Exports fall, imports rise

[Varad]

October data: Exports fall, imports rise

Pakistan’s exports dropped 2.2 per cent in October compared to the same month last year while imports jumped 12.9 per cent, figures released by the Trade Development Authority of Pakistan (TDAP) show

Exports were valued at $1.896 billion, down from $1.938 billion in October 2010. On the other hand, imports totalled $3.607 billion compared to imports valued at $3.196 billion in October last year. Trade deficit in the month came to $1.71 billion.
However, cumulative export figures for four months (July-October) of the current fiscal year painted a positive picture as shipments grew 12.9 per cent.
Exports during July-October 2011-12 stood at $7.899 billion against shipments worth $6.996 billion in the corresponding period of last year.
However, imports grew at a faster pace of 17.1 per cent in the four-month period. Imports during July-October were recorded at $14.31 billion compared to $12.225 billion in the corresponding period of 2010-11.

October data: Exports fall, imports rise – The Express Tribune

---------- Post added at 06:33 PM ---------- Previous post was at 06:31 PM ----------

This is a worrying trend. Exporter SOP should be provided.

 

[SMC]

Not good, however, as also mentioned in the article, you can't look at one month as a trend. It's the whole year or a series of months.

 

[Varad]

Not good, however, as also mentioned in the article, you can't look at one month as a trend. It's the whole year or a series of months.

You know i have just posted about 13% rise in Pakistani exports from July to October. But you see the Eurozone crisis will take its toll now just like Pakistan exports have gone in negative, the Indian exports from huge 83% rise in July have gone to just 11% growth this month. To counter this the Indian govt is providing SOP to exporters and thats why i said SOPs to be provided to Pakistani exporters as well.

 

[53fd]

You know i have just posted about 13% rise in Pakistani exports from July to October. But you see the Eurozone crisis will take its toll now just like Pakistan exports have gone in negative, the Indian exports from huge 83% rise in July have gone to just 11% growth this month. To counter this the Indian govt is providing SOP to exporters and thats why i said SOPs to be provided to Pakistani exporters as well.

Trade deficit widens to worrying levels:

New Delhi, Nov 8 (PTI) India's exports grew year-on-year by 10.8 per cent to USD 19.9 billion in October while imports expanded at a sharper rate, leaving a big trade deficit of USD 19.6 billion.

Imports increased by 21.7 per cent to USD 39.5 billion in October, according to data released by Commerce Secretary Rahul Khullar here today.

For the cumulative April-October period, exports aggregated to USD 179.8 billion, showing a handsome growth of 46 per cent, thanks to sterling trend witnessed in the previous months of the current fiscal.

Imports for the seven-month period stood at USD 273.5 billion growing by 31 per cent, while leaving the trade gap of USD 93.7 billion.

"Exports growth continues to look good and every sector is posting good growth," Khullar told reporters here. However, he said, the balance of trade "is something to be very worried about because at this rate you are going to breach the USD 150 billion mark (for the fiscal 2011-12)." PTI

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[somebozo]

let wait for the yearly trend!