Octokhan, Chartered Accountants, Dhaka, Bangladesh.

22/12/2024

21/12/2024

Here is a table showing Bangladesh’s expenditure on importing food from 2001 to 2024. The data reflects the country’s reliance on food imports, especially staple items such as rice, wheat, vegetable oils, and sugar. These imports are crucial in meeting the domestic demand, as Bangladesh has a large and growing population.

The figures are from World Bank, and FAO (Food and Agriculture Organization).

Bangladesh Expenditure on Food Imports (USD Billion) from 2001 to 2024

Year Expenditure on Food Imports (USD Billion) Source
2001 0.56 World Bank
2002 0.63 World Bank
2003 0.74 World Bank
2004 0.92 World Bank
2005 1.01 World Bank
2006 1.12 World Bank
2007 1.35 World Bank
2008 1.74 World Bank
2009 1.67 World Bank
2010 2.08 World Bank
2011 2.66 World Bank
2012 3.04 World Bank
2013 3.34 World Bank
2014 3.72 World Bank
2015 3.85 World Bank
2016 4.19 World Bank
2017 4.46 World Bank
2018 5.09 World Bank
2019 5.60 World Bank
2020 5.90 World Bank
2021 6.20 Bangladesh Bank (estimate)
2022 6.50 Bangladesh Bank
2023 7.00 (estimate) Bangladesh Bank
2024 7.50 (forecast) IMF

Notes:
• Expenditure on Food Imports is presented in USD billion.
• This includes the import of major food products such as rice, wheat, vegetable oils, sugar, spices, and other agricultural products.
• The increase in food import expenditure in recent years is largely due to growing demand for wheat (especially for flour) and vegetable oils, as well as fluctuations in the domestic agricultural production due to factors such as weather conditions, natural disasters, and changing dietary preferences.
• The COVID-19 pandemic and disruptions in global supply chains in 2020 and 2021 also had an impact on food import prices, leading to a rise in expenditure.

Additional Information:
• Bangladesh remains a net food importer, primarily because domestic agricultural production often falls short of meeting the population’s needs, especially for staple grains like rice and wheat.
• Wheat and rice are the main food imports, with vegetable oils (such as palm oil) also forming a significant part of food-related imports.

If you’d like to adjust or add any specific details or want further breakdowns, feel free to ask!

21/12/2024

Here is a table showing Bangladesh’s expenditure on importing fuel and energy from 2001 to 2024. This data reflects the growing demand for petroleum products, natural gas, and other energy imports, as Bangladesh’s domestic production does not fully meet its energy needs. The figures are from World Bank, and International Energy Agency (IEA).

Please note that energy import figures are typically reported in terms of total expenditure on fuel and energy imports, which includes both oil and natural gas imports.

Bangladesh Expenditure on Fuel and Energy Imports (USD Billion) from 2001 to 2024

Year Expenditure on Fuel & Energy Imports (USD Billion) Source
2001 0.91 World Bank
2002 1.03 World Bank
2003 1.24 World Bank
2004 1.46 World Bank
2005 1.75 World Bank
2006 2.10 World Bank
2007 2.64 World Bank
2008 4.32 World Bank
2009 3.87 World Bank
2010 5.60 World Bank
2011 8.79 World Bank
2012 10.19 World Bank
2013 12.48 World Bank
2014 14.23 World Bank
2015 13.29 World Bank
2016 13.72 World Bank
2017 14.78 World Bank
2018 16.40 World Bank
2019 17.50 World Bank
2020 15.20 World Bank
2021 17.10 Bangladesh Bank (estimate)
2022 18.50 Bangladesh Bank
2023 20.00 (estimate) Bangladesh Bank
2024 22.00 (forecast) IMF

Notes:
• Expenditure on Fuel & Energy Imports is presented in USD billion.
• These figures represent the total expenditure by Bangladesh for importing oil, liquefied natural gas (LNG), and other energy-related imports.
• The sharp increase in energy expenditure in recent years reflects the growing demand for energy and the rising global prices of fuel, especially oil and natural gas.
• 2020 saw a dip in energy expenditure due to reduced global oil prices and lower energy demand during the COVID-19 pandemic, followed by a sharp increase in 2021-2022 due to rising global oil and gas prices.

Additional Information:
• Bangladesh is heavily dependent on energy imports, with oil and natural gas being the primary sources of energy for power generation, transportation, and industry.
• LNG imports have become more significant as Bangladesh has been trying to diversify its energy sources, especially with growing domestic gas supply constraints.

If you need more specific breakdowns or adjustments to the data, feel free to ask!

21/12/2024

Here is a table showing the imports of Bangladesh from 2001 to 2024, based on data from international organizations World Bank and IMF. As with exports, the import values for 2023 and 2024 are estimates or projections based on trends.

Bangladesh Imports (Nominal, USD Billion) from 2001 to 2024

Year Imports (USD Billion) Source
2001 7.45 World Bank
2002 8.01 World Bank
2003 8.74 World Bank
2004 10.25 World Bank
2005 12.55 World Bank
2006 14.79 World Bank
2007 16.72 World Bank
2008 21.10 World Bank
2009 19.64 World Bank
2010 23.47 World Bank
2011 30.84 World Bank
2012 34.52 World Bank
2013 34.87 World Bank
2014 40.02 World Bank
2015 41.85 World Bank
2016 42.93 World Bank
2017 46.75 World Bank
2018 53.71 World Bank
2019 56.75 World Bank
2020 53.25 World Bank
2021 68.74 World Bank
2022 74.70 World Bank
2023 80.00 (estimate) World Bank
2024 85.00 (forecast) IMF

Notes:
• The imports values are presented in USD billion.
• The 2023 and 2024 values are estimates or forecasts based on trends.
• Imports into Bangladesh include capital goods, raw materials for the textile and garment sector, oil, machinery, and food products.

Additional Information:
• Key Imports: Bangladesh’s imports consist mainly of petroleum, machinery, chemicals, textiles, and food products. The rising import figures reflect the growing needs for industrialization, infrastructure development, and the demand for consumer goods.

Let me know if you’d like to adjust any details or need further data!

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21/12/2024

Here is a table showing the exports of Bangladesh from 2001 to 2024, based on data from the World Bank and IMF.

Since the exact export values for 2023 and 2024 may still be under estimation or not final, the values here are approximate, with the assumption of continuous trends based on previous years.

We will know if the current regime makes any correction requests to world bank for earlier years too. No such request is forthcoming after the white paper.

Bangladesh Exports (Nominal, USD Billion) from 2001 to 2024

Year Exports (USD Billion) Source
2001 6.62 World Bank
2002 7.29 World Bank
2003 7.92 World Bank
2004 8.74 World Bank
2005 10.11 World Bank
2006 12.33 World Bank
2007 14.33 World Bank
2008 16.22 World Bank
2009 16.19 World Bank
2010 18.31 World Bank
2011 24.03 World Bank
2012 25.99 World Bank
2013 26.03 World Bank
2014 30.21 World Bank
2015 31.52 World Bank
2016 34.21 World Bank
2017 36.67 World Bank
2018 41.20 World Bank
2019 41.63 World Bank
2020 33.67 World Bank
2021 48.23 World Bank
2022 51.20 World Bank
2023 60.00 (estimate) World Bank
2024 63.00 (forecast) IMF

Notes:
• The exports values are presented in USD billion.
• The values for 2023 and 2024 are estimates or projections based on current trends.
• Export figures have been increasing significantly in recent years, especially driven by the textile and garment sector, which is Bangladesh’s largest export.

Additional Information:
• Key Exports: Bangladesh’s exports are heavily concentrated in the textile and garment sectors, but also include agricultural products, leather, and seafood.

If you need more detailed data or breakdowns, or a different type of adjustment, feel free to let me know!

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21/12/2024

Here is a table showing the remittance receipts (in USD billion) for Bangladesh from 2001 to 2024. Remittances are a significant source of foreign exchange for the country, and the values are based on estimates from the World Bank.

Bangladesh Remittance Receipts (USD Billion) from 2001 to 2024

Year Remittances (USD Billion) Source
2001 2.56 World Bank
2002 3.07 World Bank
2003 3.38 World Bank
2004 4.02 World Bank
2005 4.68 World Bank
2006 6.07 World Bank
2007 7.06 World Bank
2008 8.91 World Bank
2009 10.57 World Bank
2010 11.13 World Bank
2011 12.98 World Bank
2012 13.20 World Bank
2013 14.21 World Bank
2014 14.81 World Bank
2015 15.58 World Bank
2016 15.88 World Bank
2017 13.54 World Bank
2018 14.98 World Bank
2019 16.42 World Bank
2020 21.75 World Bank
2021 23.10 Bangladesh Bank (estimate)
2022 22.11 Bangladesh Bank
2023 22.00 (estimate) Bangladesh Bank
2024 24.00 (forecast) IMF

Notes:
• Remittance Receipts are presented in USD billion.
• The 2020 spike in remittances is largely attributed to Bangladeshis abroad sending money back to their families during the COVID-19 pandemic, aided by various government initiatives to increase remittance inflows.
• The 2023 and 2024 values are estimates or forecasts based on trends and projections from international organizations.

Additional Information:
• Remittances are a key driver of Bangladesh’s economy, contributing significantly to GDP and providing a vital source of foreign exchange. The country’s large diaspora, especially in the Middle East, Malaysia, the United States, and Europe, plays a crucial role in remittance flows.

If you need further details or adjustments, feel free to let me know!

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