Exports in Pakistan recently witnessed a dip of 9.28% when the exports of the country dropped to Rs. 343 billion in January 2021 compared to the exports of Rs. 378 billion in December 2020.
According to the Pakistan Bureau of Statistics (PBS), exports of the country, when compared with Jan’20, have increased by 12.66% to stand at Rs. 305 billion.
During the first seven months of FY21, exports stood at Rs. 2,322 billion compared to the exports of Rs. 2,108 billion during the same period for FY20, showing an increase of 10.13%.
According to more details, the exports of several products were:
- Knitwear raked in Rs. 52 billion (up 37.61%)
- Readymade garments Rs. 45 billion (up 8.99%)
- Bed wear Rs. 35 billion (up 17.02%)
- Cotton clothes Rs. 24 billion (down 10.80%)
- Rice (others) Rs. 18 billion (up 5.76%)
- Towels Rs. 14 billion (up 38.86%)
- Cotton tarn Rs. 13 billion (down 7.02%)
- Basmati rice Rs. 12 billion (up 20.44%)
- Madeup articles (excluding towels & bedwear) Rs. 10 billion (up 25.56%)
- Fruits Rs. 10 billion (up 5.79%)
On the other hand, imports of the country were Rs. 771 billion during Jan’21 compared to the imports of Rs. 798 billion in Dec’20 showing a dip of 3.29%. The imports were, however, higher as compared to that of Jan’202020 and marked an increase of 21.12%.
During the first seven months of FY21, the imports were Rs. 4,768 billion compared to imports of Rs. 4,267 billion during the same period of last year, showing an increase of 11.73%.
it is further said that import of petroleum products saw a 6.08% decrease, palm oil a 66.69% increase, natural gas (liquefied) a 3.48% increase, plastic materials a 31.42% increase, mobile phones a 41.13% increase, and power generating machinery a 177.55% increase.
News Desk is the author at Research Snipers covering all Pakistan news including Business, Social, Entertainment, Economy, Pak News, World News, and More. News Desk is managed by a senior editor at Research Snipers.