Mobile phone imports decrease over 67% to $414 million in 7 months

According to the Pakistan Bureau of Statistics (PBS), mobile phone imports in the country decreased by 67.35 percent in the first seven months of the current fiscal year (2022-23) compared to the same period in the previous year.

The value of imported mobile phones from July-January (2022-23) was US $ 414.801 million, a sharp decline from US $ 1270.412 million from July-January (2021-22). In January 2023, the import of mobile phones decreased by 71.10 percent compared to January of the previous year.

Specifically, the imports in January 2023 amounted to $ 51.960 million while exports in the same month of last year were $179.765 million. The data also showed a 28.12 percent decrease in the imports of mobile phones in January 2023 compared to December 2022.