Imports into Pakistan decline by 37.3% YoY during May

June 17, 2020 (MLN): Imports into Pakistan during the month of May, 2020 amounted to Rs. 458,272 million as against Rs. 526,880 million in April, 2020 and Rs. 730,962 million in May 2019, showing a decrease of 13.02% over April, 2020 and of 37.31% over May 2019.

According to the provisional figures compiled by the Pakistan Bureau of Statistics, in terms of US dollars the imports in May, 2020 were $2,863 million as compared to $3,204 million in April, 2020, showing a decrease of 10.64% and by 42.93% as compared to $5,017 million in May 2019.

Imports during July – May, 2019 - 2020 totaled Rs. 6,421,012 million as against Rs. 6,767,523 million during the corresponding period of last year, showing a decrease of 5.12%.

In terms of US dollars, the imports during July – May, 2019 - 2020 totaled $40,866 million as against $50,410 million during the corresponding period of last year, showing a decrease of 18.93%.

Main commodities of imports during May, 2020 were Electrical machinery and apparatus (Rs. 31,412 million), Iron and Steel (Rs. 23,205 million), Palm Oil (Rs. 21,591 million), Petroleum products (Rs. 20,813 million), Power generating machinery (Rs.20,339 million), Iron and steel Scrap (Rs. 19,435 million) Plastic Materials (Rs. 18,991 million), Mobile phones (Rs.17,778 million), Natural gas, liquefied (Rs. 17,285 million) and Raw cotton (Rs. 16,535 million).

PBS