The country’s exports increased by 22.45 percent in rupee terms during the first two months of the current fiscal year compared to the same period last year, according to the Pakistan Bureau of Statistics (PBS).
According to preliminary figures given by PBS, exports during July-August (2023-24) were Rs.1,276,238 million as opposed to Rs.1,042,226 million during the same period the previous year, representing a 22.45 percent rise. Exports climbed by 26.75 percent year on year to Rs.695,136 million in August 2023, compared to Rs. 548,440 million in August 2022.
Exports reached 19.62 percent month on month when compared to July 2023 exports of Rs. 581,102 million.
Knitwear (Rs.117,892 million), readymade garments (Rs.83,447 million), bedwear (Rs.74,081 million), cotton cloth (Rs.47,002 million), cotton yarn (Rs.30,793 million), towels (Rs.25,567 million), made-up articles excluding towels & bedwear (Rs.18,377 million), rice others (Rs.18,073 million), rice basmati (Rs. Imports, on the other hand, were Rs. 2,371,596 million in July-August, 2023-24, compared to Rs. 2,430,313 million in the same period last year, representing a 2.42% decline.
Year on year, imports into Pakistan in August 2023 totaled Rs. 1,330,458 million, a 0.50 percent decrease from Rs. 1,337,189 million in August 2022. Imports entering the country increased by 27.79 percent month on month in August 2023 as compared to July 2023 imports of Rs. 1,041,138 million.
The main commodities of imports during August 2023 were petroleum products (Rs. 180,628 million), petroleum crude (Rs.119,438 million), natural gas, liquefied (Rs.89,854 million), palm oil (Rs. 80,346 million), plastic materials (Rs. 66,789 million), electric machinery & apparatus (Rs.48,536 million), iron & steel (Rs.47,489 million), mobile phones (Rs.32,712 million), iron & steel scrap (Rs.28,618 million) and medicinal products (Rs.24,592 million).
