Exports of Pakistan during the first quarter (Jul-Oct), FY18

Transcription

1 Exports of Pakistan during the first quarter (Jul-Oct), FY18 During the first quarter (Jul-Oct), the total exports of goods were US$ 6.9 billion in fiscal year 2017 which surged to US$ 7.6 billion in fiscal year There is about 11.3% increase in exports of goods. Similarly, during the same period (Jul-Oct), the total imports of goods were US$ 13.7 billion in FY17 which surged to US$ 17.4 billion in FY18. There is about 26.3% increase in imports of goods. Exports and Imports of Goods (Million US $) Jul-17 P Aug-17 P Sep-17 R Oct-17 P FY17 FY18 Monthly (MoM) Jul - Oct Exports 1,828 2,104 1,744 1,980 6,878 7,656 Growth 15.1% -17.1% 13.5% 11.3% Imports 4,720 4,265 3,968 4,442 13,776 17,395 Growth -9.6% -7.0% 11.9% 26.3% Source: State Bank of Pakistan (SBP). During the month of Oct 2017, exports faced 8.4% and 1.5% growth in goods and services, respectively. Pakistan s total exports of goods and services experienced 7.2% growth in Oct and 9.9% growth in the first quarter (Jul-Oct) of the fiscal year Exports of Goods and Services OCTOBER JULY - OCTOBER Exports Growth Growth (US$ 000) (US$ 000) (%) (US$ 000) (US$ 000) (%) Export of Goods 1,826,000 1,980,000 Export of Services 394, ,170 Total Export of Goods and Services 2,220,252 2,380,170 Source: State Bank of Pakistan (SBP). 8.4% 1.5% 7.2% 6,878,000 7,655,999 1,598,415 1,663,393 8,476,415 9,319, % 4.1% 9.9% Major sectors which led growth in Pakistan s exports of goods during the first quarter (Jul-Oct) include live animals & animals products (14.2%), prepared foodstuffs; beverages, spirits, vinegar & tobacco (85.4%), mineral products (15.7%), products of chemical or allied industries (83.1%), plastics & rubber articles (10.9%), raw hide & skins, leather, fur skins articles (7.4%), textile articles (9.0%), base metals & articles (33.3%), vehicles, aircraft, vessels & associated transport equipment (15.3%), optical, photographic, cinematographer, measuring, checking, precision apparatus (11.9%), and miscellaneous manufactured articles (3.2%), etc.

2 Similarly, important sectors which led growth in Pakistan s exports of services during the same period include government goods & services (6.5%), other business services (1.8%), telecommunications, computer, & information services (16.6%), financial services (46.2%) and travel (19.7%), etc. Detailed statistics can be seen from the table given below; EXPORT OF GOODS BY COMMODITY AND SERVICES BY TYPE HS CODE-COMMODITY OCTOBER Growth (US$ 000) (US$ 000) (%) JULY - OCTOBER Growth (US$ (US$ 000) 000) (%) (A) Export Receipts (Scheduled Banks) 1,663,006 1,969, % 6,633,913 7,410, % 01-Live Animals and Animals Products 56,931 69, % 188, , % 01- Live Animals % 1,037 2, % 02- Meat and Edible Meat Offal 16,036 17, % 69,043 67, % 03- Fish and Crustaceans 31,868 43, % 89, , % 04- Dairy, Eggs, Honey and Edible Products 7,061 5, % 22,852 19, % 05- Products of Animal origin NES 1,598 2, % 6,394 8, % 02-Vegetable Products 201, , % 644, , % 06- Live Trees and other Plants % % 07- Edible Vegetables 6,934 6, % 28,546 27, % 08- Edible Fruits and Nuts 20,622 14, % 92,015 80, % 09- Coffee, Tea, Mate and Spices 7,118 7, % 29,037 26, % 10- Cereals 124, , % 399, , % 11- Products of Milling Industry 34,748 3, % 67,792 20, % 12- Oil Seeds and Oleaginous Fruit 4,893 8, % 18,031 26, % 13- Other Vegetable Saps and Extracts; Lac,Gums,Resins 14- Vegetable Planting Materials 03-Animal or Vegetable Fats, Oils and Waxes 15- Animal or Vegetable Fats, Oils & Cleavage Products 04-Prepared Foodstuffs; Beverages, Spirits, Vinegar 2,178 3, % 7,552 14, % % 1,892 2, % 4,327 2, % 13,980 13, % 4,327 2, % 13,980 13, % 35,855 98, % 163, , %

3 and Tobacco 16- Preparation of Meat, Fish and Crustaceans etc. 17- Sugars and Sugar Confectionery 18- Cocoa and Cocoa Preparations 19- Preparation of Cereals, Flour and Starch etc. 20- Preparation of Vegetables, Fruits and Nuts etc. 21- Miscellaneous Edible Preparations 22- Beverages, Spirits and Vinegar 23- Residues from Food Industries, Animal Fodder 24- Tobacco and Manufactured Tobacco Substitutes 1,616 1, % 3,065 3, % 7,402 48, % 31, , % % 1,179 1, % 5,291 3, % 18,340 12, % 2,776 3, % 15,310 19, % 1,112 1, % 5,870 7, % 13,914 33, % 78, , % 2,792 1, % 7,234 6, % 650 5, % 2,774 11, % 05-Mineral Products 90, , % 351, , % 25- Salt, Sulfur, Earth's and Stones, Lime and Stone 41,130 42, % 158, , % 26- Ores Slag and Ash 8,004 14, % 32,950 34, % 27- Mineral Fuels, Oils and Their Distillation Product 06-Products of Chemical or Allied Industries 28- Organic or Inorganic Compounds of Precious Metals 40,985 57, % 160, , % 34,299 60, % 131, , % 1,595 2, % 6,573 8, % 29- Organic Chemicals 838 1, % 3,548 4, % 30- Pharmaceutical Products 15,800 19, % 66,189 90, % 31- Fertilizers 3 22, % , % 32- Tanning or Dyeing Extracts 2,986 2, % 10,436 10, % 33- Oils & Resinoids, Perfumery or Toilet 2,424 2, % 9,885 12, % Preparation 34- Soap, Org. Surface-Active agents,washing Products 2,395 3, % 7,150 12, % 35- Albuminoidal Substances; Starches, Glues, Enzymes 36- Explosives, Pyrotechnic Products and Matches etc , % 3,404 3, % % 3,306 3, % 37- Photographic or 20.0% -19.2%

4 Cinematographic Goods Miscellaneous Chemical -32.3% Products 6,511 4,411 20,654 17, Plastics and Articles thereof; Rubber and Articles 10.0% 24,070 26, , ,094 thereof 39- Plastics and Articles -0.5% thereof 21,265 21, , , Rubbers and Articles 89.5% thereof 2,805 5,316 11,942 17, Raw Hide and Skins, Leather, Fur skins and 15.5% 75,499 87, , ,591 Articles thereof 41- Raw Hides, Skins and -7.7% Leather other than Fur skins 29,655 27, , , Articles of Leather, Travel Goods and Handbags etc 45,785 59, Furskins and Artificial Fur, Manufactures thereof Wood and Articles of Wood 3,522 4, Wood and Articles of Wood; Wood Charcoal 3,476 4, % -98.3% 21.8% 21.6% 45- Cork and Articles of Cork Manufactured of Straw, Basketware and Wickerwork Pulp of Wood or of other Fibrous Cellulosic Material 10,298 8, Pulp of Wood or other Fibrous Cellulosic Materials Paper and Paperboard, Articles of Paper Pulp 9,868 7, Books, Newspapers & Products of Printing Industry Textiles and Textile Articles 1,004,722 1,173, Silk Wool, Fine or Coarse Animal Hair, Horsehair Yarn % -21.4% -47.7% -21.9% 20.2% 16.8% 8.8% -62.8% 199, , ,596 15,091 13,423 14, ,587 22, ,882 20,126 8,902 1,074 4,088,520 4,455,307 1, ,767 1, % 10.9% 7.5% 44.0% 7.4% -9.2% 18.2% -23.3% 11.0% 11.6% -73.3% -36.1% -53.5% 13.8% -46.9% -87.9% 9.0% -14.4% -37.8% 52- Cotton 280, , Other Vegetable Textile Fibres; Paper Yarn etc % -9.0% 1,112,182 1,174, , Man-Made Filaments 50.8% 5.1% 5.6% 7.4%

5 1,902 2,869 6,496 6, Man-Made Staple Fibers 23,855 25, % 56- Wadding, Felt and Nonwovens, Special Yarn, 25.0% 4,257 5,321 Twine 57- Carpets and other Textile Floor Coverings 7,591 7, % 58- Special Woven Fabrics,Tufted Textiles -71.4% 8,944 2,561 Fabrics,Lace 59- Impregnated, Coated, Covered or Lamented Tex. 5.1% Fab. 60- Knitted or Crocheted Fabrics 2,258 2, % 61- Articles of Apparel & Clothing Accessories Knit/Cr 198, , % 62- Articles of Apparel/Clothing Acces not 25.9% 163, ,637 Knited /Cro 63- Other Made-up Textile Articles; Sets, Worn Clothin 311, , % 12-Footwear, Headgear, Umbrellas, Walking Sticks 2.9% 7,316 7,527 etc. 64- Footwear, Gaiters & the Like; Parts of such Articl 7,229 6, % 65- Headgear and other Parts thereof % 66- Umbrellas, Walking- Sticks, hips Riding-Crops,Parts Prep Feathers, Human Hair/Artcls, Artific Flowers Articles of Stone, Plaster, Cement, Asbestos, Mica or similar Materials 3,855 2, Articles of Stone, Plaster, Cement, Mica etc. 2,088 1, Ceramic Products 70- Glass and Glassware 14-Natural or Cultured Pearls, Precious or Semi Precious Stones, Metals ,099 1,031 2,065 1, % -22.6% -38.8% 1.0% -6.2% -24.3% 89,294 97,109 18,267 45,880 27,489 26,088 37,770 11,463 3,038 3,154 11,500 11, , , , ,817 1,215,347 1,341,485 32,305 34,632 31,824 33, , ,495 11,915 7,933 4,689 2,412 2,636 4,150 4,590 5,759 4, % 151.2% -5.1% -69.7% 3.8% -0.5% 11.4% 10.5% 10.4% 7.2% 4.5% 280.5% -35.2% 28.0% -17.8% -40.9% 9.3% 10.6% -18.9%

6 71- Pearls, Stones, Precious Metals, Imitation Jewelry 2,065 1, Base Metals and Articles or Base Metal 22,020 49, Iron and Steel 4,923 11, Articles of Iron or Steel 4,961 6, Copper and Articles thereof 3,644 15, Nickel and Articles thereof Aluminum and Articles thereof 2,415 1, Lead and Articles thereof 79- Zinc and Articles thereof , % 124.0% 142.7% 28.7% 334.8% -98.0% -27.9% -73.8% 80- Tin and Articles thereof Other Base Metals; Cermets; Articles thereof NES % 82- Tools, Implements, Cutlery,Spoons & Forks of 18.5% 5,452 6,461 Base 83- Miscellaneous Articles of Base Metal % 16-Machinery and Mechanical Appliances 12,055 12, % 84- Nuclear Reactors, Boilers, Machinery and Appliance 7,826 7, % 85- Electrical Machinery & Equipment and Parts thereof 4,229 4, Vehicles, Aircraft, Vessels and Associated Transport Equipment 2,834 3, Railway or Tramway Locomotives rolling - Stock/Parts Vehicles other than Railway /Tramway Rolling Stock 2,733 3, Aircraft, Spacecraft and - Parts Thereof Ships, Boats and Floating Structures Optical, Photographic, Cinematographer, 32,000 34, % 15.1% 13.9% 10.9% 9.2% 5,759 4, , ,102 17,813 29,697 25,334 24,272 51,208 62, ,966 8, , , ,692 22, ,026 50,043 50,136 30,966 28,956 19,077 21,181 12,119 13, ,492 13, , , % 33.3% 66.7% -4.2% 22.8% -84.5% 20.8% 693.1% % -27.5% 77.8% 8.7% 74.5% 0.2% -6.5% 11.0% 15.3% 80.0% 18.6% -88.7% -27.8% 11.9%

7 Measuring, Checking, Precision Apparatus 90- Optical, Photographic, Measuring and Medical Inst. 30,918 33, Clocks and Watches and Parts Thereof Musical Instruments; Parts and Accessories thereof Arms and Ammunition, Parts and Accessories thereof 419 2, Arms and Ammunition; Parts and Accessories thereof 419 2, Miscellaneous Manufactured Articles 39,647 46, Furniture; Bedding, Mattresses, Lamps and lighting 6,619 7, Toys, Games and Sports Requisites; Parts & Acces. 32,146 37, Miscellaneous Manufactured Articles 882 1, Works of Arts, Collectors, Pieces, Antiques and Special Transactions NES 56 1, Works of Arts, Collectors' pieces and Antiques Special Classification Provisions 13 1,650 (B) Freight 19,460 18,024 (C) Other Exports unaccounted for by Scheduled Banks 174,079 16,353 (D) Total Exports of General Merchandise (A-B+C) 1,817,625 1,968,145 (E) Other Exports under BPM6 8,375 11,855 (F) Export of Goods (D+E) TYPE OF SERVICE 1,826,000 1,980,000 OCTOBER 9.3% 1.3% 21.5% 557.0% 557.0% 16.8% 19.1% 16.1% 23.8% % -93.0% % -7.4% -90.6% 8.3% 41.6% 8.4% Growth (US$ 000) (US$ 000) (G) Total Export of Services 394, ,170 Maintenance And Repair Services N.i.e ,210 (%) 1.5% % 119, ,354 4,936 3,090 1,465 1,624 2,157 6,500 2,157 6, , ,612 29,571 32, , ,277 6,060 3, , ,774 68,262 67, , ,817 6,852,976 7,611,207 25,024 44, % -37.4% 10.9% 201.3% 201.3% 3.2% 10.6% 3.6% -39.9% % 2.5% % -0.7% -6.4% 11.1% 79.0% 6,878,000 7,655, % JULY - OCTOBER Growth (US$ (US$ 000) 000) (%) 1,598,415 1,663,393 3,130 4, % 39.0%

8 Maintenance and repair services n.i.e ,210 Transport Sea transport Air transport Road transport Rail transport Postal and courier services Travel Business Personal Construction 72,110 76,930 3,820 2,140 63,780 71,550 4,410 3, ,840 28, ,420 28,760 11,150 10,130 Construction abroad 11,150 10,130 Insurance And Pension Services 6,000 2,950 Direct Insurance Reinsurance Auxiliary insurance services 3,044 2,336 2, % 6.7% -44.0% 12.2% -27.4% -55.6% 32.5% -59.5% 34.3% -9.1% -9.1% -50.8% -23.3% -86.7% % Financial Services 11,340 3, % Explicitly charged and other financial services 9,340 3, % Financial intermediation service charges indirectly 2,000 measured (FISIM) Charges For The Use Of - Intellectual Property N.i.e. 850 Charges for the use of - intellectual services 850 Telecommunications, Computer, And Information 24.3% 66,960 83,260 Services Telecommunications services Computer services 24,060 29,990 42,830 53, % 24.2% 3,130 4, % 359, , % 13,900 9, % 325, , % 19,901 13, % % 860 1, % 97, , % 2,100 1, % 95, , % 35,750 25, % 35,750 25, % 19,224 10, % 8,107 6, % 10,854 3, % % 32,860 48, % 23,860 48, % 9,000 1,410 2, % 1,410 2, % 287, , % 115, , % 170, , %

9 Information services % % Other Business Services 95, ,580 Research and development services 1,520 1,110 Professional and management consulting services 17,990 26,730 Technical, trade-related and other business services 76,342 73,740 Personal, Cultural, And Recreational Services 1,080 1,000 Audiovisual and related services Other personal, cultural, and recreational services Government Goods And Services N.i.e. 107,820 89, % -27.0% 48.6% -3.4% -7.4% 3.2% -78.6% -16.6% 370, ,736 3,340 4,010 67,340 86, , ,876 6,780 5,451 6,140 5, , , % 20.1% 29.0% -4.5% -19.6% -16.9% -45.3% 6.5% Embassies and consulates 38,410 30, % 102, , % Military units and agencies 3, % 73,590 88, % Other 66,320 58,960 (H) Total Export of Goods and Services (F+G) 2,220,252 2,380,170 Source: State Bank of Pakistan (SBP) % 7.2% 209, ,810 8,476,415 9,319, % 9.9%