The country’s exports in rupee terms witnessed an increase of 28.75 percent during the first eleven months of the current fiscal year compared to the corresponding period last year, the Pakistan Bureau of Statistics (PBS) reported.
Exports during July–May (2023-2024) totaled Rs. 7,962,082 million, up from Rs. 6,183,949 million in the same period last year, according to PBS provisional figures.
Exports from Pakistan in May 2024 rose by 25.99 percent to Rs. 790,199 million, compared to Rs. 627,199 million in May 2023. On a month-on-month basis, exports increased by 20.83 percent in May 2024 compared to Rs. 653,957 million in April 2024.
The main export commodities during May 2024 included knitwear (Rs. 115,022 million), readymade garments (Rs. 97,564 million), bedwear (Rs. 77,184 million), rice (other varieties) (Rs. 75,311 million), cotton cloth (Rs. 48,117 million), towels (Rs. 28,768 million), petroleum products excluding top naphtha (Rs. 25,393 million), Basmati rice (Rs. 20,807 million), made-up articles excluding towels and bedwear (Rs. 18,558 million), and cotton yarn (Rs. 17,883 million).
On the other hand, imports during July–May (FY2023-24) totaled Rs. 14,109,047 million, up from Rs. 12,272,596 million in the same period last year, showing an increase of 14.96 percent. Imports into Pakistan during May 2024 amounted to Rs. 1,376,815 million (provisional), compared to Rs. 1,347,817 million in April 2024 and Rs. 1,228,739 million in May 2023, reflecting an increase of 2.15 percent over April 2024 and 12.05 percent over May 2023.
The main import commodities in May 2024 were petroleum products (Rs. 188,213 million), crude petroleum (Rs. 139,096 million), electric machinery and apparatus (Rs. 102,630 million), liquefied natural gas (Rs. 90,251 million), palm oil (Rs. 64,276 million), iron and steel (Rs. 57,624 million), plastic materials (Rs. 50,812 million), mobile phones (Rs. 44,198 million), medicinal products (Rs. 32,719 million), and iron and steel scrap (Rs. 31,537 million).
