Non-textile exports drop 11.3pc

Published April 24, 2015
Exports dropped from $8.703 billion to $7.72bn during the first nine months (July-March) of this fiscal year. —Reuters/File
Exports dropped from $8.703 billion to $7.72bn during the first nine months (July-March) of this fiscal year. —Reuters/File

ISLAMABAD: Pakistan’s exports of non-textile products dropped by 11.29 per cent year-on-year from $8.703 billion to $7.72bn during the first nine months (July-March) of this fiscal year, according to the data of Pakistan Bureau of Statistics.

Exports of these products have been in decline for the past few months, while the support package that the government announced for the sector in the latest budget has yet to be implemented.

During the entire fiscal year 2013-14, exports of non-textile products were $11.40bn, almost steady compared to $11.42bn a year earlier.

Product-wise details show that exports of petroleum products decreased by 10.98pc year-on-year during July-March, led by decline in petroleum naphtha exports. However, exports of petroleum crude rose by 100pc and petroleum products 21.65pc.

Carpets and rugs exports fell by 4.50pc and sports goods by 4.65pc. Foreign sales of footballs were also down by 7.49pc. However, exports of gloves went up by 2.76pc.

Exports of tanned leather slid by 5.55pc while that of leather products by 4.30pc during the period under review.

While exports of all value-added leather products slipped, exports of leather gloves grew by 7.56pc.

Footwear exports swelled by 15.80pc, mainly driven by 19.11pc increase in exports of leather footwear. This is the only sector which witnessed an impressive growth during the nine-month period.

Export of surgical goods and medical instruments went down by 0.35pc and engineering goods by 25.50pc.

Year-on-year export of gur was down by 12.27pc, cement 6.86pc, molasses 70.20pc, and jewellery 98.39pc. However, exports of furniture rose by 2.11pc and handicrafts by 445pc.

In the food basket, rice exports dropped by 5.84pc during July-March 2014-15. Exports of sugar, oil, wheat, tobacco, vegetables and leguminous vegetables also witnessed decline during the period.

By contrast, exports of spices rose 18.53pc and meat 2.96pc from a year ago.

Published in Dawn, April 24th, 2015

On a mobile phone? Get the Dawn Mobile App: Apple Store | Google Play

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Rigging claims
Updated 04 May, 2024

Rigging claims

The PTI’s allegations are not new; most elections in Pakistan have been controversial, and it is almost a given that results will be challenged by the losing side.
Gaza’s wasteland
04 May, 2024

Gaza’s wasteland

SINCE the start of hostilities on Oct 7, Israel has put in ceaseless efforts to depopulate Gaza, and make the Strip...
Housing scams
04 May, 2024

Housing scams

THE story of illegal housing schemes in Punjab is the story of greed, corruption and plunder. Major players in these...
Under siege
Updated 03 May, 2024

Under siege

Whether through direct censorship, withholding advertising, harassment or violence, the press in Pakistan navigates a hazardous terrain.
Meddlesome ways
03 May, 2024

Meddlesome ways

AFTER this week’s proceedings in the so-called ‘meddling case’, it appears that the majority of judges...
Mass transit mess
03 May, 2024

Mass transit mess

THAT Karachi — one of the world’s largest megacities — does not have a mass transit system worth the name is ...