October data: Exports fall, imports rise

Cumulative export figures for four months (July-October) of the current fiscal year saw shipments grow 12.9 per cent.

KARACHI:

Pakistan’s exports dropped 2.2 per cent in October compared to the same month last year while imports jumped 12.9 per cent, figures released by the Trade Development Authority of Pakistan (TDAP) show.

Exports were valued at $1.896 billion, down from $1.938 billion in October 2010. On the other hand, imports totalled $3.607 billion compared to imports valued at $3.196 billion in October last year. Trade deficit in the month came to $1.71 billion.

However, cumulative export figures for four months (July-October) of the current fiscal year painted a positive picture as shipments grew 12.9 per cent.

Exports during July-October 2011-12 stood at $7.899 billion against shipments worth $6.996 billion in the corresponding period of last year.

However, imports grew at a faster pace of 17.1 per cent in the four-month period. Imports during July-October were recorded at $14.31 billion compared to $12.225 billion in the corresponding period of 2010-11.

Published in The Express Tribune, November 11^th,  2011.