EXPORTS OUTLOOK - 2013

S.KAMAL HAYDER KAZMI,
(feedback@pgeconomist.com)
Research Analyst
, PAGE
June 25 - July 1, 2012

EXPORT RECEIPTS BY COMMODITY (Thousand US Dollar)

COMMODITY JULY-JUNE APR MAR (R) APR (P) JUL-APR
2008-09 2009-10 2010-11 2011 2012 2012 2010-11 2011-12 (P)
A. Food Group 2,796,664 3,289,492 4,128,982 449,758 347,892 349,896 3,252,108 3,134,472
01. Rice 1,765,680 2,134,884 2,118,050 202,810 212,609 194,285 1,754,958 1,739,058
A) Basmati 1,186,850 1,288,638 1,226,811 115,849 91,369 88,579 1,012,840 883,069
B) Others 578,830 846,246 891,239 86,961 121,240 105,706 742,118 855,989
02 Fish & Fish Preparations 238,443 220,372 295,598 34,171 25,672 35,882 223,163 272,484
03 Fruits 162,361 230,495 274,674 24,786 28,432 20,461 238,323 215,887
04 Vegetables/ Leguminous Vegetable 69,637 117,863 185,253 26,201 10,865 13,212 151,939 89,438
05 Tobacco 9,245 13,670 26,249 3,799 1,816 2,114 22,714 20,442
06 Wheat Unmilled 6 15 491,483 81,859 63 0 301,446 54,864
07 Spices 18,690 27,008 29,102 2,286 2,344 2,733 22,657 29,866
08 Oil Seeds, Nuts and Kernals 46,064 45,047 18,475 2,977 1,913 1,525 14,048 20,584
09 Sugar 6,381 0 428 0 2,040 8,632 428 10,672
10 Meat and Meat Preparations 85,356 118,822 188,701 17,847 16,907 18,108 148,045 174,406
11 All Other Food Items 394,800 381,315 500,969 53,022 45,231 52,944 374,387 506,771
B. Textile Group 9,776,297 10,182,109 13,075,868 1,211,404 1,099,857 1,058,707 10,496,539 10,814,930
12 Raw Cotton 105,416 209,221 309,587 32,499 93,034 73,758 276,860 423,426
13 Cotton Yarn 988,907 1,237,770 1,785,603 193,354 151,163 144,481 1,381,430 1,348,011
14 Cotton Cloth 2,106,840 1,880,161 2,443,733 223,449 206,867 198,553 1,945,669 2,128,675
15 Cotton Carded or Combed 136,562 131,889 156,270 10,373 3,467 4,932 128,485 109,066
16 Yarn Other than Cotton Yarn 70,047 46,853 59,266 10,907 4,599 3,860 48,093 51,748
17 Knitwear 2,054,853 2,061,219 2,708,993 232,922 176,291 156,907 2,225,774 1,933,350
18 Bed Wear 1,526,642 1,641,145 2,026,962 175,283 147,719 149,707 1,629,297 1,592,351
19 Towels 546,591 603,035 633,500 54,887 57,022 61,142 504,655 555,941
20 Tents,Canvas & Tarpulin 61,294 75,593 80,765 7,181 8,045 7,276 69,446 76,778
21 Readymade Garments 983,443 963,685 1,091,516 102,276 115,957 111,284 875,054 1,160,200
22 Art,Silk & Synthetic Textile 387,410 409,123 629,123 57,950 43,435 47,716 492,982 551,643
23 Madeup Articles(incl.Other Tex 330,484 327,596 371,882 32,060 32,334 33,599 297,126 335,708
24 Other Textile Materials 477,808 594,820 778,668 78,263 59,922 65,492 621,667 548,033
C. Petroleum Group 983,571 1,183,078 1,705,706 186,185 38,877 68,969 1,393,842 921,495
25 Petroleum Crude 0 0 0 0 0 0 0 0
26 Petroleum Products 628,404 1,008,350 1,308,054 107,444 3,950 23,406 1,121,006 420,551
27 Solid Fuel including Naptha 355,168 174,728 397,652 78,740 34,928 45,562 272,836 500,944
D. Other Manufacture 3,510,875 3,526,076 4,241,503 402,961 408,668 423,166 3,419,638 3,772,311
28 Carpets,Rugs & Mats 169,432 155,248 152,689 14,663 12,699 11,619 124,490 130,228
29.Sports Goods 384,823 389,855 464,205 37,032 44,667 44,246 372,403 421,714
A) Footballs 164,067 172,642 169,616 13,799 15,733 13,277 137,900 139,310
B) Gloves 82,106 74,347 120,942 8,990 11,240 13,627 95,977 124,497
C) Others 138,651 142,866 173,647 14,243 17,693 17,342 138,526 157,907
30 Leather Tanned 453,610 448,888 513,626 42,029 40,006 39,823 413,771 389,340
31.Leather Manufactures 295,639 251,064 381,776 32,567 30,997 29,327 312,083 363,826
A) Leather Garments 200,112 177,329 248,114 19,525 20,400 15,729 204,140 222,717
B) Leather Gloves 39,111 35,613 56,608 4,759 5,612 6,130 43,671 61,270
C) Other Leather Manufactures 56,416 38,122 77,054 8,282 4,985 7,467 64,272 79,838
32.Footwear 88,618 81,492 92,003 10,717 9,554 5,967 75,586 84,296
A) Leather Footwear 64,936 58,372 68,560 8,678 6,983 4,441 57,555 67,531
B) Canvas Footwear 4,895 3,614 760 84 34 42 604 515
C) Other Footwear 18,787 19,507 22,683 1,955 2,537 1,485 17,428 16,250
33 Surgical Goods & Medical Instr 279,067 276,792 316,679 29,682 26,304 26,555 261,366 274,733
34 Cutlery 30,426 38,271 50,499 3,908 4,090 4,077 41,311 43,790
35 Onyx Manufactured 15,532 17,345 28,953 3,215 1,953 2,274 22,154 22,793
36.Chemical and Pharmaceutical Products 667,855 855,159 1,089,703 113,036 106,625 116,993 852,283 1,036,634
A) Fertilizer Manufactured 661 180 137 12 24 0 117 98
B) Plastic Materials 299,229 358,423 494,287 51,103 39,238 55,379 395,087 449,531
C) Pharmacautical Products 94,049 103,556 112,504 11,085 11,845 12,239 91,657 108,640
D) Other Chemicals 273,916 393,001 482,776 50,837 55,518 49,375 365,422 478,365
37.Engineering Goods 347,498 300,776 423,370 42,017 35,993 40,299 354,574 313,430
A) Electric Fans 32,114 40,925 45,539 4,991 4,551 4,535 34,127 30,613
B) Transport Equipment 63,558 78,759 107,575 7,851 9,349 10,116 87,434 82,795
C) Other Electrical Machinery 74,683 68,785 89,841 6,863 6,861 11,944 78,304 58,153
D) Machinery Specialized 51,188 43,348 59,512 7,843 5,219 3,431 49,336 48,174
E) Auto Parts 14,080 10,261 18,086 1,649 1,979 2,404 14,366 20,292
F) Other Machinery 111,876 58,697 102,817 12,820 8,034 7,870 91,007 73,402
38 Gems 4,409 2,835 3,415 373 224 160 2,815 2,387
39 Jewellary 22,434 106,063 160,921 17,508 41,563 24,595 129,443 158,829
40 Furniture 7,895 7,199 6,191 587 441 780 5,111 5,320
41 Molasses 102,373 53,693 15,023 50 20 3,481 14,774 8,486
42 Handicrafts 843 883 444 0 5 19 444 143
43 Cement 606,396 511,054 495,759 48,787 37,478 52,134 401,854 407,650
44 Guar and Guar Products 34,026 29,458 46,248 6,791 16,049 20,815 35,176 108,712
E. All Others 819,076 1,223,232 1,416,141 116,491 104,843 117,251 1,130,323 1,198,074
I Total Export Receipts through Banks 17,886,483 19,403,987 24,568,201 2,366,799 2,000,138 2,017,988 19,692,451 19,841,282
II Freight on Export 485,760 483,100 658,510 57,680 40,330 35,860 544,610 488,360
III Export Receipts Banks (fob) (I-II) 17,400,723 18,920,887 23,909,691 2,309,119 1,959,808 1,982,128 19,147,841 19,352,922
IV Other Exports 1,719,819 752,240 1,445,662 258,700 181,350 161,403 1,311,402 1,120,604
Total Export as per BOP (III+IV) 19,120,542 19,673,127 25,355,353 2,567,819 2,141,158 2,143,531 20,459,243 20,473,526

MONTHLY EXPORTS TO MAJOR COUNTRIES
(Rs.million) (share in %)

COUNTRIES JANUARY, 2012 JANUARY, 2011
VALUE SHARE VALUE SHARE
1. U.S.A. 23,947.77 13.87 28,183.93 14.26
2. U.A.E. 17,743.38 10.27 19,991.48 10.11
3. China 16,653.70 9.64 11,816.96 5.98
4. Afghanistan 14,910.80 8.63 19,123.44 9.67
5. United Kingdom 8,148.66 4.72 9,282.12 4.70
6. Germany 7,434.15 4.30 9,444.38 4.78
7. Bangladesh 4,553.68 2.64 11,179.66 5.66
8. Italy 4,162.41 2.41 5,773.92 2.92
9. Netherlands 4,022.25 2.33 3,674.66 1.86
10. Spain 3,878.93 2.25 4,654.21 2.35
11. Turkey 3,671.22 2.13 7,592.62 3.84
12. Hong Kong 3,247.00 1.88 3,151.67 1.59
13. Belgium 3,206.43 1.86 4,760.25 2.41
14. Saudi Arabia 2,652.84 1.54 3,191.58 1.61
15. India 2,619.75 1.52 2,125.31 1.08
16. Korea Rep. of 2,460.41 1.42 2,977.24 1.51
17. France 2,275.98 1.32 2,573.36 1.30
18. Russian 2,268.21 1.31 1,820.60 0.92
19. Egypt (U.A.R.) 2,141.86 1.24 1,037.53 0.52
20. Viet Nam 1,972.83 1.14 783.63 0.40
Others 40,728.94 23.58 44,530.35 22.53

SUMMARY BALANCE OF PAYMENTS (US$ Million)

ITEMS JULY-APRIL
2010-11 2011-12
Current Account Balance 466 -3,394
Trade balance -8,499 -12,683
Goods: Exports 20,460 20,474
Goods: Imports 28,959 33,157
Services Balance -1,225 -2,347
Services: Credit 4,917 4,101
Services: Debit 6,142 6,448
Income Account Balance -2,465 -2,655
Income: Credit 563 668
Income: Debit 3028 3323
Current Transfers Net 12,655 14,291
of which:
Workers remittances 9,046 10,877
Capital & Financial Account 772 1,367
Capital Account 82 167
Financial Account 690 1,200
Direct Investment In Pakistan 1,293 668
Portfolio Investment (Net) 295 -126
Other Investment -846 721
Net Errors and Omissions -29 -515
Overall Balance 1,209 -2,542

PAK: EXPORT REFINANCE

W.E.F RATE (%)
Apr-05 5.0
May-05 6.5
Jun-05 6.5
Jul-05 7.5
Jul-06 6.5
Nov-09 7.0
Jan-10 7.5
Apr-10 8.0
Jul-10 8.5
Oct-10 9.0
01-Jan-2011 till date 10.0

RANK OF COUNTRIES BY EXPORTS (2011)

RANK COUNTRY
1 China
2 United States
3 Germany
4 Japan
5 France
6 Netherlands
7 South Korea
8 Italy
9 Russia
10 United Kingdom

INTEREST RATE

DATE (%)
2-Aug-10 13.00
30-Sep-10 13.5
30-Nov-10 14.00
1-Aug-11 13.5
9-Oct-11 to date 12.00