ISLAMABAD: Pakistan’s exports in the rupee term witnessed an increase of 22.45% during the first two months of the current financial year as compared to the same period of last year, the Pakistan Bureau of Statistics (PBS) reported on Monday.
Exports during July-August (2023-24) were registered at 1,276,238 million rupees as against 1,042,226 million rupees during the same period of last year, showing an increase of 22.45%, according to provisional data released by PBS.
On a year-on-year (YoY) basis, the exports during August 2023 went up by 26.75% and were recorded at 695,136 million rupees compared to the exports of 548,440 million rupees in August 2022.
On a month-on-month (MoM) basis, the exports went up by 19.62% when compared to the exports of 581,102 million rupees in July 2023.
The main commodities of exports during August 2023 were Knitwear (117,892 million rupees), readymade garments (83,447 million rupees), bedwear (74,081 million rupees), cotton cloth (47,002 million rupees), cotton yarn (30,793 million rupees), towels (25,567 million rupees), made-up articles, excluding towels and bedwear (18,377 million rupees), rice others (18,073 million rupees), rice basmati (16,271 million rupees) and meat and meat preparations (11,210 million rupees).
Pakistan’s Imports
On the other hand, imports during July–August, (2023-24 totaled 2,371,596 million rupees as against 2,430,313 million rupees during the same period of last year, showing a decrease of 2.42 percent.
On a year-on-year basis (YoY), imports into Pakistan during August 2023 amounted to 1,330,458 million rupees as against 1,337,189 million rupees in August 2022, showing a decline of 0.50%.
On a month-on-month (MoM) basis, imports into Pakistan witnessed an increase of 27.79% in August 2023 when compared to the imports of 1,041,138 million rupees in July 2023.
The main commodities of imports during August 2023 were petroleum products (180,628 million rupees), petroleum crude (119,438 million rupees), natural gas, liquefied (89,854 million rupees), palm oil (80,346 million rupees), plastic materials (66,789 million rupees), electric machinery and apparatus (48,536 million rupees), iron and steel (47,489 million rupees), mobile phones (32,712 million rupees), iron and steel scrap (28,618 million rupees) and medicinal products (24,592 million rupees).
