JULY-APR EXPORTS GROW 30PC

KANWAL SALEEM
(feedback@pgeconomist.com)

May 23 - 29, 2011

Exports from the country in rupees term increased 30.59 percent during July-April (2010-2011) as compared to the corresponding period of last year.

As per the figures released by Federal Bureau of Statistics, exports during the first ten months of current fiscal year stood at Rs1,722,691 million as against Rs1,319,176 million during the corresponding period of last year, showing an increase of 30.59 percent.

Exports during April 2011 amounted to Rs201,159 million as against Rs213,102 million in March, 2011 and Rs142,760 million during April, 2010 showing a decrease of 5.60 percent over March 2011 but an increase of 40.91 percent over April 2010.

Main commodities of exports during April 2011 were cotton cloth (Rs20,850 million), knitwear (Rs16,342 million), bed wear (Rs15,480 million), cotton yarn (Rs14,411 million), readymade garments (Rs14,348 million), rice others(Rs9,316 million), art, silk and synthetic textile (Rs6,831 million), petroleum products (excluding top naphta) (Rs6,775 million), rice basmiti (Rs6,514 million) and towels (Rs6,005 million).

On the other hand, imports during July-April (2010 - 2011) totaled Rs2,758,527 million as against Rs2,352,363 million during the corresponding period of last year showing an increase of 17.27 per cent.

Imports into Pakistan during April 2011 amounted to Rs274,757 million as against Rs291,581 million in March 2011 and Rs253,131 million during April 2010 showing a decrease of 5.77 percent over March 2011 but an increase of 8.54 percent over April 2010.

Main commodities of imports during April 2011 were petroleum crude (Rs37,843 million), petroleum products (Rs19,467 million), palm oil (Rs18,718 million), plastic materials (Rs12,527 million), iron and steel (Rs9,163 million), power generating machinery (Rs7,398 million), electrical machinery and apparatus (Rs5,930 million), synthetic fibre (Rs5,509 million), medicinal products (Rs5,499 million) and raw cotton (Rs5,489 million).

Further, the textile exports surged 46.56 percent during April 2010 as compared to the exports of the same month of last year. However, as compared to the exports of March 2011, textile exports witnessed slight increase of 1.74 during April 2011.

As per data, textile exports in April 2011 were recorded at US$1.270 billion as against the exports of US$1.249 billion in March 2011 and US$867.105 million during April 2010.

The overall exports during the first ten months of the current fiscal year also surged 32.05 percent as compared to the corresponding period of last year.

Exports during July-April (2010-11) were recorded at US$11.148 billion as against the exports of US$8.44 billion during July-April (2009-10), the FBS data said.

The textile groups that contributed growth in exports during July-April (2010-11) included raw cotton, exports of which increased by 35.83 percent.

The other products that witnessed increase in exports included cotton yarn, and cotton cloths, exports of which increased by 36.49 percent and 31.62 percent respectively.

Similarly, exports of cotton (carded or combed) increased 28.35 percent, yarn other than cotton yarn 12.50 percent, knitwear 34.48 percent and bed wear 22.28 percent.

The exports of towels also increased 18.67 percent, readymade garments 38.90 percent, art, silk and synthetic textile 53.83 percent, made-up articles (excluding towels and bed wear) 30.37 percent while the exports of other textile commodities increased 44.57 percent.

The only textile group that witnessed negative growth in exports during the period under review was tents, canvas, and tarpaulin, exports of which witnessed negative growth of 32.98 percent, the data revealed.

On the other hand, the food export from the country registered an increase of 29.07 during July-April (2010-11). Food exports during the period stood at US$ 3.528 billion against the exports of US$2.733 billion last year.