Exports increase 12.71% to Rs 2.88t

Exports increase 12.71% to Rs 2.88t

F.P. Report

ISLAMABAD: Exports from the country, in rupee term, increased by 12.71 per cent during the first ten months of the current fiscal year as compared to the corresponding period of last fiscal year, Pakistan Bureau of Statistics (PBS) reported.

The exports from the country during July– April (2019-2020) were recorded at Rs 2883,787 million as against Rs 2,558,582 million during the corresponding period of last year, showing an increase of 12.71 per cent, according to provisional data released by PBS.

However, on year-on-year basis, the exports from the country decreased by 46.62 percent in April 2020 as compared to the exports of April 2019. The exports in April 2020 were recorded at Rs157,412 million as against the exports of Rs 294,883 million during April, 2019.

Likewise, the exports on month-on-month basis decreased by 45.23 percent in April 2020 when compared to the exports of Rs287,411 million in March, 2020.

The main commodities of exports during April, 2020 were rice others (Rs. 21,663 million), knitwear (Rs. 15,173 million), Basmati rice (Rs. 15,012 million), bed wear (Rs. 12,628 million), readymade garments (Rs. 10,096 million), cotton cloth (Rs. 8,888 million), cotton yarn (Rs. 6,376 million), fish & fish freparation (Rs. 4,554 million), plastic materials (Rs. 4,402 million) and meat and meat preparations (Rs. 4,047 million).

On the other hand, imports during July – April (2019 – 2020) were recorded at Rs 5,965,492 million as against Rs 6,036,561 million during the corresponding period of last year, showing a decrease of 1.18 per cent.

The imports into the country during April, 2020 amounted to Rs. 526,880 million as against Rs525,410 million in March, 2020 and Rs. 665,418 million during April 2019, showing an increase of 0.28 per cent over March, 2020 but a decrease of 20.82 per cent over April 2019.

The main commodities of imports during April, 2020 were petroleum products (Rs. 56,508 million), palm oil (Rs. 31,208 million), electrical machinery and apparatus (Rs. 27,667 million), natural gas, liquefied (Rs. 24,896 million), plastic materials (Rs. 23,910 million), raw cotton (Rs. 19,354 million), iron and steel scrap (Rs. 17,300 million) Iron and steel (Rs. 15,936 million), medicinal products (Rs. 12,222 million) and pulses (Rs. 10,340 million).

Meanwhile, Readymade Garments exports during first ten months of current financial year grew by 2.06% as compared to the exports of the corresponding period of last year.

During the period from July-April 2019, Readymade Garments worth $2,231,915 thousand exported as compared to the exports of $2,186,902 thousand of same period of last year.

According the data released by the Pakistan Bureau of Statistics, the exports of tent, canvas and tarpulin increased by 7.51%.

Tents, canvas and tarpulin valuing $78,556 thousand exported as compared to worth $73,067 thousand of same period of last year.

Meanwhile, Srt, silk and synthetic textile worth $272,922 thousand were also exported in first ten months of current financial year as compared to the exports of valuing $249,077 thousand of same period of last year.

During the period under review, Other textile Materials exports of the country also recorded positive growth of 16.48%.

Other Textile Materials worth $380,171 thousand was exported as compared to the exports of $326,394 thousand of same period of last year.

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