According to provisional data released by Pakistan Bureau of Statistics, exports from Pakistan amounted to a total of $1.974 billion during November, 2017 against the $ 1.8 billion during the October, registering an increase of 4.56%.
Pakistan’s Cumulative Exports for the period between July – Nov 2017 also increased by 10.49% with total Exports clocking in at $ 9.030 billion against $ 8.173 billion during the same period last year.
Month on month Readymade Garments, Rice others, and Sugar Commodities registered a robust growth at 10.08%, 39.18% and 257% respectively.
Sugar exports have increased during the month of November after Sindh Government allowed the surplus local production to be exported in the international markets. On the flipside, Cotton Cloth, Cotton Yarn, and Fish Preparations went down as well by 7.32%, 8%, and 4.32% respectively.
Cotton exports have declined after cotton crop terminated in Sindh and Punjab.
Imports
On the import front, almost all the items have registered a healthy decrease. Month on Month, imports for Petroleum Products -16.94 %, Petroleum Crude -14.54%, Power Generation Machinery -14.71%, Palm Oil -1.07%, Plastic Materials -19.97% and Iron & Steel -10.91% have all reported a decline. However, the increases were recorded in Fertilizers +36.61% and Natural Gas, Liquefied 21.34% commodities.
Month on month imports declined by 0.63%, falling from $ 4.929 billion during October, 2017 to $ 4.205 billion for the month of November.
Cumulative Imports for July – Nov on the other hand registered an increase of 21.95% rising from 2016 Cumulative imports of $ 19.864 billion to $ 20.060 billion during July – Nov, 2017.
