November 1, 2021: Pakistan’s exports in October 2021 grew by 17.5% to $2.471 billion as compared to $2.104bn in Oct 2020.
This is the highest ever export in any October in our history. The export target for October 2021 was $2.6bn.
For the period Jul-Oct 2021, our exports grew by 25% to $9.468 million as compared to $7.576bn during Jul-Oct 2020. Our target for July-Oct 2021 was $9.6bn.
During Jul-Oct 2021, our imports increased by 64% to $24.99mn compared to $15.19bn during Jul-Oct 2020. About 40% of this increase is investment-driven (Capital Goods, Raw Material & Intermediates) which indicates an expansion of industry & enhanced activity by industry.
The remaining 60% of imports comprise Petroleum, Coal & Gas 34%, Vaccines 11%, Food (8%), Consumer goods (2%) and all others (5%). Most of this is inelastic in nature.
In absolute terms, the net increase in imports over this period is $9.8bn. Of this, the Consumer Goods are $239mn, Food $823mn, Capital Goods $1,620mn, Raw Material & Intermediates $2,209mn, Petroleum, Coal & Gas $3,364mn, Vaccines $1,068mn and all others $478mn.
