Business Line: Export, Import and Indenting Service

Export, Import and Indenting

Export

IMPORT

INDENT and IMPORT

HMSEPL Is The #1 Construction, Engineering and Logistics Service Provider.

HMSEPL is dedicated to the overseas Export, Import, Indenting and Trading Business Consultancy. Since a long years of vital experience Representation Services, Outsourcing Services, Market Survey & Plan, Sales Agent’s Services, Sole Distributors Agency , for Foreign Company that in/out their Operations & Sales in Bangladesh.

Bangladesh Exports

Bangladesh is world’s second-biggest apparel exporter after China. Garments including knit wear and hosiery account for 80% of exports revenue; others include: jute goods, home textile, footwear and frozen shrimps and fish.

Advantage of Export from Bangladesh

Foreign trade is of vital importance to the economic development of Bangladesh.

PERFECT FOR ALL EXPORTED GOODS/ITEMS

The following types of Bangladeshi product shipments represent positive net exports or a trade balance surplus. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports.

In a nutshell, net exports represent the amount by which foreign spending on a home country’s goods or services exceeds or lags the home country’s spending on foreign goods or services.

1. Knit or crochet clothing, accessories: US$17.4 billion (Up by 4.2% since 2016)

2. Clothing, accessories (not knit or crochet): $16.4 billion (Down by -1.1%)

3. Miscellaneous textiles, worn clothing: $988 million (Up by 6.8%)

4. Footwear: $712.2 million (Down by -0.7%)

5. Fish: $608.0 million (Up by 5.8%)

6. Paper yarn, woven fabric: $571.5 million (Down by -10.3%)

7. Headgear: $279.5 million (Up by 6.5%)

8. Leather/animal gut articles: $190.1 million (Up by 23.1%)

9. Tobacco, manufactured substitutes: $79.3 million (Up by 11.7%)

10. Feathers, artificial flowers, hair: $21.7 million (Up by 30.5%)

Bangladesh has highly positive net exports in the international trade of apparel. In turn, these cashflows indicate Bangladesh’s strong competitive advantages under the two leading product categories.

Ref: http://www.worldstopexports.com/bangladeshs-top-10-exports/

Opportunities of Export from Bangladesh

Foreign trade is of vital importance to the economic development of Bangladesh.

MAKE YOUR GOODS FROM EXPORT OUT

Overall Bangladesh incurred a -$6.6 billion trade deficit during 2017, up by 80.9% from -$3.7 billion in 2016.

Below are exports from Bangladesh that result in negative net exports or product trade balance deficits. These negative net exports reveal product categories where foreign spending on home country Bangladesh’s goods trail Bangladeshi importer spending on foreign products.

1. Machinery including computers: -US$5.7 billion (Up by 8.3% since 2016)

2. Cotton: -$5.3 billion (Down by -1.6%)

3. Electrical machinery, equipment: -$3.4 billion (Up by 11.9%)

4. Mineral fuels including oil: -$3.1 billion (Up by 52.2%)

5. Cereals: -$2.2 billion (Up by 156.3%)

6. Iron, steel: -$2 billion (Down by -1.5%)

7. Plastics, plastic articles: -$1.8 billion (Down by -3.7%)

8. Animal/vegetable fats, oils, waxes: -$1.6 billion (Up by 13.1%)

9. Vehicles: -$1.6 billion (Up by 3.1%)

10. Manmade staple fibers: -$1.6 billion (Up by 4%)

Bangladesh has highly negative net exports and therefore deep international trade deficits for machinery including computers, notably knitting and stitch-bonding machines.

Ref: http://www.worldstopexports.com/bangladeshs-top-10-exports/

Analysis of Export

Foreign trade is of vital importance to the economic development of Bangladesh.

ANY KINDS OF PRODUCTS OF YOUR NEED

A South Asian nation physically located near economic powerhouses India and China, the People’s Republic of Bangladesh shipped US$39.6 billion worth of goods around the globe in 2017. That dollar amount reflects a 61.2% increase since 2013 and a 1.1% uptick from 2016 to 2017.

Based on estimates from the Central Intelligence Agency’s World Factbook, Bangladesh’s exported goods plus services represent 15.5% of total Bangladeshi economic output or Gross Domestic Product. Please note that the overall value of exported goods and services includes re-exports. The analysis below focuses on exported products only.

Given Bangladesh’s population of 157.8 million people, its total $39.6 billion in 2017 exports translates to roughly $250 for every resident in the West Asian country.

Bangladesh’s unemployment rate was an estimated 4.2% in 2017 down from 4.9% during 2016, according to Trading Economics.

Top 10 Asian Export Countries

Foreign trade is of vital importance to the economic development of Bangladesh.

MAKE YOUR PRODUCT FROM EXPORT OUT

Top 10 Asian Export Countries

Below are the top Asian exporting entities that achieved the highest dollar value in global shipments during 2017. Also shown is each country’s percentage value change from 2013 plus its overall share of Asia’s overall exports.

Rank	Exporter	Exports in US$	Since 2013	%Asia Total
1.	China	$2.263 trillion	+2.5%	30.9%
2.	Japan	$698.1 billion	-2.4%	9.5%
3.	South Korea	$573.7 billion	+2.5%	7.8%
4.	Hong Kong	$550.2 billion	+2.8%	7.5%
5.	Singapore	$373.3 billion	-9%	5.1%
6.	Taiwan	$317.7 billion	+4.3%	4.3%
7.	India	$295.8 billion	-12.1%	4%
8.	Vietnam	$265.1 billion	+100.8%	3.6%
9.	Thailand	$236 billion	+3.3%	3.2%
10.	Malaysia	$216.4 billion	-5.2%	3%

Bangladesh’s Top 10 Exports

In a nutshell, net exports represent the amount by which foreign spending on a home country’s goods or services exceeds or lags the home country’s spending on foreign goods or services.

Knit or crochet clothing, accessories: US$17.4 billion (Up by 4.2% since 2016)
Clothing, accessories (not knit or crochet): $16.4 billion (Down by -1.1%)
Miscellaneous textiles, worn clothing: $988 million (Up by 6.8%)
Footwear: $712.2 million (Down by -0.7%)
Fish: $608.0 million (Up by 5.8%)
Paper yarn, woven fabric: $571.5 million (Down by -10.3%)
Headgear: $279.5 million (Up by 6.5%)
Leather/animal gut articles: $190.1 million (Up by 23.1%)
Tobacco, manufactured substitutes: $79.3 million (Up by 11.7%)
Feathers, artificial flowers, hair: $21.7 million (Up by 30.5%)

Ref: http://www.worldstopexports.com/bangladeshs-top-10-exports/

Jute Goods

Jute Bags

Wood Lamp

Pure Honey

Electric Goods

Shrimp Fish

Garments Goods

Bangladesh Imports

Mostly petroleum and oil (11 percent of the total imports); textile (10 percent) and food items (9 percent). Others include: iron and steel (7 percent), edible oil (4 percent), chemicals (4 percent), yarn and plastic and rubber articles (4 percent). In 2013, imports of rice grains decreased substantially mainly due to adequate domestic supply of rice during the period.. This page provides the latest reported value for – Bangladesh Imports – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Bangladesh Imports – actual data, historical chart and calendar of releases – was last updated on February of 2019.

Ref: https://tradingeconomics.com/bangladesh/imports

Import of Machinery

The financial sector of Bangladesh is the second largest in the subcontinent. In the decade since 2004, Bangladesh averaged a GDP growth of 6.5%, that has been largely driven by its exports of ready made garments, remittances and the domestic agricultural sector.

IMPORTED GOODS FROM THE WORLD

In 2017, Bangladeshi importers spent the most on the following 10 subcategories of machines including computers:

1. Computers, optical readers: US$343.8 million (up 16.9% from 2016)

2. Knitting/stitching machines: $334.9 million (down -1.1%)

3. Yarn wash/clean/iron machines: $327.2 million (up 13.5%)

4. Engines (diesel): $226.3 million (up 80.6%)

5. Sewing machines, related furniture: $225.8 million (down -16.8%)

6. Miscellaneous machinery: $221.6 million (down -2.2%)

7. Turbo-jets: $210.3 million (up 77.9%)

8. Air or vacuum pumps: $205 million (down -7.6%)

9. Textile fiber work machines: $189.6 million (down -10%)

10. Printing machinery: $183.5 million (up 6.1%)

Among these import subcategories, Bangladesh’s purchases of diesel engines (up 80.6%), turbo-jets (up 77.9%) and computers including optical readers (up 16.9%) grew at the fastest pace from 2016 to 2017.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported machinery among Bangladeshi businesses and consumers.

Ref: http://www.worldstopexports.com/bangladeshs-top-10-imports/

Import of Cotton

IMPORTED GOODS FROM THE WORLD

In 2017, Bangladeshi importers spent the most on the following 10 subcategories of cotton and related products:

1. Cotton (uncarded, uncombed): US$1.3 billion (up 25.9% from 2016)

2. Woven fabrics (85%+ cotton): $1.2 billion (down -7.3%)

3. Woven cotton fabrics: $938.5 million (down -12.1%)

4. Yarn (85%+ cotton): $729.4 million (down -17.2%)

5. Woven fabrics (mixed): $722.1 million (up 23.3%)

6. Woven fabrics (under 85% cotton): $243 million (down -12.3%)

7. Yarn (under 85% cotton): $105.3 million (down -2%)

8. Other woven fabrics: $49.8 million (up 24.4%)

9. Cotton (carded, combed): $6.1 million (down -92.3%)

10. Cotton sewing thread: $823,000 (down -85.2%)

Among these import subcategories, Bangladesh’s purchases of uncarded and uncombed cotton (up 25.9%), other woven fabrics (up 24.4%) and mixed woven fabrics (up 23.3%) were the only categories to increase in value from 2016 to 2017.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported cotton among Bangladeshi businesses and consumers.

Ref: http://www.worldstopexports.com/bangladeshs-top-10-imports/

Import of Electronics

IMPORTED GOODS FROM THE WORLD

In 2017, Bangladeshi importers spent the most on the following 10 subcategories of electronic equipment including consumer electronics:

1. Phone system devices including smartphones: US$949.4 million (up 5.4% from 2016)

2. Electrical converters/power units: $314.7 million (up 39%)

3. Electric generating sets, converters: $284.2 million (up 50.5%)

4. Insulated wire/cable: $211.2 million (up 5.4%)

5. Electric storage batteries: $170 million (up 20.3%)

6. Unrecorded sound media: $161.2 million (up 34.4%)

7. Electrical/optical circuit boards, panels: $141.1 million (up 43.5%)

8. Electric motors, generators: $109.8 million (down -0.6%)

9. TV receivers/monitors/projectors: $103.3 million (down -36.1%)

10. Lower-voltage switches, fuses: $101.2 million (up 1.8%)

Among these import subcategories, Bangladesh’s purchases of electric generating sets or converters (up 50.5%), electrical or optical circuit boards and panels (up 43.5%) and electrical converters or power units (up 39%) grew at the fastest pace from 2016 to 2017.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported electronics among Bangladeshi businesses and consumers.

Ref: http://www.worldstopexports.com/bangladeshs-top-10-imports/

Import of Fuel

IMPORTED GOODS FROM THE WORLD

In 2017, Bangladeshi importers spent the most on the following 10 subcategories of mineral fuels-related products:

1. Processed petroleum oils: US$2.6 billion (up 42.1% from 2016)

2. Electrical energy: $238.4 million (up 408.8%)

3. Coal, solid fuels made from coal: $191.6 million (up 70.6%)

4. Petroleum gases: $105.5 million (up 73.2%)

5. Petroleum oil residues: $12.6 million (down -66.4%)

6. Petroleum jelly, mineral waxes: $7.3 million (down -9.8%)

7. Crude oil: $3 million (up 0.1%)

8. Coal tar oils (high temperature distillation): $2.5 million (up 13.3%)

9. Coke, semi-coke: $2.1 million (down -27.9%)

10. Distilled tar: $1.7 million (down -24.5%)

Among these import subcategories, Bangladesh’s purchases of electrical energy (up 408.8%), petroleum gases (up 73.2%) and coal including solid fuels made from coal (up 70.6%) grew at the fastest pace from 2016 to 2017.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of mineral fuels-related imports among Bangladeshi businesses and consumers.

Ref: http://www.worldstopexports.com/bangladeshs-top-10-imports/

Bangladesh’s Top 10 Imports

The following product groups represent the highest dollar value in Bangladesh’s import purchases during 2017. Also shown is the percentage share each product category represents in terms of overall imports into Bangladesh.

At the more granular four-digit Harmonized Tariff System (HTS) code level, Bangladesh spend the most on imported refined petroleum oils, raw cotton, woven fabrics made mainly from cotton, wheat, sugar, palm oil then mobile phones.

Machinery including computers: US$5.7 billion (12.4% of total imports)
Cotton: $5.3 billion (11.6%)
Electrical machinery, equipment: $3.5 billion (7.5%)
Mineral fuels including oil: $3.2 billion (6.8%)
Cereals: $2.2 billion (4.7%)
Iron, steel: $2 billion (4.4%)
Plastics, plastic articles: $1.9 billion (4.1%)
Vehicles : $1.7 billion (3.7%)
Animal/vegetable fats, oils, waxes: $1.6 billion (3.6%)
Manmade staple fibers: $1.6 billion (3.4%)

Bangladesh’s top 10 imports represent three-fifths (62.3%) of the overall value of its product purchases from other countries.

Cereals had the fastest-growing increase in value among the top 10 import categories, up by 153.8% from 2013 to 2017 due mostly to accelerated purchases of wheat, rice and corn.

In second place for improving import sales was the mineral fuels including oil category, up by 50.5%. Trailing that was Bangladeshi imports of animal or vegetable fats, oils and waxes which delivered a 12.9% gain.

Leading the decliners among the top 10 Bangladeshi imports year over year was plastics and plastic articles, posting a -3.1% drop over the 5-year period. Ref: http://www.worldstopexports.com/bangladeshs-top-10-exports/

Fresh Rice

Red Wheat

Generator Set

Water Pump

Bottom Steel Silo

Chemical Import

Fuel Import

Scrap & Wastage

Bangladesh Indenting

1. Order for goods (placed often through a local or foreign agent of a foreign supplier) under specified conditions of sale, the acceptance of which by the supplier (or the agent) constitutes a contract of sale.

2. Additional space by which the first line is shorter or longer than the rest of a paragraph.

Purchase indent

An internal company document used in the purchasing process to authorize the requisition of materials prior to initiating a purchase order. Purchase indents are audit documents used to track the movement of materials prior to their receipt by the buyer.

Purchase Intention

A plan to purchase a particular good or service in the future.

Purchase-Invoice

A commercial document or bill presented to a buyer by a seller or service provider for payment within a stated time frame that indicates what has been purchased, in what amount and for what price. A purchase invoice can be used to prove that something was bought and how much was paid for it.

Purchase-Ledger

Preserves a record of goods and services that a company buys on credit.

Purchase-Method

This determines the fair market value of a stock in reference to actual price of the stock.

Purchase Money Mortgage – PMM

Loan agreement under which a purchaser of a property pledges it to the seller for the unpaid balance of the purchase price. This method is used commonly where the purchaser does not qualify for a bank loan.

Purchase Mortgage Market

The market in which home purchases are financed. The purchase mortgage market is one aspect of the primary mortgage market, the other being the refinance mortgage market, where the terms of existing mortgages are changed through the origination of a new mortgage agreement.

Purchase Option

Lease agreement under which the lessee has the option of purchasing the leased asset at a specified price at the end of the lease term.

Purchase Order

A buyer-generated document that authorizes a purchase transaction. When accepted by the seller, it becomes a contract binding on both parties.
A purchase order sets forth the descriptions, quantities, prices, discounts, payment terms, date of performance or shipment, other associated terms and conditions, and identifies a specific seller. Also called order.

Purchase Outright

To pay the full purchase price amount in cash.

Purchase Price Variance

The difference for an item or service between the amount per unit actually paid and the budgeted amount per unit multiplied by the number of units bought. The purchase price variance of input materials can significantly affect production costs for a manufacturing business that does not have control over the cost of its production inputs.

Purchase Request

Alternative term for purchase requisition.

Purchase Requisition

Document generated by a user department or storeroom-personnel to notify the purchasing department of items it needs to order, their quantity, and the timeframe. It may also contain the authorization to proceed with the purchase. Also called purchase request or requisition.

Purchase Returns and Allowances

Contra-account used for recording the return of, or allowances made for, goods not wanted by the customers.

Purchase Specification

Detailed description of the measurable characteristics desired in an item to be purchased, such as quality, size, weight, performance parameters, safety requirements, etc.

Purchase With Purchase

Sales promotion technique in which the buyer is offered an option of buying another item at a reduced price.

Purchased Service

The service time Canadian pensioners can buy to add on to their pensions. The purpose is to compensate for periods, such as maternity leave, paternity leave and military service, when they were ineligible for pension benefits.

Purchaser

Person or entity that is a recipient of a good or service provided by a seller under a purchase order or contract of sale. Also called buyer.

Purchaser in Good Faith

1. Entity that purchases something for value without notice of another’s claim on it, or of any defects in the seller’s title, and pays valuable consideration in exchange.
2. Party that buys a property for its own use, and is not representing the interests of a third (known or unknown) party. Also called bona fide buyer or bona fide purchaser.

Purchases Account

Ledger account in which all inventory purchases are recorded; used generally with periodic inventory method.

Purchases Discounts

When a sale transaction has occurred, an additional cost is taken off the original price of the item.

Purchases Returns and Allowances

A company policy that allows customers to return an item that was purchased if it was damaged or unused.

Purchasing
The activity of acquiring goods or services to accomplish the goals of an organization.
The major objectives of purchasing are to

(1) maintain the quality and value of a company’s products,

(2) minimize cash tied-up in inventory,

(3) maintain the flow of inputs to maintain the flow of outputs, and

(4) strengthen the organization’s competitive position. Purchasing may also involve

(a) development and review of the product specifications,

(b) receipt and processing of requisitions,

(d) bid evaluation,

(e) award of supply contracts,

(f) inspection of good received, and

(g) their appropriate storage and release.

Purchasing Agent

Administrator who assists in selection and purchase of goods and services by gathering and screening information about products, prices, and suppliers. He or she may also solicit bids from vendors and make awards of purchasing contracts.

Purchasing Lead Time

Interval between a decision to purchase an item and its receipt at the warehouse or stores. It is the total of order preparation time, order release time, supplier lead time, shipping or transit time, and receiving, inspection, and put-away time.

Purchasing Manager

An individual in a company who has the responsibility of purchasing the items required by the company. The purchasing manager is typically in charge of purchasing whatever the company needs, from regular office supplies, to the materials that would be used to manufacture the company’s products. In larger companies, the purchasing manager’s role will sometimes be more supervisory, with other employees in charge of placing the orders.

Purchasing Power

1. General: Extent to which a person, firm, or group has available funds to make purchases.
2. Economics: (1) Money and credit available for spending and consumption of goods and services. Demand and prices cannot rise beyond the available purchasing power. Also called buying power. (2) Exchange rates: Value of money (currency) measured by the quantity and quality of goods and services it can buy.

Risk , Policy, Third-Party insurance, Letter of Indent, Employer’s liabilities, Insurance, Force Majeure

Ref: http://www.businessdictionary.com/definition/purchase-indent.html

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