Exports surge 22.9% to Rs2.86tr in 11 months – Details
- Exports from Pakistan have been increased by 22.92% in 11 months.
- A detail of the main commodities of exports including Knitwear, Cotton cloth, Rice and Ready-made garments
- The highest growth rate in exports has been noticed since October 2011; 11.6% to $25.8 billion.
During July-May 2018-2019, exports from Pakistan, in terms of rupees, have been increased by 22.92%.
According to the Pakistan Bureau of Statistics (PBS), the exports from Pakistan during this period were recorded at Rs2.86 trillion as compared to the exports of Rs2.33 trillion during the first eleven months of the fiscal year 2017-18.
Exports on a Yearly basis:
On a yearly basis, the exports from Pakistan during May 2019 have been increased by 24.06%.
During May 2019, the exports amounted to RS.306,303 million as against RS.246,907 million in May 2018.
Exports on a Monthly basis:
On a monthly basis, the exports during May 2019 have been increased by 3.64% when compared to the exports of RS.295,541 million in April 2019.
The main commodities for exports:
- Knitwear RS.39,914 million
- Readymade garments RS.36,862 million
- Bed-wear RS.27,440 million
- Basmati rice RS.12,021 million
- Cotton cloth RS.24,376 million
- Cotton yarn RS.15,552 million
- Rice RS.20,495 million
- Towels RS.10,570 million
- Fish & fish preparations RS.8,462 million
- Made-up articles RS.8,459 million
Exports in July 2019 as compared to July 2018:
Compared to $23.1 billion in July 2018, exports in July 2019 soared 11.6% to $25.8 billion. This is the highest growth rate in exports in 21 months since October 2011when exports grew 23.7% over the same month of the earlier year.
From April 1st, exports fell in May and June, by 1.1% and 4.6 %, respectively. Exports in July have been increased due to the fall of the rupee at an all-time low of 61.81 against the dollar.
In July, exports of pharmaceuticals, readymade garments and textiles have been impressive. However, exports of engineering goods and gold jewelry have fallen. Import of pearls, semi-precious and precious stones, transport equipment and fertilizers have risen.