Exports Surge 35.33% to Rs 4.3 Trillion in First Half
Published on: January 23, 2024.
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Exports from Pakistan Show Significant Increase during First Half of Fiscal Year
According to the Pakistan Bureau of Statistics (PBS), Pakistan has witnessed a notable increase of 35.33 percent in exports during the first half of the current fiscal year, as compared to the same period last year. The provisional data released by PBS reveals that exports from July to December 2023 were recorded at Rs.4,300,752 million, compared to Rs.3,177,893 million during the corresponding period in 2022.
In a year-on-year comparison, exports in December 2023 increased by 54.59 percent, reaching Rs.799,588 million compared to Rs.517,240 million in October 2022. Moreover, in a month-on-month analysis, December 2023 exports saw an 8.86 percent increase, crossing Rs.734,541 million from the November figure.
The key export commodities in December 2023 were rice other than Basmati (Rs.124,040 million), knitwear (Rs.103,898 million), readymade garments (Rs.84,569 million), bed wear (Rs.64,119 million), cotton cloth (Rs.40,678 million), cotton yarn (Rs.26,984 million), towels (Rs.24,814 million), rice Basmati (Rs.22,888 million), badeup articles excluding towels & bedwear (Rs.16,991 million), and meat and meat preparations (Rs.12,472 million).
On the other hand, imports from July to December 2023 totaled Rs.7,533,700 million, increasing by 8.20% compared to the same period last year, which amounted to Rs.6,962,865 million. In a year-on-year analysis, imports in December 2023 reached Rs.1,317,463 million, showing a 13.94 percent increase compared to December 2022.
Furthermore, on a month-on-month basis, imports in December 2023 witnessed a 1.66 percent increase compared to November 2023, with imports reaching Rs.1,295,968 million.
The main commodities imported in December 2023 were petroleum crude (Rs.158,260 million), petroleum products (Rs.150,888 million), natural gas, liquefied (Rs.109,516 million), electric machinery & apparatus (Rs.63,667 million), palm oil (Rs.60,316 million), plastic materials (Rs.52,218 million), mobile phones (Rs.49,887 million), Iron & steel (Rs.41,654 million), Iron and steel scrap (Rs.30,426 million), and Motor cars, ckd/skd (Rs.29,543 million).
Overall, these statistics demonstrate the positive growth in Pakistan’s exports and imports, indicating the country’s strong presence in international markets.
For more information on Pakistan’s rice exports, visit [rice exporters](https://www.hasrice.com) and [Pakistan rice exporters](https://www.pakistanrice.com).
Source: [Daily Times](https://dailytimes.com.pk)
