Any new update on this issue? We are facing the same problem and I did not see any solution for it in here.
Unfortunately, I simply cannot replicate the issue. I have tested it on every version of centos 5.6 to 6.4. The issue lies with your server and its configuration interfering with the export file. Which is strange as the REPLACE function is a basic one thats been in mysql forever.
The only thing I can suggest is to alter both database users to grant all privileges on all databases for the import process, then flush the perms.