Exports increase by 8.48pc in 11 months

[Morpheus]

Exports increase by 8.48pc in 11 months
By
APP
-
June 19, 2020
0
224

ISLAMABAD: Pakistan’s exports increased by 8.48 per cent during the first eleven months of the current fiscal year compared to the corresponding period of the last fiscal year, according to data reported by the Pakistan Bureau of Statistics (PBS).

The exports from the country during July 2019 to May 2020 were recorded at Rs3,106,723 million compared to Rs2,863,885 million during the corresponding period of the last fiscal year, showing an increase of 8.48 per cent, according to provisional data released by PBS.

However, on an Year-on-Year (YoY) basis, exports from the country decreased by 26.78 per cent in May 2020 compared to exports of May 2019. Exports in May 2020 were recorded at Rs223,536 million compared to the exports of Rs305,303 million during May 2019.


On a Month-on-Month (MoM) basis exports increased by 42.01 per cent in May 2020 compared to the exports of Rs157,412 million in March 2020.

The main commodities exported during May 2020 included knitwear (Rs28,962 million), bed wear (Rs23,380 million), readymade garments (Rs21,708 million), cotton cloth (Rs15,731 million), basmati rice (Rs13,128 million), cotton yarn (Rs8,324 million), towels (Rs6,668 million) and fish and fish preparation (Rs4,554 million).

On the other hand, imports during July 2019 to May 2020 totaled Rs6,421,012 million compared to Rs6,767,523 million during the corresponding period of last year showing a decrease of 5.12 per cent.

Imports into Pakistan during May 2020 amounted to Rs458,272 million compared to Rs526,880 million (provisional) in April 2020 and Rs730,962 million during May 2019 showing a decrease of 13.02 per cent over April 2020 and of 37.31 per cent over May 2019.

The main commodities of imports during May 2020 were electrical machinery and apparatus (Rs31,412 million), iron and steel (Rs23,205 million), palm oil (Rs21,591 million), petroleum products (Rs20,813 million), power generating machinery (Rs20,339 million), iron and steel scrap (Rs19,435 million), plastic materials (Rs18,991 million), mobile phones (Rs17,778 million), liquefied natural gas (Rs17,285 million) and raw cotton (Rs16,535 million).


https://profit.pakistantoday.com.pk/2020/06/19/exports-increase-by-8-48pc-in-11-months/

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The numbers were solid, however when the virus hit, numbers slowed down. However, not by huge margin. The Jun 20 figure will show how much of an impact the virus has.

 

[Pakistansdefender]

Great. Had this pendemic not arrived we were going great. Anyways tough time produces hard man

 

[IceCold]

Ohh but we are doomed and all river of honey and milk flowing have disappeared thanks to Imran Niazi.
Says the PMLN Brigade.

 

[Syed1.]

In ruppee terms

 

[Type59]

Imports going up is a measure of success. Shows how rich Pakistanis were under Nawaz.

 

[KaiserX]

Thats a great increase seeing how global demand has been going down.

 

[Yaseen1]

In May 2019 pkr is 146 against usd and in 2020 it is 163 which is around 10 percent devaluation so it should be taken in to consideration when measuring exports increase

 

[Pakistan Space Agency]

So, the Shaikh Chillian PTI Government has now resorted to reporting these in the devalued Rupee currency instead of dollars to make it sound like an increase?

Pathetic.

 

[Protest_again]

So, the Shaikh Chillian PTI Government has now resorted to reporting these in the devalued Rupee currency instead of dollars to make it sound like an increase?

Pathetic.

Lol.

 

[Yaseen1]

what is state of indian exports these days

Lol.

 

[Protest_again]

what is state of indian exports these days

After steep falls, June exports show signs of improvement

And we just opened our economy.

 

[volatile]

However, on an Year-on-Year (YoY) basis, exports from the country decreased by 26.78 per cent in May 2020 compared to exports of May 2019. Exports in May 2020 were recorded at Rs223,536 million compared to the exports of Rs305,303 million during May 2019.
lol from the same article

 

[Protest_again]

However, on an Year-on-Year (YoY) basis, exports from the country decreased by 26.78 per cent in May 2020 compared to exports of May 2019. Exports in May 2020 were recorded at Rs223,536 million compared to the exports of Rs305,303 million during May 2019.
lol from the same article

Actually percentage decrease is way more in dollar terms it's just a feel good sort of way of reading the numbers like what the heck is month on month growth.

 

[The Accountant]

u are in the same group of person who was criticizing IK for not having lock down?

How can you play on both side. On one had you were pushing for lock down and on the other hand you are critisizing slow down.

Isnt it hypocrisy ?

However, on an Year-on-Year (YoY) basis, exports from the country decreased by 26.78 per cent in May 2020 compared to exports of May 2019. Exports in May 2020 were recorded at Rs223,536 million compared to the exports of Rs305,303 million during May 2019.
lol from the same article

Exports increase by 8.48pc in 11 months
By
APP
-
June 19, 2020
0
224

ISLAMABAD: Pakistan’s exports increased by 8.48 per cent during the first eleven months of the current fiscal year compared to the corresponding period of the last fiscal year, according to data reported by the Pakistan Bureau of Statistics (PBS).

The exports from the country during July 2019 to May 2020 were recorded at Rs3,106,723 million compared to Rs2,863,885 million during the corresponding period of the last fiscal year, showing an increase of 8.48 per cent, according to provisional data released by PBS.

However, on an Year-on-Year (YoY) basis, exports from the country decreased by 26.78 per cent in May 2020 compared to exports of May 2019. Exports in May 2020 were recorded at Rs223,536 million compared to the exports of Rs305,303 million during May 2019.


On a Month-on-Month (MoM) basis exports increased by 42.01 per cent in May 2020 compared to the exports of Rs157,412 million in March 2020.

The main commodities exported during May 2020 included knitwear (Rs28,962 million), bed wear (Rs23,380 million), readymade garments (Rs21,708 million), cotton cloth (Rs15,731 million), basmati rice (Rs13,128 million), cotton yarn (Rs8,324 million), towels (Rs6,668 million) and fish and fish preparation (Rs4,554 million).

On the other hand, imports during July 2019 to May 2020 totaled Rs6,421,012 million compared to Rs6,767,523 million during the corresponding period of last year showing a decrease of 5.12 per cent.

Imports into Pakistan during May 2020 amounted to Rs458,272 million compared to Rs526,880 million (provisional) in April 2020 and Rs730,962 million during May 2019 showing a decrease of 13.02 per cent over April 2020 and of 37.31 per cent over May 2019.

The main commodities of imports during May 2020 were electrical machinery and apparatus (Rs31,412 million), iron and steel (Rs23,205 million), palm oil (Rs21,591 million), petroleum products (Rs20,813 million), power generating machinery (Rs20,339 million), iron and steel scrap (Rs19,435 million), plastic materials (Rs18,991 million), mobile phones (Rs17,778 million), liquefied natural gas (Rs17,285 million) and raw cotton (Rs16,535 million).


https://profit.pakistantoday.com.pk/2020/06/19/exports-increase-by-8-48pc-in-11-months/

----------------------------

The numbers were solid, however when the virus hit, numbers slowed down. However, not by huge margin. The Jun 20 figure will show how much of an impact the virus has.

The numbers should be in USD not in PKR

 

[Patriot forever]

However, on an Year-on-Year (YoY) basis, exports from the country decreased by 26.78 per cent in May 2020 compared to exports of May 2019. Exports in May 2020 were recorded at Rs223,536 million compared to the exports of Rs305,303 million during May 2019.
lol from the same article

We had a partial lockdown, more importantly it was due to drop in global demand due to COVID 19. I thought you were a proponent of complete lockdown, why the sudden change in stance?
Export increase is 3.6% in dollar terms up to Feb this year. Moving forward due to Covid 19 exports and imports will decrease. Dollar equivalent is important in terms of trade deficit, the figures of this year trade deficit will be alot better than previous years.
The increase in export in terms of rupee is an important indicator of increase revenue for export industries. It means that their actual volume, manpower and capacity has increased on ground.