Export of transport services grow by 1.47% for August: PBS

October 19, 2018 (MLN): The exports of transport services from the country witnessed a positive growth of 1.47% on month-on-month basis as it grew from $68 million in July 2018 to $69 million in August-2018, according to the data released by Pakistan Bureau of Statistics (PBS).

Meanwhile, on year-on-year basis, the exports of transport services from the country during the month of June 2018 decreased by 9.86% as they fell from $76.5 million in August 2017 to $69 million in August 2018.

On the other hand, the imports of transport services into the country showed a negative growth of 17.02% as it dropped from $337 million in August 2017 to $280 million in August 2017, the PBS data revealed.

The imports of transport services on year-on-year basis also decreased by 12.48 percent by going down from $319 million in August 2017 to $280 million in August 2018.

As per the report, Sea transport services reported a decrease of 41.19% month-on-month and increase of 211.84% year-on-year basis for exports, whereas a decrease of 26.24% month-on-month and 27.79% on year-on-year basis was reported for imports.

Air transport services witnessed a decrease of 0.66% on month-on-month and an increase of 11.09% on year-on-year basis for exports, while the imports experienced a decrease of 2.5% month-on-month and 28.3% year-on-year basis.

Road transport services showed an increase of 67.36% month-on-month and a decrease of 13.76% year-on-year basis for exports, meanwhile an increase of 49.34% month-on-month and a decrease of 83.51% on year-on-year basis was stated for imports.

Railway transport services exhibited decrease of 49.3% month-on-month and 83.49% year-on-year basis for imports whereas their exports showed no change.

The transport services exports during July-Aug decreased by 12.58% as they dropped from $156 million last year to $137 million this year, the report suggested.

Congruently, the imports for the period July-August witnessed a fall of 7.92% by going down from $670 million last year to $617 million this year.

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