Overall import in first half of July declines
Tuesday, 17 July 2007
FE Report
The overall import in the first half of the first month of the current fiscal (2007-08) has fallen compared to the corresponding period of the last fiscal following less import of some essential food items.
Businessmen imported goods worth US$ 496.47 million during the first two weeks of July while the import volume in the corresponding period of the last fiscal (2006-07) was $530.94 million, the central bank sources said.
The Bangladesh Bank (BB) sources said import of rice, wheat, sugar and edible oil went down enormously in the first half of July.
The importers brought rice worth $9.10 million, wheat worth $0.29 million, sugar worth $6.12 million and edible oil (crude and refined) worth $15.29 million to Bangladesh from abroad during the first half of July.
However, during the corresponding period of the previous month (June), the businessmen imported rice worth $15.78 million, wheat worth $26.95 million, sugar worth 32.49 million and edible oil (crude and refined) worth $30.95 million.
A senior BB official said as the locally produced Boro rice is available in the market now, import of rice and wheat declined over the last couple of weeks.
Meanwhile, import of another dear food item, pulse, has increased in the first two weeks of July. The businessmen imported pulses worth $22.94 million during the period while the import in the corresponding period of last month (June) was worth $5.50 million only.
Besides, imports of raw materials for ready-made garments (RMG) and pharmaceutical industries and capital machinery were satisfactory in the first half of July. During the period, the entrepreneurs imported raw cotton worth $32.35 million, synthetic/mixed yearn worth $5.35 million, cotton yarn worth $ 3.87 million, textile fabrics worth $1.58 million, textile accessories worth $0.83 million, fabrics worth $ 59.96 million, yarn worth $15.12 million, accessories worth $21.38 million, pharmaceutical raw materials worth $5.63 million and capital machinery worth $ 50.69 million, the central bank sources said.
According to BB statistics, apart from the total import of $496.47 million during the first half of July, the importers also opened letters of credit (LCs) worth $576.42 million in order to import different products from the international market.
In the last fiscal (2006-07), the country imported different goods worth $15.903 billion.
The overall import in the first half of the first month of the current fiscal (2007-08) has fallen compared to the corresponding period of the last fiscal following less import of some essential food items.
Businessmen imported goods worth US$ 496.47 million during the first two weeks of July while the import volume in the corresponding period of the last fiscal (2006-07) was $530.94 million, the central bank sources said.
The Bangladesh Bank (BB) sources said import of rice, wheat, sugar and edible oil went down enormously in the first half of July.
The importers brought rice worth $9.10 million, wheat worth $0.29 million, sugar worth $6.12 million and edible oil (crude and refined) worth $15.29 million to Bangladesh from abroad during the first half of July.
However, during the corresponding period of the previous month (June), the businessmen imported rice worth $15.78 million, wheat worth $26.95 million, sugar worth 32.49 million and edible oil (crude and refined) worth $30.95 million.
A senior BB official said as the locally produced Boro rice is available in the market now, import of rice and wheat declined over the last couple of weeks.
Meanwhile, import of another dear food item, pulse, has increased in the first two weeks of July. The businessmen imported pulses worth $22.94 million during the period while the import in the corresponding period of last month (June) was worth $5.50 million only.
Besides, imports of raw materials for ready-made garments (RMG) and pharmaceutical industries and capital machinery were satisfactory in the first half of July. During the period, the entrepreneurs imported raw cotton worth $32.35 million, synthetic/mixed yearn worth $5.35 million, cotton yarn worth $ 3.87 million, textile fabrics worth $1.58 million, textile accessories worth $0.83 million, fabrics worth $ 59.96 million, yarn worth $15.12 million, accessories worth $21.38 million, pharmaceutical raw materials worth $5.63 million and capital machinery worth $ 50.69 million, the central bank sources said.
According to BB statistics, apart from the total import of $496.47 million during the first half of July, the importers also opened letters of credit (LCs) worth $576.42 million in order to import different products from the international market.
In the last fiscal (2006-07), the country imported different goods worth $15.903 billion.