There is a large discrepancy between actual exports and data provided by the government agency Export Promotion Bureau (EPB). In the last 23 months, the company has shown more exports of 26.40 billion dollars. This came to light after Bangladesh Bank released actual export data.
Bangladesh Bank released the actual export data for the financial years 2022-23 and 2023-24 on Thursday (August 29). It showed that in the fiscal year 2023-24, the exports decreased by 5.90 percent to 40.81 billion dollars compared to the previous fiscal year.
EPB last released export data last May. The company had shown exports of $107.10 billion in 23 months, although the actual exports were $80.70 billion. Exports in 23 months showed a high of 26.40 billion dollars.
Under pressure from the IMF, Bangladesh Bank started publishing monthly actual export data last April. After that, a large discrepancy was found in the EPB data. EPB has since stopped publishing export data. The company usually publishes the information in the week following the end of each month. But even though August is coming to an end, the information of June has not been published so far.
