Country’s trade deficit widens by 64.90 percent from $23.826 billion in July-April 2020-21 to $39.290 billion in July-April 2021-22. The country’s textile group exports witnessed a growth of 25.53 percent in the last financial i.e. 2021-22 and remained at $19.329 billion compared to $15.399 billion during 2020-21, reported the Pakistan Bureau of Statistics (PBS).
The data of exports and imports released by the PBS revealed that during July-June, 2021-2022 total exports of the country remained $31.792 billion (provisional) against $25.304 billion during the corresponding period of last year showing an increase of 25.64 percent.
The exports in June, 2022 were $2.918 billion (provisional) as compared to $2.626 billion in May, 2022 showing an increase of 11.12 percent and by 6.96 percent as compared to $2,728 million in June, 2021.
The textile group exports registered an increase of 3.93 percent on a month-on-month basis as it reached $1.706 billion in June 2022 compared to $1.641 billion in May 2022. Textile exports witnessed 2.86 percent growth on a year-on-year basis and remained $1.706 billion in June 2022 compared to $1.658 million in June 2021. Raw cotton exports registered 714.94 percent growth during July-June 2021-22 and remained at $6.577 million compared to $0.807 million during the same period of last year.
Cotton yarn exports registered 18.67 percent growth during July-June 2021-22 and remained at $1.206 billion compared to $1.016 billion during the same period of last year.
Main commodities of exports during June, 2022 were knitwear (Rs97,063 million), Readymade garments (Rs75,350 million), bed-wear (Rs58,049 million), cotton cloth (Rs41,082 million), rice others (Rs35,268 million), cotton yarn (Rs19,236 million), towels (Rs18,643 million), madeup articles (Excl towels & bed-wear) (Rs14,089 million), rice basmati (Rs12,838 million) and fruits (Rs9,699 million).
Jul-Apr trade deficit widens 64.79pc to $39.264bn YoY
Cotton yarn exports registered a growth of 22.11 percent during July-April 2021-22 and remained at $1.006 billion compared to $823.952 million during the same period of last year, and decreased by 4.95 per cent in April 2022 and remained at $97.655 million when compared to $102.736 million during the same month of last year.
Petroleum group imports witnessed an increase of 95.84 per cent growth as they reached $17.033 billion in July-April 2021-22 compared to $8.697 billion during the same period of the last fiscal year and registered 19.44 per cent growth in April 2022 and remained $2.223 billion when compared to $1.861 billion in March 2022 and registered 94.38 per cent growth on a year-on-year basis in April 2022 when compared to $1.143 billion during the same month of last year.
Construction and mining machinery imports witnessed a growth of 33.19 per cent during July-April 2021-22 and remained at $151.852 million compared to $114.012 million during July-April 2020-21. The country’s trade deficit widened by 64.90 per cent from $23.826 billion in July-April 2020-21 to $39.290 billion in July-April 2021-22.
The main commodities of exports during April, 2022 were knitwear (Rs90,096 million), readymade garments (Rs64,669 million), bed wear (Rs51,398 million), cotton cloth (Rs38,763 million), rice others (Rs32,704 million), towels (Rs19,974 million), cotton yarn (Rs18,016 million), madeup articles (excluding towels and bedwear) (Rs15,277 million), rice basmati (Rs15,198 million) and surgical goods and medical instruments(Rs8,067 million).
Main commodities of imports during April 2022 were petroleum products (Rs232,765 million), petroleum crude (Rs98,427 million), natural gas liquefied (Rs71,072 million), palm oil (Rs67,840 million), plastic materials (Rs51,678 million), mobile phone (Rs39,460 million), raw cotton (Rs38,533 million), iron and steel (Rs35,157 million), iron and steel scrap (Rs32,751 million), and electrical machinery and apparatus (Rs28,572 million).
