ISLAMABAD, Pakistan (APP) – The country’s exports in rupee terms increased by 29.53 percent during the first five months of the current fiscal year compared to the same time last year, according to the Pakistan Bureau of Statistics (PBS).
According to PBS preliminary estimates, the country’s exports for July-November (2021-22) were Rs.2,072,512 million, compared to Rs. 1,599,976 million during July-November 2020-21.
Meanwhile, year on year, the country’s exports climbed by 45.35 percent in November compared to November 2020 shipments. During November 2021, exports totaled Rs.502,376 million, compared to Rs.345,640 million in November 2020.
Month on month, exports climbed by 18.75 percent as compared to October 2021 exports of Rs.423,063 million.
Knitwear (Rs. 79,221 million), readymade garments (Rs. 56,877 million), bed wear (Rs. 54,516 million), cotton cloth (Rs. 35,444 million), rice other qualities (Rs. 29,203 million), cotton yarn (Rs.18,883 million), towels (Rs.18,217 million), madeup articles excluding towels & Bedwear (Rs.14,560 million), rice Basmati (Rs.10,87 (Rs.9,364 million).
Imports, on the other hand, were Rs. 5,537,253 million from July to November 2021, up from Rs.3,197,899 million in the same period previous year, or a 73.15 percent rise.
Similarly, imports into the nation in November 2021 were Rs. 1,371,660 million, up from Rs. 1,093,545 million in October 2021 and Rs. 683,354 million in November 2020, representing a 25.43 percent rise over October 2021 and a 100.72 percent increase over November 2020.
Petroleum products (Rs. 218,224 million), medicinal products (Rs.119,194 million), petroleum crude (Rs.75,456 million), natural gas liquefied (Rs. 72,372 million), palm oil (Rs. 67,478 million), plastic materials (Rs. 51,515 million), iron & steel (Rs.48,005 million), iron & steel scrap (Rs.47,603 million), mobile phones (Rs.36 (Rs. 32,400 million).
Meanwhile, in dollar terms, the country’s exports increased by 26.89 percent, rising from $9.744 billion in July-November (2020-21) to $12.364 billion in July-November (2020-21). (2021-22).
Imports increased by 69.57 percent over the study period, rising from $19.468 billion last year to $33.012 billion this year.
According to the figures, the trade deficit for the period under examination was $20.648 billion, representing a 112.34 percent rise over the deficit of $9.724 billion reported during July-November (2020-21).
