Pakistan’s exports of non-textile merchandise have plunged 6.16 per cent year-on-year to $7.46 billion within the first eight months of the present fiscal yr (FY2022-23).
The export proceeds of the non-textile sector witnessed stagnation for the reason that begin of the present fiscal yr as demand slowed down within the consumers’ market.
Knowledge compiled by the Pakistan Bureau of Statistics (PBS) reveals that no progress was recorded in exports since September 2022 on a year-on-year foundation.
The non-textile exports recorded a progress of 25.85computer in FY22, the info additional reveals.
Within the value-added leather-based sector, exports of leather-based clothes dropped by 8.37computer. The export of leather-based gloves dipped 0.31computer in July-February of 2022-23. Opposite to this, the exports of uncooked leather-based additionally decreased by 15.18computer.
The export of cement fell by 34.45computer throughout the first eight months this yr from a yr in the past.
The export of surgical devices surged 8.16computer in 8MFY23 over the identical interval final yr. The exports of pharmaceutical merchandise additionally grew by 30.38computer.
The export of carpets dipped by 8.45computer whereas that of sports activities items grew by 18.28computer in 8MFY23. The gross sales of footballs had been up 35.70computer due to its bulk provide to FIFA world cup 2022.
The PBS information additional reveals that the meals basket posted unfavorable progress of 6.08computer in July-February from a yr in the past.
The exports of rice witnessed a unfavorable progress of 12.09computer year-on-year in July-February primarily due to a drop within the demand for basmati rice.
The basmati exports in worth decreased by 10.56computer and 25.18computer in amount whereas non-basmati exports had been down by 12.68computer in worth and 16.78computer in amount.
The export of spices dipped by 14.30computer, adopted by oilseeds, nuts by 26.02computer, fruits by 40.47computer, and greens by 3.65computer, respectively.
The export of meat and merchandise was up 16.78computer, adopted by the export of fish merchandise elevated by 12.09computer and tobacco by 26computer in July-February FY23 over the past yr months, the PBS information reveals.