Home / Knowledge / News / Negative trade balance peaks as imports grow faster than exports
Negative trade balance peaks as imports grow faster than exports
06
Nov '08
According to the provisional figures compiled by the Federal Bureau of Statistics, exports from Pakistan during September 2008 amounted to Rs.137.31 billion (provisional) as against Rs.117.68 million (provisional) in August 2008 and Rs.90.01 billion in September 2007 showing an increase of 16.68 percent over August 2008 and of 52.55 percent over September of last year.

In US dollars terms exports increased by 12.34 percent in September 2008 to reach US $1.77 billion (provisional) when compared with $1.58 billion (provisional) in August 2008 and grew by 19.88 percent when corresponded with $1.48 billion achieved in September 2007.

Exports during July-September 2008 totaled to Rs.389,507 million (provisional) as against Rs.267,520 million during the corresponding period of last year showing an increase of 45.60 percent. In US dollar terms exports during July-September 2008 fetched $5.26 billion (provisional) as against $4.42 billion during the corresponding period of last year, resulting in a growth of 19.19 percent.

Main commodities exported in September 2008 were Cotton cloth (Rs.14,166 million), Knitwear (Rs.13,190 million), Bed wear (Rs.12,451 million), Cotton yarn (Rs.7,922 million), Readymade garments (Rs.7,713 million), Art, silk & synthetic textile (Rs.5,514 million) and Towels (Rs.4,743 million).

Imports into Pakistan during September 2008 amounted to Rs.293,760 million (provisional) as against Rs.257,186 million (provisional) in August 2008 and Rs.165,835 million during September 2007 showing an increase of 14.22 and 77.14 percent August 2008 and September 2007 respectively.

In US dollar terms imports increased by 9.97 percent in September 2008 to touch $3.80 billion (provisional) as compared to $3.46 billion (provisional) in August 2008 and rose by 39.20 percent when contrasted with $2.73 billion reached in September 2007.

Imports during July-September 2008 totaled to Rs.801,532 million (provisional) as against Rs.487,547 million during the corresponding period of last year showing an increase of 64.4 percent. In US dollar terms imports during July-September 2008 appropriated to $10.8 billion (provisional) as against $8.05 billion during the comparative period of the previous year, thereby, marking a growth of 34.29 percent.

Based on the provisional figures of imports and exports the balance of trade in September 2008 stood at a negative Rs.156,441 million and $2.02 billion in US dollar terms. Cumulative figures for negative balance of trade in the period July- September 2008 reached Rs.412,025 million in terms of Rupees and $5.54 billion in US dollar terms.

Fibre2fashion News Desk - India


Must ReadView All

EU renews GSP+ scheme for Pakistan 2 years

Apparel/Garments | On 24th Feb 2018

EU renews GSP+ scheme for Pakistan 2 years

Pakistani exporters can enjoy preferential duties on exports to the...

Surat wary of e-way bills

Textiles | On 24th Feb 2018

Surat wary of e-way bills

There is no respite for Surat’s textile manufacturers and retailers....

Retailers choose sides in Alibaba-Tencent battle in China

Apparel/Garments | On 24th Feb 2018

Retailers choose sides in Alibaba-Tencent battle in China

Two big Chinese firms— Alibaba Group Holding Ltd and Tencent Holdings ...

Interviews View All

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Urmil Arya

Sushila International, a well established textile organisation established ...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search