Engineering goods' exports grow by 18.3% in FY-18

Exports of engineering goods during the year 2017-18 had registered 18.30 percent growth as compared to the exports in the corresponding period of last year.

Engineering goods worth US$ 206.07 million were exported during the period from July-June, 2017-18 as compared to the exports of $178.19 million during same period last year, according to latest data of Pakistan Bureau of Statistics.

During the period under review, Electric fans’ export however registered a negative growth of 9.84 percent as it went down to $26.19 million from $29.05 million in same period of the preceding year.

Similarly export of transport equipment’s also witnessed a decline of 7.73 percent to $8.67 million in July-June (2017-18) from $9.4 million in same period of the year 2016-17.

The export of other electronic machinery surged by 36.35 percent as their export during Jul-Jun (2017-18) recorded at $45 million against the export worth of $33.009 million during same period of the preceding year.

The export of machinery specialized for particular industries also witnessed a sharp increase of 83.48 percent to $45.33 million from $24.7 million in Jul-Jun (2016-17).

Auto parts and accessories' export increased to $16.9 million in the year 2017-18 against the export worth $13.5 million in same period of the year 2016-17 thus posting an increase of 24.5 percent.

(APP)