Petroleum group imports witnessed an increase of 112.33 percent as they reached $8.379 billion in July-November 2021 compared to $3.946 billion during the same period of the last fiscal year, says the Pakistan Bureau of Statistics (PBS).

The exports and imports data released by the PBS revealed that petroleum group imports registered 36.04 percent growth in November 2021 and remained $2.182 billion, compared to $1.604 billion in October 2021. On a year-on-year basis, petroleum group imports registered 180.55 percent growth compared to the same month of 2020.

Construction and mining machinery imports witnessed a growth of 42.32 percent during the July-November period and remained at $67.43 million, compared to $47.37 million during July-November 2020.

The construction and mining machinery imports registered 99.10 percent growth on a year-on-year basis and remained $16.963 million in November 2021, compared to $8.520 million in November 2020. The imports in this group registered 43.24 percent increase on a month-on-month basis when compared to $11.842 million in October 2021.

The country’s textile group exports witnessed 28.41 percent growth during the first five months (July-November) of the current fiscal year and remained $7.758 billion, compared to $6.041 billion during the same period of the last fiscal year.

The textile group exports on a month-on-month basis witnessed 8.45 percent growth and remained $1.736 billion in November 2021 compared to $1.6 billion in October 2021.

On a year-on-year basis, textile group exports witnessed 35.33 percent growth in November 2021, when compared to $1.282 billion in November 2020.

Cotton yarn exports registered a growth of 65.45 percent during July-November 2021 and remained at $503.897 million compared to $304.553 million during the same period of last year. The exports in this group increased by 47.03 percent in November 2021 and remained $109.133 million when compared to $74.224 million during the same month of last year. Raw cotton exports witnessed a 100 percent decline on a month-on-month basis as well as on a year-on-year basis.

The country’s exports during July-November 2021 stood at $12.364 billion (provisional) against $9.744 billion during the corresponding period of last year, showing an increase of 26.89 percent.

The country’s exports in November 2021 stood at $2.903 billion (provisional) as compared to $2.464 billion (provisional) in October 2021 showing an increase of 17.82 percent and a 33.72 percent increase as compared to $2.171 billion in November 2020.

The country’s imports during July-November 2021 stood at $33.012 billion (provisional) as against $19.468 billion during the corresponding period of last year showing an increase of 69.57 percent.

The imports in November 2021 stood at $7.928 billion (provisional) as compared to $6.369 billion (provisional) in October 2021 showing an increase of 24.48 percent and an 84.72 percent increase as compared to $4.292 billion in November 2020.

The country’s trade deficit widened by 112.34 percent from $9.724 billion in July-November 2020 to $20.648 billion in July-November 2021. The trade deficit widened by 136.92 percent in November 2021, and remained $5.025 billion compared to $2.12 billion in November 2020.

Main commodities of exports during exports during November 2021 were knitwear (Rs. 79,221 million), readymade garments (Rs. 56,877 million), bed wear (Rs. 54,516 million), cotton cloth (Rs. 35,444 million), rice others (Rs. 29,203 million), cotton yarn (Rs.18,883 million), towels (Rs.18,217 million), madeup articles (excl. towels & bedwear) (Rs.14,560 million), rice basmati (Rs.10,872 million) and fish & fish preparations (Rs.9,364 million).

Main commodities of imports during November 2021 were petroleum products (Rs. 218,224 million), medicinal products (Rs.119,194 million), petroleum crude (Rs.75,456 million), natural gas liquified (Rs. 72,372 million), palm oil (Rs. 67,478 million), plastic materials (Rs. 51,515 million), iron & steel (Rs.48,005 million), iron & steel scrap (Rs.47,603 million), mobile phone (Rs.36,691 million) and electrical machinery & apparatus (Rs. 32,400 million).

Source: Pro Pakistani