Pakistan''s exports, first time ever in the country''s history, have crossed the $20 billion mark in the first 10 months of the current financial year. According to the latest trade figures, exports from Pakistan during April, 2011 were $2.377 billion, which is 39.71 per cent higher than that of April last year.
The cumulative exports for the period July-April 2011 totalled $20.154 billion, as against $15.773 billion during the corresponding period of last year, showing an increase of 27.78 per cent. Group-wise exports of Pakistan during the month of April 2011 and its comparison with 2010, shows rapid growth in every sector.
Textiles was the major export sector which, having 50 per cent share in total exports, recorded 46.56 per cent growth over the same month of last year. Export of Food group grew by 36.87 per cent, manufacturing sector by 5.04 per cent and petroleum group by 34.42 per cent. Similar is the case with consolidated export figures for July-April period. Textile sector was the driving agent in reaching this level of export.
Cotton Cloth and Knitwear were the top export products and their export grew by 31.62 per cent and 34.48 per cent, respectively. Rice, Bed wear, Cotton Yarn, Readymade Garments were the items which have each crossed the $1.4 billion mark during the 10 months of the fiscal year 2010-11. Among them, Rice export decreased slightly by about 2 per cent Export of Chemicals grew by 18.63 per cent Petroleum products by 38.86 per cent, Towels by 18.67 per cent and Textile Made-ups by 30.37 per cent.-PR
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