ISLAMABAD – The imports of transport group decreased by 28.87 percentduring the first seven months of the current fiscal year compared to thesame month of last year.
The transport group imports during July-January (2018-19) were recorded at$1826.127 million against the imports of $2567.322 million duringJuly-January (2017-18), according to Pakistan Bureau of Statistics (PBS).
Among the transport group, the imports of Completely Built Units (CBU)buses, trucks and other heavy vehicles decreased by 40.05 percent, from$147.743 million last year to $88.574 million whereas the imports of CBUmotor cars decreased by 36.08 percent, from $302.616 million to $193.430.The imports of CBU motorcycles also witnessed negative growth of 41.19percent by falling from $3.982 million to $2.342 million.
On the other hand, the imports of Completely Knocked Down (CKD) or Semi-Knocked Down (SKD) buses, trucks and other heavy vehicles increased by 8.23percent, from $209.253 million to $226.466 million.
The imports of CKD/SKD motor cars increased from $450.259 million to$488.505 million, showing growth of 8.49 percent whereas the imports ofCKD/SKD motorcycles increased by 4.13 percent, from $60.336 million to$62.827 million.
It is pertinent to mention here that the country’s overall merchandizetrade deficit plunged by 9.66 percent during July-January (2018-19) as thedeficit contracted by over $2 billion to $19.264 billion in the periodunder review against the deficit of $21.324 billion recorded during sameperiod of the previous year.
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The exports during the period of current fiscal year also witnessed anincrease of 2.24 percent to $13.231 billion from $12.941 billion duringlast year while the imports declined by 5.17 percent to $32.495 billionfrom $34.265 billion during first seven months of current fiscal year, PBSreported.
Meanwhile, services trade deficit shrank by 29.11 percent during the firsthalf of the current fiscal year compared to the corresponding period oflast year.
The services trade deficit during July-December (2018-19) was recorded at$1.945 billion against the deficit of $2.744 billion during July-December(2017-18), showing decline of 29.11 percent, the data revealed.778/
