A.Rafay
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ISLAMABAD: Pakistans trade deficit has witnessed a marginal decline of 6.79 percent to $6.44 billion in the first four months of current fiscal year from $6.90 billion in the corresponding period last fiscal year, said the Pakistan Bureau of Statistics (PBS) on Wednesday.
However, exports were registered at $8.20 billion in July-October 2012-13, depicting a rise of 4.98 percent compared with $7.81 billion in the comparable period. On the other hand, imports inched down 0.54 percent to $14.64 billion from $14.72 billion. The country exported textiles worth $4.39 billion in the four months of FY13, showing a growth of 4.78 percent as against $4.19 billion in the same period a year ago.
Cotton yarn export rose by 36.6 percent to $701.6 million, cotton cloth by 7.86 percent to $891.63 million, tent canvas and tarpaulin by 38.36 percent to $36.25 million and readymade garments by 14.6 percent to $604.05 million, while export receipts from towels were up by 6.6 percent to $254.6 million.
However, knitwear export was down by 7.1 percent to $732.4 million, bed wear by 13.4 percent to $601.47 million and art, silk and synthetic textiles by 19.6 percent to $149.4 million, while exports of made-up articles (excluding towels, bedwear) declined by 1.04 percent to $198.9 million. Raw cotton export also dropped by 29 percent to $57 million.
In non-textile group, cement exports showed an uptrend, increasing 17.3 percent to $190 million from $162 million.
Export of fish and fish preparations was up by 1.6 percent to $98.7 million, vegetables by 10.97 percent to $31.75 million, spices 20.1 percent to $19.08 million and meat and meat preparation by 30.64 percent to $77.92 million. Gems and jewllery sector remained exuberant in July-October of current fiscal year, as exports of jewellery climbed 387 percent to $905.92 million, while exports of gems shot up 48.3 percent to $1.39 million.
Rice exports dipped by one-fourth to $433.98 million as against $578.88 million. Exports of petroleum and coal nosedived by 97.7 percent to $10.2 million in the four months of current fiscal year when compared with $444.79 million in the similar period last fiscal year.
On the negative side were also exports of food items, which shed by 7.6 percent to $1.197 billion. Of them, wheat exports slid down 69 percent to $29.2 million and tobacco 54.2 percent to $2.77 million. Carpets, rugs, and mats also witnessed decrease in exports.
The economy spent 5.04 percent more dollars on imports of petroleum (crude and its products) in the period under review, as $5.266 billion were spent against $5.013 billion in the comparable period on imports of petroleum products, said the PBS data. Imports of machinery increased 13.5 percent to $1.835 billion from $1.617 billion. While imports of textile machinery, telecom equipments (including mobile phones), and power generation machineries, increased more than 10 percent, import of agriculture machineries decreased.
Spending on food imports dropped 7.38 percent to $1.51 billion from $1.63 billion. In this group, except milk, cream, and food that saw rise in import payments, imports of palm oil, tea, and spices fell. During the period under review, gold worth $58.43 million was imported, down 6.57 percent as compared to last year, said the figures.
Imports of fertilizers also decreased 50 percent to $251.2 million and insecticides by 59.2 percent to $20.08 million.
Imports of buses, trucks and other heavy vehicles were decreased by 26.5 percent to $33.75 million while imports of motor cars increased by 25.7 percent to $121.47 million.
http://www.thenews.com.pk/Todays-News-3-144237-Trade-deficit-declines-to-$644bn-in-four-months
However, exports were registered at $8.20 billion in July-October 2012-13, depicting a rise of 4.98 percent compared with $7.81 billion in the comparable period. On the other hand, imports inched down 0.54 percent to $14.64 billion from $14.72 billion. The country exported textiles worth $4.39 billion in the four months of FY13, showing a growth of 4.78 percent as against $4.19 billion in the same period a year ago.
Cotton yarn export rose by 36.6 percent to $701.6 million, cotton cloth by 7.86 percent to $891.63 million, tent canvas and tarpaulin by 38.36 percent to $36.25 million and readymade garments by 14.6 percent to $604.05 million, while export receipts from towels were up by 6.6 percent to $254.6 million.
However, knitwear export was down by 7.1 percent to $732.4 million, bed wear by 13.4 percent to $601.47 million and art, silk and synthetic textiles by 19.6 percent to $149.4 million, while exports of made-up articles (excluding towels, bedwear) declined by 1.04 percent to $198.9 million. Raw cotton export also dropped by 29 percent to $57 million.
In non-textile group, cement exports showed an uptrend, increasing 17.3 percent to $190 million from $162 million.
Export of fish and fish preparations was up by 1.6 percent to $98.7 million, vegetables by 10.97 percent to $31.75 million, spices 20.1 percent to $19.08 million and meat and meat preparation by 30.64 percent to $77.92 million. Gems and jewllery sector remained exuberant in July-October of current fiscal year, as exports of jewellery climbed 387 percent to $905.92 million, while exports of gems shot up 48.3 percent to $1.39 million.
Rice exports dipped by one-fourth to $433.98 million as against $578.88 million. Exports of petroleum and coal nosedived by 97.7 percent to $10.2 million in the four months of current fiscal year when compared with $444.79 million in the similar period last fiscal year.
On the negative side were also exports of food items, which shed by 7.6 percent to $1.197 billion. Of them, wheat exports slid down 69 percent to $29.2 million and tobacco 54.2 percent to $2.77 million. Carpets, rugs, and mats also witnessed decrease in exports.
The economy spent 5.04 percent more dollars on imports of petroleum (crude and its products) in the period under review, as $5.266 billion were spent against $5.013 billion in the comparable period on imports of petroleum products, said the PBS data. Imports of machinery increased 13.5 percent to $1.835 billion from $1.617 billion. While imports of textile machinery, telecom equipments (including mobile phones), and power generation machineries, increased more than 10 percent, import of agriculture machineries decreased.
Spending on food imports dropped 7.38 percent to $1.51 billion from $1.63 billion. In this group, except milk, cream, and food that saw rise in import payments, imports of palm oil, tea, and spices fell. During the period under review, gold worth $58.43 million was imported, down 6.57 percent as compared to last year, said the figures.
Imports of fertilizers also decreased 50 percent to $251.2 million and insecticides by 59.2 percent to $20.08 million.
Imports of buses, trucks and other heavy vehicles were decreased by 26.5 percent to $33.75 million while imports of motor cars increased by 25.7 percent to $121.47 million.
http://www.thenews.com.pk/Todays-News-3-144237-Trade-deficit-declines-to-$644bn-in-four-months
