The country’s textile group exports grew by 22.94 percent during the last financial year 2020-21 and remained $15.4 billion as compared to $12.526 billion during 2019-20, according to the Pakistan Bureau of Statistics (PBS).
The PBS data on the exports and imports revealed that the textile group exports registered an increase of 57.81 percent on a month-on-month basis when it reached $1.660 billion in June 2021 as compared to $1.051 billion in May 2021.
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Textile exports grew by 73.08 percent on a year-on-year basis and remained $1.660 billion in June 2021 as compared to $959.137 million in June 2020.
Raw cotton exports registered a decline of 95.27 percent during July-June 2020-21 and remained at $0.804 million, compared to $17.002 million during the same period last year. They remained zero during June 2021 like in May 2021.
Cotton yarn exports registered a growth of 3.26 percent during July-June 2020-21 and remained at $1.016 billion as compared to $984 million during the same period last year. They increased by 67.76 percent during June 2021 and remained at $120.931 million as compared to $72.087 million during May 2021, and increased by 62.71 percent as compared to $74.323 million during the same month of last year.
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Petroleum group imports had a growth of 9.09 percent as they reached $11.357 billion during July-June 2020-21 when compared to $10.411 billion during the same period last year. They increase by 144.38 percent when they reached $1.475 billion in June 2021 as compared to $603.84 million during June 2020, and registered a growth of 24.60 percent as compared to $1.184 billion in May 2021.
Construction machinery imports declined massively by 26.52 percent during the July-June 2020-21 and remained at $141.29 million as compared to $192.28 million during the same period last year.
The country’s exports during July-June 2020-2021 totaled $25.304 billion (provisional) against $21.394 billion during the corresponding period last year, showing an increase of 18.28 percent.
The exports in June 2021 were $2.729 billion (provisional) as compared to $1.671 billion (provisional) in May 2021, showing an increase of 63.32 percent and 70.67 percent as compared to $1.599 billion in June 2020.
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The country’s imports during July-June 2020-21 totaled $56.405 billion (provisional) against $44.553 billion during the corresponding period last year, showing an increase of 26.60 percent.
The imports in June 2021 were $6.377 billion (provisional) as compared to $5.297 billion (provisional) in May 2021, showing an increase of 20.39 percent and 72.21 percent as compared to $3.703 billion in June 2020.
The country’s trade deficit had widened by 34.10 percent to $31.101 billion during July-June 2020-21 as compared to $23.159 billion during the same period (July-June) of 2019-20.
The main export commodities during June 2021 were knitwear (Rs. 64,187 million), readymade garments (Rs. 50,895 million), bed wear (Rs. 46,694 million), cotton cloth (Rs. 31,980 million), cotton yarn (Rs. 18,885 million), rice others (Rs. 18,190 million), towels (Rs.15,465 million), madeup articles excluding towels and bedwear (Rs.12,342 million), fruits (Rs.11,792 million) and basmati rice (Rs.10,722 million).
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The main import commodities during June 2021 were petroleum products (Rs. 113,787 million), petroleum crude (Rs.59,761 million), power generating machinery (Rs.50,794 million), natural gas, liquefied (Rs. 49,083 million), palm oil (Rs. 42,366 million), medicinal products (Rs.38,121 million), electrical machinery and apparatus (Rs.34,669 million), plastic materials (Rs. 33,851 million), mobile phones (Rs.31,963 million), fertilizer manufactured (Rs. 27,767 million).