State of the Bangladesh Economy in FY2023-24 (First Reading)
Independent Review of
RBD
Bangladesh's Development
Export performance scenario: A growing data discrepancy
☐ The gap between EPB data and Bangladesh Bank
figure for flow of export earnings is increasing in
recent past: from USD 2.1 billion in FY15 to USD 12.1
billion in FY23.
This high variance cannot be explained by discounts
or cancellations of orders by the buyers.
☐ The increasingly widening gap is alarming.
➤ Is repatriation of export earnings to Bangladesh
being deferred because of anticipated further
currency depreciation?
➤ Is it a reflection of the capital flight through
trading channels and export mispricing and
underinvoicing?
CPD (2023): State of the Bangladesh Economy in FY2023-24 (First Reading)
Figure 5.1: Export of Bangladesh according to
EPB and Bangladesh Bank
in Billion USD
60
Bangladesh's Export
55.6
40.5
33.7
43.4
35.3
31.3
50
40
31.2
30
29.2
20
10
0
FY FY FY FY FY
2013 2014 2015 2016 2017
FY FY FY FY FY FY
2018 2019 2020 2021 2022 2023
Year
Exports earnings based on EPB
Exports earnings based on BB
Source: Extracted from EPB (2023) and Bangladesh Bank (2023).
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