Exports

An export is a function of international trade whereby goods produced in one country are shipped to another country for
future sale or trade.
Export divide into two part - i) Annual export ii)Monthly export
Annual exports shows that the annual export rate is increasing day by day.On the other hand monthly exports shows that
some month monthly export rate is high and next month derease.After decreasing the monthly export rate rise again.
Here,export is increasing which is really good for Bangladesh Bank.If this bank continue with export rate rising that helps to
achieve the goal of the company.
A. Annual exports USD in billion

2015-16 2016-17*R 2017-18*

34257.18 34655.90 36668.17
(+9.77) (+1.16) (+5.81)

In 2015-16,the annual export is USD 34.25 billion and in 2016-17 that is increase USD 34.65 billion and in 2017-
18,that us raised USD 36.68.

Workers’ remittances
A remittance is funding that is sent or transferred to another party, usually one in another country.
Remittances can be sent via a wire transfer, mail, draft.
In the following chart,there is shown annual and monthy trends of remittances.

Annual trends of remittances

(USD in million)

2015-16 2016-17 2017-18

Annual
Remittances 14931.18 12769.45 14981.69
l (-2.52) (-14.48) (+17.32)
Source : Statistics Department, Bangladesh Bank .

Total receipts of workers’ remittances during FY19 increased by USD 1.44 billion or 9.62 percent and stood at USD
16.42 billion against USD 14.98 billion of FY18. Receipt of workers’ remittances in June 2019 stood decrease at USD
1.37 billion against USD 1.75 billion of May, 2019 and USD 1.38 billion of June 2018.
 Balance of payments (BOP)
The balance of payments, also known as balance of international payments and abbreviated B.O.P. or
BoP, of a country is the record of all economic transactions between the residents of the country and the
rest of the world in a particular period of time (e.g., a quarter of a year).
In the following chart, there shows many particulars balance of payment.
(USD in million)
July-May,201
P R
Particulars July-May, 2018-19 July-May, 2017-18 6-17
Trade balance -14658 -17156 -16274
Exports f.o.b(including EPZ) 37189 33369 33441
Imports f.o.b(including EPZ) 51847 50525 39715
Services -3239 -3164 -2793
Credit 6346 4197 3530
Debit 9585 7361 6323
Primary income -2753 -2256 -2587
Credit 176 136 103
Debit 2929 2392 2685
Of which:Official interest payment 746 528 l425
Secondary income 15475 13967 15355
Official transfers 22 46 68
Private transfers 15453 13921 15287
of which : Workers' remittances ( current a/c. portion) 14852 13331 14717

Current account balance -5175 -8609 3706

Capital account 217 263 478
Capital transfers 217 263 478

Financial account 4847 7953 5380

i) Foreign direct investment(net)* 2067 1542 1610
ii) Portfolio investment (net) 162 343 2001
of which : Workers' remittances ( financial a/c. portion) 207 266 124
iii) Other investment(net) 2618 6068 2904
Medium and long-term (MLT) loans 4975 4382 5036
MLT amortization payments 1026 1031 849
Other long-term loans (net) 1141 170 347
Other short-term loans (net) 98 1785 329
Trade credit (net) -2705 -1185 -2110
DMBs & NBDCs(net) 135 1947 124
Assets 547 -277 -758
Liabilities 682 1670 850
Errors and omissions -571 -577 -435
-
Overall balance -682 -970 758
Reserve assets 682 970 347
Bangladesh Bank(net) 682 970 329
Assets -1393 -1304 -1024
Liabilities -711 -334 -286
Source : Statistics Department, Bangladesh Bank .
Note:- Both of exports and imports are compiled on the basis of customs data. P=Provisional; R = Revised.
* FDI is calculated as net, deducting disinvestment, repayments of loans & loss.

Trade balance recorded a lower shortage of USD 14.66 billion during July-May, 2018-19 as compared to
the higher shortage of USD 17.16 billion during July-May, 2017-18 and in 2016-17 that is lower stortage
USD 16.27 billion. Current account balance has improved to lower shortage mainly due to lower trade
shortage and higher inflow of workers’ remittances. Overall balance incurred a shortage of USD 0.68
billion during July-May, 2018-19 as compared to the shortage of USD 0.97 billion during July-May,
2017-18 and as compared to 2016-17 the shortage is USD .75 billion.