Commodities : Rise in exports greater than imports

Saturday, July 20, 2013 By Abrar Hamza

The total increase in exports of commodities during fiscal year (FY) 2012-13 outweighed that of imports as the exports went up by 3.0 percent while the imports rose just slightly by 0.08 percent, data of Pakistan Bureau of Statistics (PBS) stated on Friday.Commodities : Rise in exports greater than imports
Total value of selected commodities imports stood at $44.950 billion in FY 2012-13 as compared to $44.911 billion in FY 2011-12 while total exports of selected commodities stood at $24.515 billion in FY 2012-13 as against of $23.624 billion in the last fiscal.
However, on monthly basis total imports of selected commodities declined by 9.0 percent to $3.939 billion in June 2013 as compared to $4.344 billion in May 2013 while it witnessed a meagre yearly change of 0.99 percent as compared to $3.929 billion worth of imports in June 2012.
Total exports on monthly basis in June 2013 increased by 1.0 percent to $2.197 billion as against the sum of $2.175 billion in May 2013 while it improved by 3.0 percent on yearly basis as compared to $2.137 billion in June 2012.
PBS has released provisional figures of imports of selected commodities including food, machinery, transport, textile, agriculture, petroleum, metal and miscellaneous groups. Commodities exported include food, textile, leather, petroleum and coal, footwear, gem and jewellery and other manufacturer groups.
Food group including milk, non-milled wheat, dry fruit, tea, spices, soya bean, palm oil, sugar, pulses and all other food items imports decreased in FY 2012-13 by 16 percent to $4.187 billion as against $4.993 billion in FY 2011-12.
Food group items import witnessed a 13 percent monthly increase to an amount of $258.369 million in June 2013 as compared to $296.806 million in May 2013 while it slipped by 0.99 percent on yearly basis as compared to $409.261 million in June 2012.
Food group exports including rice, wheat, fruits, tobacco and other items surged by 11 percent in FY 2012-13 to $4.732 billion as compared to $4.249 billion in FY 2011-12. On monthly basis food group exports fell by 0.36 percent to $406.290 million in June 2012 as against $407.760 million in May 2013 while it witnessed a massive increase of 19 percent as compared to $340.455 million in June 2012.
Agricultural group imports in FY 2012-13 declined by 11 percent to $6.372 billion as compared to $7.143 billion in FY 2011-12. However on monthly basis agricultural imports increased by 9.0 percent to $612.672 million in an opposition to $563.564 million in May 2013 while on yearly basis it improved slightly by 0.89 percent as against $607.267 million in June 2012.
Textile group’s imports witnessed an increase by 9.0 percent to $2.611 billion in FY 2012-13 as compared to $2.398 billion in FY 2011-12. During June 2013 it decreased by 20 percent to $186.966 million as compared to $232.135 million in May 2013 while it also declined by 15 percent on yearly basis as compared to $213.766 million in June 2012.
Textile group’s exports rose by 6.0 percent in FY 2012-13 to $13.664 billion as compared to $12.336 billion in FY 2011-12 On monthly basis it decreased by 4.0 percent to $1.136 billion in June 2013 as against $1.187 billion in May 2013, however, on yearly basis it improved by 5.0 percent as compared to $1.080 billion in June 2012.

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Source: Daily Times

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