Exports expand to $ 9.93bn in 11 months

KARACHI: Pakistan exports have surged by 7.6 percent to $ 9.93 billion during July-November, 2011-12 compared to $ 8.72 billion in the corresponding period of 2010-11.

According to TDAP announcement on Tuesday, the textile sector remained the main stay of Pakistan's exports, although it has shown a decline of 1.3 per cent over last year.

Its contribution to the total export was 53.5 per cent while manufacturing sector stood the second largest sector, which registered a growth of 13.65 per cent and its contribution to the total exports was 18.9 percent.

Food group exports witnessed healthy growth of 22.7 percent, and petroleum group showed 13.7 per cent increase.

Analysis of the top 10 highest export value products during the period of July-November shows that the top 5 items were related to the textile group.

Cotton cloth, which earned nearly $ 1 billion in export showed 6 percent growth; Knitwear, which crossed $ 900 million registered a decline of 2.8 percent, Bedwear, which is the third highest export stood at approx US$ 800 million also showed a decline of 4.3 percent.; Export of Readymade garments showed an increase of 3.5 percent, while export of Cotton yarn showed a decline of 13.6 percent.

Other important items were Chemicals & Pharma, Rice other varieties, Food items, Basmati Rice and Towels, exports of these items were above US$ 284 million. Among these five items, Food items showed tremendous growth of 161 percent, while Chemicals & Pharmaceutical showed 30 percent growth, rest of other three products showed decrease.

Copyright APP (Associated Press of Pakistan), 2011