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Exports up 5.11pc, imports down 1.14pc during first half of FY2013-14

Exports up 5.11pc, imports down 1.14pc during first half of FY2013-14

LAHORE: Pakistani exports have shot up by $ 0.615 billion, showing an increase of 5.11 per cent while imports have declined by $ 0.251 billion, showing a decrease of 1.14 per cent during the first half of the financial year 2013-14, Pakistan Bureau of Statistics showed.

According to details exports from the country during the period from July to December (2013-14) were recorded at $ 12.639 billion against the exports of $ 12.024 billion recorded during July-December 2012-13. Meanwhile imports into the country during the first half of the current fiscal year were recorded at $ 21.671 billion against the imports of $ 21.922 billion during the corresponding period of last fiscal year.

The data said that the trade deficit during the first half of FY 2013-14 was recorded at $9.032 billion against the deficit of $ 9.898 billion in the first half of FY 2012-13, showing a negative growth of 8.75 per cent.

On month-on-month basis, the exports from the country in December 2013 increased by 15.54 per cent to $ 2.275 billion when compared to the exports of $ 1.969 billion in December 2012. While, the imports decreased by 3.02 per cent from $ 3.672 billion in December 2012 to $ 3.561 billion in December 2013, the data revealed.

The trade deficit decreased by 24.49 per cent in December 2013 as compared to the trade deficit of the same month of last fiscal year.

On the other hand, exports in December 2013 increased by 26.11 per cent when compared to the exports of $ 1.804 billion in November 2013. The imports decreased by 2.47 per cent in December 2013 when compared to the imports of $ 3.651 billion in November 2013.

The trade deficit in December 2013 stood at $1.286 billion against $ 1.847 billion in November 2013, showing a negative growth of 30.37 per cent.