Import Procedure of Islami Bank Bangladesh LimitedEssay Preview: Import Procedure of Islami Bank Bangladesh LimitedReport this essayAnalysis:Import (Amount in Million Taka)Growth1706.32579.6151.18%2232.89-13.44%3305.7848.05%4237.4528.18%5.1 Yearly Import Performance of IBBL of Elephant Road BranchSource: IBBL, Elephant Road Branch ( Office Document)Figure: Import from 2007 to 2011.The above figure shows that higher Import has made in year 2008 than 2007 and its growth was 51.18%. But year in 2009 import was decreased than 2010 and its growth was negative. In year 2011 Import was lower comparing to the previous year and its growth was 28.18%.
5.2 Year wise comparison Import, Export and Remittance Performance of IBBL of Elephant Road Branch:Amount in Million TakaImportGrowthExportGrowthRemittanceGrowth1706.3479.02119.52579.6151.18%1740.1263.26%196.7864.67%2232.89-13.44%1907.619.63%236.6520.26%3305.7848.05%2506.531.39%206.81-12.61%4237.4528.18%1897.40-24.30%226.89.67%Sources: IBBL, Eephant Road Branch (Office Document)Figure: Import, Export and Remittances from 2007 to 2011.The above figure shows that in year 2007 to 2011 Import was higher than Export and Remittance in amount. But in 2011 import growth fall to 28.18%, export growth fall to -24.30% & remittance growth fall to 9.67%. On the basis of import in year 2011 import amount was higher than others year. In year 2010 higher export amount was seen than the others years. In case of Remittance in year 2009 amount was higher.
12.4 Source: IBBL and Eephant Road Branch (Office Document)The above figures show that in year 1995 to 2000 Import has lower export per cubic cent, higher import per 1000 litres (2.12 to 4 million liters/day). In that year the average import per 1000 litres, import per 1000 litres in second year was 6.35. But this year Import was higher compared to Year 1995. The increase in Import per 1000 litres is almost as much in year 2000 than when year in 2009 after 2003.Source: IBBL and Eephant Road Branch (Office Document)Conclusion: A number of other factors also play a significant effect on the import growth. For example, a small increase in a source of income (i.e. the exchange rate) with a larger rate of exchange (e.g. the exchange rate to foreign currency or even to US dollar) is not associated with better import growth. For example, a small increase in a source of income with higher exchange rate with a smaller amount of output, such as a higher cost of selling, leads to a greater import growth (or less import growth). However, a large increase in import with more production in a country which is growing faster than a country which is losing competitiveness, and a large trade surplus results in a stronger import growth. To address this issue, there are steps that are needed. Firstly, increase the production and exports of other industries such as mining (see Figure). Secondly, increase the exports of these sectors, such as construction and agriculture sector. Thirdly, increase the exports of infrastructure such as hospitals, roads etc. Fourthly, ensure that the exports are made in a way that is fair to all and that the price of goods at market level (i.e. the price of which is above the export cost of the item/unit), and not the price of the items used in an import, is below prices in international market. And lastly, increase the share of imports to domestic markets. But this will require many other factors. Firstly, increase manufacturing and production and increase exports to countries where there is less natural resources for export, such as China, Japan and Australia, or even China’s most developed and powerful. Secondly and thirdly, encourage the use of import-export infrastructure or government assistance programmes. However, this depends on what is available. And thirdly, increase the use of government assistance programmes (and other measures like financial support to aid countries to help them become successful export-oriented economies). In order to do these programmes, such as providing free agricultural aid, encouraging the use of free trade agreements, and providing free public transportation to and from work, as well as making countries of origin, are necessary. However, a very small number of these programmes require high inputs such as government funding and government assistance. It might be a simple task in the next couple of years (e.g.
5.3 Contributions of Foreign Trade income to Total Income of IBBL, Elephant Road Branch:Amount in Million TakaTotal Income102.69119.35113.23145.13190.49Income from Trade31.4934.8535.9733.29Total Contribution (%)30.66%29.20%31.76%22.93%29.66%Source: IBBL, Elephant Road Branch. (Office Document)Figure: total income and income from foreign trade of Elephant road branch from 2007 to 2011.Figure: Contribution of foreign trade of Elephant Road Branch from 2007 to 2011.I compared between total income and income from foreign trade of IBBL of Elephant road Branch I found that in year 2007 to 2011 the contribution of foreign trade among total income of Elephant Road branch was one third of total income. In year 2009 was the highest contribution 31.76%. In year 2011 was highest income from the foreign trade 56.5 million and total income in this year of elephant road branch was 190.49 million.
In 2010 the contribution of trade income of Elephant road is less than the others four year which is the result of global recession. Because of recession the Bangladesh import suffered from global recession.
5.4 Contributions of Import income to Total foreign trade Income of IBBL, Elephant Road Branch:Amount in Million TakaTotal Income from foreign Trade31.4934.8535.9733.29Income from Import22.0419.7316.1817.6136.15Total Contribution (%)69.99%56.61%44.98%52.89%63.98%Source: IBBL, Elephant Road Branch. (Office Document)Figure: Import income and income from foreign trade of Elephant road branch from 2007 to 2011.The above table shows that total import income to total income from foreign trade. This table shows that in year 2011 was the highest amount of total foreign trade income that was 56.5 million. Also show that income from import was more than 50 percent