China exports post surprise jump despite power crunch

Exports increase by 24pc to Rs 742,259m in two months

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Islamabad: According to the Pakistan Statistics Bureau (PBS), compared with the same period last year, the country’s rupee exports increased by 23.86% in the first two months of this fiscal year.

According to the PBS provisional data released by PBS, the country’s exports from July to August 2021-22 were recorded at 742.59 billion rupees, while exports from July to August 2020-21 were 599.25 billion rupees.

At the same time, compared with exports in August 2020, the country’s exports in August increased by 38.87% year-on-year. The export value in August 2021 is Rs. 368,847 million rupees in exports. During August 2020, it was 265.6 billion.

On a monthly basis, exports increased by 1.22% compared to exports of rupee. In July 2021, it was 373.412 billion.

The main commodities of exports during August, 2021 were knitwear (Rs. 59,761 million), readymade garments (Rs. 46,565 million), bed wear (Rs. 43,448 million), cotton cloth (Rs. 30,880 million), cotton yarn (Rs. 16,987 million), rice (Rs. 14,765 million), towels (Rs.13,586 million), madeup articles (excl. towels & bedwear) (Rs.10,845 million), Basmati rice (Rs.8,285 million) and fruits (Rs.6,355 million).

On the other hand, Imports during July–August, 2021 totaled Rs. 1,971,740 million as against Rs. 1,168,727 million during the corresponding period of last year showing an increase of 68.71%.

Likewise, Imports during August, 2021 amounted to Rs. 1,081,961 million as against Rs. 889,779 million in July, 2021 and Rs. 556,064 million during August 2020 showing an increase of 21.60% over July, 2021 and of 94.57% over August 2020.

Main commodities of imports during August, 2021 were petroleum products (Rs. 146,370 million), medicinal products (Rs.74,712 million), petroleum crude (Rs.72,609 million), natural gas, liquefied (Rs. 62,316 million), Palm Oil (Rs. 53,005 million), plastic materials (Rs. 43,624 million), iron & steel (Rs.38,773 million), electrical machinery & apparatus (Rs.35,333 million), power generating machinery (Rs.28,834 million) and iron & steel scrap (Rs. 28,731 million).

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