
Revenue
tax
VAT
others*
Total
tax
revenue Collections
2
3
4
5=(1+..+4)
6
7=(5+6)

2013-14 R
July
August
September
October
November
December
January
February
March
April
May
June
July-June

2012-13 R

1032.59
939.48
1163.57

3414.89
2978.49
3440.67

1864.65
1986.81
3460.60

1474.42
1302.67
1595.14

7786.55
7207.45
9659.98

392.16
255.99
397.63

8178.71
7463.44
10057.61

1132.79
957.59
1096.34

2831.72
2697.15
2876.21

1541.01
1400.18
2691.12

1030.24
1225.78
1476.95

6535.76
6280.70
8140.62

362.82
221.38
327.34

6898.58
6502.08
8467.96

1023.60
960.68
1071.65
1068.29
1039.42

3257.48
3287.36
3317.68
3515.00
3498.41

2958.56
2600.62
3024.31
2742.06
2514.82

1664.44
1484.06
1370.99
1834.10
1811.22

8904.08
8332.72
8784.63
9159.45
8863.87

286.58
315.13
315.28
402.41
378.06

9190.65
8647.85
9099.91
9561.86
9241.93

1109.05
1101.91
962.75
1216.87
1054.70

3124.66
3147.14
3077.36
3742.87
3113.06

2117.77
2179.89
3054.56
2526.13
2822.52

1374.57
1399.22
1318.04
1682.02
1813.29

7726.05
7828.16
8412.71
9167.89
8803.57

298.61
307.12
333.61
431.26
316.94

8024.66
8135.28
8746.32
9599.15
9120.51

1142.28

3755.88

4133.73

1746.88

10778.77

389.00

11167.77

1030.18

3463.36

4123.63

1565.90

10183.07

308.12

10491.19

1277.78
1267.84

4237.06
4678.34

4006.85
4738.37

1848.27
1831.91

11369.96
12516.46

470.39
451.00

11840.35
12967.46

1175.83
1128.44

3744.23
3835.66

3489.19
3261.64

1603.49
1669.86

10012.74
9895.60

402.82
366.31

10415.56
10261.91

1397.43

5195.97

9175.89

1686.64

17455.93

559.01

18014.94

1356.00

5560.32

7912.59

1335.53

16164.44

13384.61
(+0.47)

44577.23 43207.27 19650.74

(+8.16) (+16.40) (+12.32)

120819.85
(+10.69)

4612.64
(+11.75)

125432.49
(+10.73)

13322.45 41213.74 37120.23 17494.89 109151.31

(+1.28) (+15.19) (+29.55) (+0.11)
(+14.82)

2014-15 p
July
August
September
October
November

451.33

16615.77

4127.65
(+13.66)

113278.96
(+14.78)

8178.71

2013-14 R

1035.86

3615.04

2023.65

1313.07

7987.62

345.18

8332.80

1032.59

3414.89

1864.65

1474.42

7786.55

392.16

1253.71

3576.30

2301.28

1746.40

8877.69

372.20

9249.89

939.48

2978.49

1986.81

1302.67

7207.45

255.99

7463.44

1295.99

3923.77

4111.09

2024.48

11355.33

380.55

11735.88

1163.57

3440.67

3460.60

1595.14

9659.98

397.63

10057.61

1022.91

3823.71

3242.49

1696.06

9785.17

1023.60

3257.48

2958.56

1664.44

8904.08

286.58

9190.65

3871.26 2948.39 1751.88

18810.08 14626.90 8531.89
(+14.84) (+13.64) (+13.44)

9719.89
47725.70
(+13.93)

960.68
5119.92
(-5.15)

3287.36 2600.62 1484.06

16378.89 12871.24 7520.73
(+11.60) (+29.62) (+15.58)

8332.72
41890.78
(+14.73)

315.13
1647.48
(+8.58)

8647.85
43538.26
(+14.49)

1148.36
5756.83
July-November (+12.44)

1097.93
(-33.36)

29318.57
-32.66

Source: National Board of Revenue and Office of the Controller General of Accounts . P=Provisional, R=Revised; ---= Not Available. *=include supplementary duties & travel tax.
Note:- Figures in brackets indicate percentage changes over the corresponding period of the preceding year. Non-NBR tax revenue includes Narcotics & liquor duty, taxes on vehicles, land revenue and stamp duty(non judicial).

Sep.14

Aug.14

Jul.14

Jun.14

May 14

Apr.14

Mar.14

Total

Feb.14

Jan.14

NNBR

Dec.13

2013-14

2014-15

NBR

Sep.13

NBR Tax Revenue: Monthly

Growth of total tax revenue (y-o-y % changes)

Nov.13

180
170
160
150
140
130
120
110
100
90
80
70
60
50

Jun.

May

Apr.

Mar.

Feb.

Jan.

Dec.

Nov.

Oct.

Sep.

Aug.

Target set for NBR tax revenue collection

for FY15 is Tk.1,49,720.00 crore.

Jul.

billion taka

NBR tax revenue collection during July-November, 2014

stood at Tk.47725.70 crore which is higher by Tk.5834.92
crore or 13.93 percent against the collection of Tk.41890.78
crore during the same period of previous year.

50
45
40
35
30
25
20
15
10
5
0
-5
-10
-15

Oct.13

Total tax revenue collection (NBR & non-NBR) during the

first quarter of FY15 stood at Tk.29318.57 crore which is
higher by 14.08 percent against the collection of
Tk.25699.76 crore during the same quarter of FY14.

19

b) Sale and repayment of NSD certificates

FY

Sale

(1)
2011-2012

(2)
18955.35
23326.77
24309.59

2012-2013
2013-2014

Months

Sale

Repayment
(Principal)

Repayment
(Principal)
(3)
18476.33
22553.93
12602.29

Outstanding
Net sale at the end of
the period

2013-2014

(In crore taka)

Outstanding at
Net sale
the end of the year
4=(2-3)
(5)
479.02
63917.34
772.84
64690.18
11707.30
76397.48
(In crore taka)
Outstanding
Repayment
Sale
Net sale at the end of
(Principal)
the period
2012-2013

July

2144.02

1519.08

624.94

65315.12

2028.32

1819.21

209.11

64126.45

August

1725.27

1033.43

691.84

66006.96

1746.72

1493.64

253.08

64379.53

September

2024.42

1243.73

780.69

66787.65

2222.02

2231.07

-9.05

64370.48

October

1540.21

938.80

601.41

67389.06

1936.46

1878.15

58.31

64428.79

November

1579.71

909.18

670.53

68059.59

1978.46

2104.56

-126.1

64302.69

December

1445.26

956.99

488.27

68547.86

1646.41

1854.32

-207.91

64094.78

January

2242.91

1117.15

1125.76

69673.62

2324.16

2138.58

185.58

64280.36

February

2253.54

991.37

1262.17

70935.79

1871.35

1691.60

179.75

64460.11

March

2194.72

979.36

1215.36

72151.15

1851.73

1701.93

149.8

64609.91

April

2315.18

1041.65

1273.53

73424.68

1975.40

1988.93

-13.53

64596.38

May

2190.88

907.14

1283.74

74708.42

1803.56

1747.41

56.15

64652.53

June

2653.47

964.41

1689.06

76397.48

1942.18

1904.53

37.65

64690.18

12602.29 11707.30
(-44.12) ########

76397.48
(+18.10)

23326.77
(+23.06)

22553.93
(+22.07)

772.84
(+61.34)

64690.18
(+1.21)

July-June

24309.59
(+4.21)

2014-2015

2013-2014

July

2727.43

869.74

1857.69

78255.17

2144.02

1519.08

624.94

65315.12

August

3544.42

1073.62

2470.80

80725.97

1725.27

1033.43

691.84

66006.96

September

3583.70

1091.18

2492.52

83218.49

2024.42

1243.73

780.69

66787.65

October
November
July-November

3331.37

1074.76

2256.61

85475.10

1540.21

938.80

601.41

67389.06

3234.86
16421.78
(+82.19)

1070.47
5179.77
(-8.23)

2164.40
11242.02
#REF!

87639.50
87639.50
(+28.77)

1579.71
9013.63
(-9.06)

909.18
5644.22
(-40.75)

670.53
3369.41
#REF!

68059.59
68059.59
(+5.84)

Source:- National Savings Directorate. Note : Figures in brack ets indicate percentage changes over the corresponding period of the preceding year.

Monthly net sale of NSD certificates

20

Jun.

May

Apr.

Mar.

Feb.

Jan.

Dec.

2013-2014

Nov.

Oct.

Sep.

2014-2015

Jul.

Outstanding borrowing of the government through

NSD certificates as of end November, 2014 stood at
Tk.87639.50 crore which was higher by 28.77 percent
from the outstanding amount at the end of November,
2013.

2500
2300
2100
1900
1700
1500
1300
1100
900
700
500
300
100

Aug.

Taka in crore

Sale of National Savings Certificates during JulyNovember, 2014 stood at Tk.16421.78 crore which was
82.19 percent higher than the amount of sale in the
same period of the preceding fiscal year. Net borrowing
of the government through NSD certificates during
July-November, 2014 stood substantially higher at
Tk.11242.02 crore against Tk.3369.41 crore during
July-November, 2013.

c) Budget financing

(In crore Taka)

Net
Net
borrowing non-bank
Total
Net foreign
of the Govt. borrowing
domestic
from the of the Govt.
financing 3/
financing
banking
from the
1/
system
public 2/

Year

1
2008-2009

2
10527.40

2009-2010

-4376.00

12256.14

7880.14

10218.86

2010-2011

19384.10

3012.93

22397.03

2011-2012

18875.00

2241.10

17873.00

2887.71

2012-2013

2013-2014P

3
4=(2+3)
4405.51 14932.91

Total
financing as
% of GDP@
at current
market price

Total
financing

5
6=(4+5)
7037.17 21970.08

7
3.12

8
108943.70

9
15.45

18099.00

2.27

116823.84

14.65

7470.44

29867.47

3.26

139220.87

15.20

21116.10

9714.35

30830.45

2.92

160423.25

15.20

20760.71

15080.19

35840.90

2.99

181183.96

15.11

2.63

202043.80

14.96

188510.17

----

211919.85

----

6705.90

14153.94

20859.84

14602.54

35462.38

3824.00

3502.21

7326.21

2629.52

9955.73

----

July-October, 2014 P

-722.50

10598.55

9876.05

2223.98

12100.03

----

July-October, 2013

Outstanding
Outstanding domestic debt
Domestic debt as % of GDP@
(end period)
at current
market price

Source: National Accounts Statistics, BBS. P=Provisional ; R=Revised, 1/ : Excludes interest, 2/ : Excludes saving certificates held by the banks and includes treasury bills & bonds held by
the non-bank financial institutions, T.bills & bonds have been taken at face value. 3/: Aid disbursement less amortization. @: nominal GDP has taken as base 2005-06=100 from FY05 onwards.

Total budget financing of the government during July-October, 2014 stood higher at Tk.121.00 billion against
Tk.99.56 billion during the same period of the previous year. Financing from domestic sources stood higher at
Tk.98.76 billion compared to the same period of the preceding year. However, net foreign financing stood lower at
Tk.22.24 billion during the period under review. Net Govt. borrowing from the banking system stood negative at
Tk.7.23 billion, while Govt. borrowing from the non-banking system stood higher at Tk.105.99 billion during JulyOctober, 2014 compared with the same period of the preceding year. Total budget financing in the first four months
of FY15 stood at 0.79 percent of projected GDP against 5.00 percent (overall deficit, excluding grants) as envisaged
in budget for FY15.

18. Food situation

Actual
Year

Production Domestic Production

(In lakh metric ton)

Net

Food grain Imports

Domestic

Govt. &
food aid
22.04

Private

Public
Total

Domestic

Public

Foodgrain

Distribution Stock Public

(Gross)

FY2010-11

Target
360.65

345.13

Production*
310.62

35.00

57.04

Procurement
4.62

FY2011-12

357.25

348.20

313.38

10.50

12.40

22.90

14.26

20.95

12.48

FY2012-13

354.66

350.88

315.79

4.72

14.18

18.90

14.06

20.87

14.97

FY2013-14

358.81

356.56

320.90

8.56

21.37

29.93

14.34

22.20

11.53

520.31

----

----

----

----

15.50

27.40

11.62

FY2014-15

Particulars
1. Imports (Rice & Wheat)
2. Procurement (Rice & Wheat)
3. Distribution (Rice & Wheat)
4. Food Stock

12.10

July-October, 2014-15 P
13.59
10.54
4.58
14.23

22.91

(End June)
8.87

July-October, 2013-14
10.79
4.99
6.72
11.76

Source : Bangladesh Food Situation Report, FPMU, Ministry of Food & Disaster Management,Govt. of the Peoples Republic of Bangladesh.
Note :T=Target, P = Provisional, R = Revised, N.A = Not Available, @ = only Govt. import

** Only for Aus and Aman

*=After 12% deduction for FY08, FY09 & FY10 and 10% for other years for seed, feed, waste etc. @ Production target for FY13 includes Aus, Aman, Bor

The actual production of food grains during FY14 stood higher at 356.56 lakh metric tons compared to 350.88
lakh metric tons of FY13. Import of food grains (Rice & Wheat) during FY14 stood at 29.93 lakh metric tons
compared to 18.90 lakh metric tons of FY13. Stock of food grains (including transit stock) with the government
stood at 11.53 lakh metric tons at the end of June, 2014 which is 22.98 percent lower than the stock of 14.97 lakh
metric ton at the end of June 2013. During July-October, 2014-15 Import, Procurement and Food Stock of Rice
and Wheat is higher than that of the same period of the previous fiscal. However, Distribution of Rice and Wheat
during July-October, 2014-15 stands lower than that of the same period of the previous fiscal.
21

APPENDIX

Break-up of Fresh Opening, Settlement and Outstanding of Import LC

(In million USD)
Changes during July-October, 2014
over July-October, 2013
Fresh LCs Settlement Outstanding Fresh LCs Settlement Outstanding Fresh LCs Settlement Outstanding
opening
of LCs LCs at the end opening
of LCs LCs at the end opening
of LCs LCs at the end
of the period
of the period
of the period
July-October, 2014

Sectors / Commodities

A. Consumer goods

1726.96 1544.40

July-October, 2013

1747.18

1374.13

1527.98

1880.33

352.83

16.42

-133.15

Rice and wheat

626.99

415.36

438.96

482.68

561.43

420.59

144.31

-146.08

18.37

Sugar and salt

294.30

253.33

405.18

230.70

209.75

584.32

63.60

43.58

-179.15

94.71

89.44

103.56

66.02

84.68

78.35

28.68

4.76

25.21

Edible oil (refined)

152.87

225.13

342.13

137.72

144.85

317.82

15.15

80.28

24.31

All kinds of fruits

45.84

42.30

28.06

46.25

38.42

27.45

-0.41

3.87

0.61

Pulses

142.79

130.43

128.81

83.14

168.91

168.61

59.64

-38.48

-39.79

Onion

67.99

62.14

24.32

71.81

56.69

35.68

-3.81

5.46

-11.36

Spices

41.50

47.08

15.45

41.20

41.26

14.06

0.30

5.82

1.39

0.79

2.79

1.14

0.03

1.59

0.65

0.76

1.20

0.49

20.83

35.18

51.45

27.96

29.93

43.98

-7.13

5.25

7.47

238.36

241.22

208.11

186.62

190.47

188.82

51.74

50.74

19.29

910.26 1019.18

1170.37

928.60

1031.47

1186.11

-18.33

-12.29

-15.74

Milk food

Second hand clothings

Drugs and medicines(finished)
Others
B. Intermediate goods
Coal

0.30

13.86

6.91

10.98

76.00

18.87

-10.68

-62.14

-11.96

Cement

4.07

2.28

5.40

4.38

2.01

8.15

-0.31

0.27

-2.74

138.26

192.53

195.65

145.91

149.16

174.70

-7.66

43.37

20.94

B. P. sheet

93.92

74.08

105.66

89.69

84.51

114.00

4.23

-10.43

-8.34

Tin plate

13.36

12.68

5.52

8.97

9.35

3.94

4.39

3.33

1.58

Scrap Vessels

209.92

274.46

274.52

292.69

293.39

361.20

-82.77

-18.94

-86.68

Iron and steel scrap

130.78

106.56

186.93

76.65

127.39

142.17

54.13

-20.83

44.76

Non-ferrous metal

52.39

75.43

66.21

61.88

72.49

82.14

-9.50

2.94

-15.93

Paper and paper board

101.72

99.59

111.47

118.72

105.94

101.65

-17.00

-6.36

9.81

Others

165.55

167.72

212.10

118.72

111.22

179.29

46.83

56.50

32.82

5195.94 4953.41

7263.31

4612.43

4756.79

6821.87

583.51

196.62

441.44

Clinker & limestone

C. Industrial raw materials

Edible oil (Crude) & oil seeds

310.77

327.32

636.31

318.10

404.78

726.60

-7.32

-77.46

-90.29

Textile fabrics (B/B & others)

2122.96

1869.16

2831.93

1961.24

1905.48

2789.60

161.72

-36.32

42.33

Pharmaceutical raw materials

149.82

155.28

166.52

149.64

140.47

195.29

0.18

14.81

-28.77

Raw cotton

673.75

744.27

1013.23

600.02

763.38

901.97

73.73

-19.11

111.26

Cotton yarn

400.33

436.67

549.31

304.49

329.64

498.71

95.83

107.03

50.60

2.47

3.47

1.21

12.07

8.29

28.18

-9.60

-4.82

-26.97

215.04

216.41

261.91

157.87

166.55

270.33

57.17

49.85

-8.42

1320.80

1200.83

1802.89

1108.99

1038.21

1411.19

211.81

162.62

391.70

Copra
Synthetic fibre & yarn
Chemicals & chem. products

(contd. on page 23)

22

APPENDIX

Break-up of Fresh Opening, Settlement and Outstanding of Import LCs

Sectors / Commodities
D. Capital machinery

(In million US$)

Changes during July-October, 2014
July-October, 2014
July-October, 2013
over July-October, 2013
Fresh LCs Settlement Outstanding Fresh LCs Settlement Outstanding Fresh LCs Settlement Outstanding
opening of LCs LCs at the end opening of LCs LCs at the end opening of LCs LCs at the end
of the period
of the period
of the period
1044.43

917.20

4278.41

971.67

715.43

3265.87

Textile machinery

209.72

134.80

428.60

140.77

139.56

338.64

+68.95

-4.76

+89.97

Leather / tannery

3.77

1.98

5.24

2.86

1.18

5.81

+0.90

+0.79

-0.57

Jute industry

4.64

5.12

8.29

8.84

7.92

19.63

-4.20

-2.80

-11.34

162.85

125.06

492.60

168.20

134.37

317.30

-5.35

-9.31

+175.31

27.72

16.82

48.06

24.72

18.67

46.19

+3.00

-1.84

+1.86

3.40

1.05

6.99

3.90

3.66

12.23

-0.50

-2.61

-5.24

632.33

632.36

3288.63

622.37

410.07

2526.07

+9.96

+222.29

+762.56

1260.21

1338.96

2438.10 1399.92

1163.13

1873.77

-139.71 +175.84

+564.33

184.75

187.08

456.43

217.75

192.63

386.58

-33.01

-5.55

+69.85

2.84

2.78

74.27

3.69

4.27

44.44

-0.84

-1.50

+29.83

117.79

131.23

584.55

118.47

108.76

102.33

-0.69

+22.47

+482.22

48.70

65.58

36.46

51.13

35.99

66.85

-2.43

+29.58

-30.39

8.84

11.24

13.22

16.44

12.44

11.21

-7.60

-1.20

+2.01

Other iron and steel products

183.38

195.84

228.71

132.21

165.84

215.86

+51.17

+29.99

+12.85

Motor vehicles

218.99

217.41

230.51

221.86

173.63

218.19

-2.87

+43.78

+12.32

Other electronics components

41.01

49.27

73.22

39.01

47.81

38.81

+2.00

+1.46

+34.41

Tractors & power tiller

35.49

25.94

31.27

20.12

17.34

27.33

+15.37

+8.60

+3.94

418.42

452.61

709.46

579.24

404.40

762.18

-160.82

+48.20

-52.72

1417.48

1555.78

1388.80 1767.01

1152.06

1709.42

-349.53 +403.72

-320.62

Crude

223.72

355.66

628.99

612.78

321.24

789.53

-389.06

+34.42

-160.53

Refined

1193.76

1200.12

759.81

1154.23

830.81

919.89

+39.53

+369.30

-160.09

G. Others

2422.29

1612.32

3463.66 1424.67

1301.81

2398.66

+997.61 +310.50

+1065.00

1457.57

627.99

2475.21

518.26

501.36

1265.20

+939.31

+126.62

+1210.01

964.72

984.33

988.45

906.42

800.45

1133.45

+58.31

+183.88

-145.00

19136.02 +1499.14 +1292.58

+2613.81

Garment industry
Pharmaceutical industry
Packing industry
Other industry
E. Machinery for misc. inds.
Other machineries
Marine diesel engine
Computer & its accessories
Motor vehicle & motorcycle parts
Bicycle parts

Others
F. Petroleum & petro.prodts.

Commercial sector
Industrial sector
Total

13977.57 12941.24

of which back to back

2327.63

2140.64

21749.83 12478.44 11648.66

3152.57

2060.45

Source: Foreign Exchange Operations Department(FEOD), Bangladesh Bank.

Comments and suggestions may be sent to:

sayera.younus@bb.org.bd
mrabiul.islam@bb.org.bd
sadia.sultana@bb.org.bd
23

2007.63

3082.99

+72.75 +201.77

+267.18

+133.01

+1012.55

+69.59