According to the Pakistan Bureau of Statistics (PBS), the country’s exports increased by 40.12% in rupee terms during the first eleven months of the current fiscal year compared to the same period last year.
Exports were registered at Rs5,066,656 million between July and May of 2021–2022 as compared to Rs3,615,847 million during the same time the previous year, representing a growth of 40.12%, according to preliminary data given by PBS.
In the meantime, year over year, May 2022 exports climbed by 100.49% compared to the same month in the previous year. In May 2020, exports were valued at Rs. 513,475 million, up from Rs. 256,105 million in May 2021.
When compared to the exports of Rs. 534,423 million in April 2022, and the exports climbed by 3.92 on a monthly basis.
Knitwear ($83,728 million), ready-made clothing ($62,887 million), bed wear ($55,008 million), cotton cloth ($45,215 million), rice others ($32,065 million), cotton yarn ($20,835 million), towels ($18,035 million), made-up articles other than towels and bedwear ($13,756 million), rice Basmati ($11,868 million), and plastic materials were the main exports during May 2022. (Rs.9,199 million).
On the other hand, imports increased by 58.58% from July through May of 2021–2022, totaling Rs12,671,120 million as compared to Rs7,990,528 million during the same period last year.