Transport services’ exports earn over $ 425 million

F.P. Report

ISLAMABAD: The exports of various transport services earned $425.639 million for the country during the first seven months of the current fiscal year (2018-19).

However, as compared to the $572.050 million exports of last year, the exports of transport services during the July-January (2018-19) witnessed negative growth of 25.46 percent, according to the latest data of Pakistan Bureau of Statistics (PBS).

The transport services, which contributed in negative growth included air transport services, exports of which declined by 31.81 percent, from $523.610 million last year to $357.030 million during the current year.

Among the air transport, the passenger services exports decreased by 37.89 percent, freight services exports by 64.21 percent while the trade of other air transport services declined by 19.63 percent.

On the other hand, the road transport services exports slipped by 1.3 percent, from $38.660 million last year to $38.159 million during the current year.

This decline in exports was witnessed only in freight exports while there was no trade in passenger service exports and other road transport services.

Meanwhile, the exports of sea transport services exports surged by 225.85 percent during the period under review as it went up from $7.350 million to $23.950 million.

Among the sea transport, the freight services increased by 3020 percent whereas there was no trade in passenger services.

The exports of all other sea transport services increased by 111.05 percent.