Exports show 11.24pc increase in five months

ISLAMABAD: The exports from the country in rupees term increased by 11.24 percent during the first five months of the current fiscal year against the corresponding period of last year.

According to the latest data of Pakistan Bureau of Statistics (PBS), the exports from the country during July-November (2017-18) totalled Rs951,329 million as against Rs855,211 million during July-November (2016-17).

On year-on-year basis, exports from Pakistan during November, 2017 amounted to Rs208,036 million as against Rs183,931 million during November, 2016 showing an increase of 13.11 per cent.

As compared to the exports of Rs198,911 million in October, 2017, the exports in November 2017 increased by 4.59%, according to the PBS data.

The main commodities of exports during November, 2017 were knitwear (Rs23,788 million), Ready-made garments (Rs22,702 million), bedwear (Rs20,240 million), cotton cloth (Rs18,204 million), rice others (Rs16,421 million), cotton yarn (Rs11,734 million), towels (Rs7,284 million), sugar (Rs7,115 million), made-up articles excluding towels and bedwear (Rs6,299 million) and fish & fish preparations (Rs4,650 million).

Meanwhile, Imports during July-November (2016-2017) totalled Rs2,534,772 million as against Rs2,078,467 million during the corresponding period of last year showing an increase of 21.95%.

On year-on-year basis, Imports into Pakistan during November, 2017 amounted to Rs516,015 million as against Rs440,288 million during November, 2016, showing an increase of 17.20% over November, 2016.

As against the imports of Rs519,189 million in October 2017, the imports in November 2017 decreased by 0.61% , the data revealed.

The main commodities of imports during November, 2017 were petroleum products (Rs65,873 million), petroleum crude (Rs31,588 million), power generating machinery (Rs19,356 million), palm oil (Rs18,626 million), electrical machinery and apparatus (Rs17,983 million), natural gas, liquified ( Rs17,536 million), iron and steel (Rs17,112 million), plastic materials (Rs16,937 million), fertilizer manufactured (Rs13,545 million) and Iron and steel scrap (Rs12,705 million).