Monday, April 12, 2021

Pakistan: Exports remained flat at USD 1.89bn in Feb 19

Featured

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Latest data reveals that during Feb’19, exports remained similar to last year’s levels and clocked in at USD 1.89bn while down by 8% MoM to USD 2.04bn in Jan’19. Textile exports, which comprise around 58% of total exports, posted growth of 3% YoY.

- Advertisement -

Meanwhile, the Food group and Petroleum Group exports registered decline of 7% YoY and 43% YoY, respectively.

Exports under Food and Petroleum group plunged due to decline in exports of Sugar (-79% YoY), Petroleum Naphtha (-100% YoY), Petroleum Crude (-62% YoY) and Vegetables (-26% YoY).

On the other hand, textile exports increased due to rise in exports of value added products including Knitwear, Towels, Ready-made garments, Bed wear and raw cotton by 11%, 8%, 6%, 2% and 42% YoY, respectively.

Exports under Petroleum Group decreased due to decline in throughput of refineries which resulted in drop in exports of naphtha and petroleum products.

- Advertisement -

During 8MFY19, exports registered a growth of 2% YoY to USD 15.11bn as compared to USD 14.84bn in SPLY.

Key contributors to the improvement were Petroleum Group (+24% YoY), and All others (+9% YoY).

Exports growth was led by Wheat (+777% YoY), Oil seeds & Nuts (+122% YoY), Petroleum Crude (+53% YoY), and Cements (+38% YoY).

- Advertisement -
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]
- Advertisement -spot_img

Latest News

British Royal Artillery fires 41 salute rounds in honor of Prince Philip

The British Royal Artillery fired 41 artillery rounds during gun salutations across the UK; In honor of the death...
- Advertisement -

Related News