Pakistani exports register significant increase in FY 2019-20
ISLAMABAD: The export of base metals and articles from the country grew 35.62pc during the first two months of the current financial year (FY20) as compared to the corresponding months of last year.
During the period under review, the export of base metals and its articles was recorded at $115.044 million, as against $84.827 million recorded during the same period of last year, according to data issued by the State Bank of Pakistan (SBP).
The commodities that contributed positively included copper and its articles, exports of which grew from $28.295 million last year to $77.044 million during the period under review, showing an increase of 172.28pc.
The export of aluminium and its goods grew by 52.24pc, from $5.742 million to $8.742 million, while the exports of tools, implements, cutlery, spoons and forks also increased by 10.86pc, from $12.080 million to $13.393 million.
The export of miscellaneous articles of base metals increased by 8.57pc, from $0.373 million to $0.405 million.
Meanwhile, the commodities that contributed negatively included iron and steel, exports of which declined by 44.30pc, from $14.692 million in the first two months of FY19 to $8.182 million. The export of iron and steel articles also decreased by 20.85pc, from $7.333 million to $5.804 million.
The export of zinc and its articles dipped by 95.61pc, from $15.153 million to $0.665 million, whereas the export of nickel and its articles decreased by 39.13pc, from $0.046 million to $0.028 million.
SURGICAL GOODS & MEDICAL INSTRUMENTS
During the July-August 2019 period, different surgical goods and medical instruments worth $73.402 million were exported, as against the exports of $59.948 million in the corresponding period of last year, according to data released by the Pakistan Bureau of Statistics.
The export of pharmaceutical products grew by 8.21pc, as about 2,365 metric tonnes of pharmaceutical products, worth $38.500 million, were exported during the period under review, as against the exports of 1,890 metric tonnes, valuing $33.731 million, during the same period last year.