ISLAMABAD: The country's textile group exports have witnessed a growth of 22.94 percent during the last financial i.e. 2020-21 and remained $15.4 billion compared to $12.526 billion during 2019-20, says the Pakistan Bureau of Statistics (PBS).
The exports and imports data released by the PBS revealed that the textile group exports registered an increase of 57.81 percent on month-on-month basis as it reached $1.660 billion in June 2021 compared to $1.051 billion in May 2021.
Textile exports witnessed 73.08 percent growth on year-on-year basis and remained $1.660 billion in June 2021 compared to $959.137 million in June 2020.
Raw cotton exports registered 95.27 percent decline during July-June 2020-21 and remained at $0.804 million compared to $17.002 million during the same period of last year.
Raw cotton exports remained zero during June 2021 and were also zero in May 2021.
Cotton yarn exports registered 3.26 percent growth during July-June 2020-21 and remained at $1.016 billion compared to $984 million during the same period of last year.
Cotton yarn exports increased by 67.76 percent during June 2021 and remained at $120.931 million compared to $72.087 million during May 2021 and increased by 62.71 percent when compared to $74.323 million during the same month of last year.
Petroleum group imports witnessed a growth of 9.09 percent as it reached $11.357 billion during July-June 2020-21 compared to $10.411 billion during the same period of last year.
Petroleum group imports witnessed an increase of 144.38 percent as it reached $1.475 billion in June 2021 compared to $603.84 million during June 2020 and registered 24.60 percent growth when compared to $1.184 billion in May 2021.
Construction machinery imports have witnessed massive decline of 26.52 percent during the July-June 2020-21 and remained at $141.29 million compared to $192.28 million, during the same period of last year.
The country's exports during July-June 2020-2021 totaled $25.304 billion (provisional) against $21.394 billion during the corresponding period of last year, showing an increase of 18.28 percent.
The exports in June 2021 were $2.729 billion (provisional) as compared to $1.671 billion (provisional) in May, 2021, showing an increase of 63.32 percent and by 70.67 percent as compared to $1.599 billion in June 2020.
The country's imports during July-June 2020-2021 totaled $56.405 billion (provisional) as against $44.553 billion during the corresponding period of last year, showing an increase of 26.60 percent.
The imports in June 2021 were $6.377 billion (provisional) as compared to $5.297 billion (provisional) in May 2021, showing an increase of 20.39 percent and by 72.21 percent as compared to $3.703 billion in June 2020.
The country's trade deficit widened by 34.10 percent to $31.101 billion during July-June 2020-21 compared to $23.159 billion during the same period (July-June) of 2019-20.
Main commodities of exports during June 2021 were knitwear Rs64,187 million, readymade garments Rs50,895 million, bed wear Rs46,694 million, cotton cloth Rs31,980 million, cotton yarn Rs18,885 million, rice others Rs18,190 million, towels Rs15,465 million, madeup articles (excl towels and bedwear) Rs12,342 million, fruits Rs11,792 million, and basmati rice Rs10,722 million.
Main commodities of imports during June 2021 were petroleum products Rs113,787 million, petroleum crude Rs59,761 million, power generating machinery Rs50,794 million, natural gas, liquefied Rs49,083 million, palm oil Rs42,366 million, medicinal products Rs38,121 million, electrical machinery and apparatus Rs34,669 million, plastic materials Rs33,851 million, mobile phones Rs31,963 million, and fertiliser manufactured Rs27,767 million.
Copyright Business Recorder, 2021