ISLAMABAD: The United States of America (USA) remained the top export destinations of the Pakistani products during the first eight months of the current fiscal year, followed by United Kingdom and China. The total exports to the USA during July-February (2018-19) were recorded at $2684.394 million against the exports of $2529.610 million during July-February (2017-18), showing an increase of 6.11 percent during the period, according to State Bank of Pakistan (SBP). This was followed by United Kingdom, wherein Pakistan exported goods worth $1171.950 million against the exports of $1161.099 million last year, showing growth of 0.93 percent.
China was the at third where Pakistan exported products worth $1150.523 million during the current fiscal year against the exports of $1107.004 million during last fiscal year, showing increase of 3.93 percent, SBP data revealed. Among other countries, Pakistani exports to Germany stood at $869.763 million against $909.251 million during last year, showing decline of 4.34 percent while the exports to Afghanistan were recorded at $777.292 million against $1008.555 million last year, the data revealed.
The exports to United Arab Emirates were recorded at $680.679 million against $713.924 million where as the exports to Netherlands (Holland) were recorded at $625.549 million against $500.3690 million last year. During the period under review, the exports to Spain were recorded at $616.219 million against $638.710 million whereas the exports to Italy stood at $507.907 million against $487.710 million. Pakistan’s exports to Bangladesh were recorded at $509.104 million against $446.610 million last year where as the exports to France stood at $268.500 million against $260.044 million.
Similarly, the exports to India during the period under review were recorded at $273.530 million against $270.483 million while the exports to Saudi Arabia stood at $ 210.543 million against $216.986 million.
Pakistan’s exports to Indonesia were recorded at $162.224 million during the current fiscal year compared to $939.58 million last year, the exports to Singapore stood at $188.760 million against $189.253 million, to Kenya $71.347 million against $198.169 million whereas the exports to Japan stood at $142.622 million during the current year against $147.016 million during last year. Meanwhile, The production of motorcycles witnessed decrease of 10.01 percent during the first eight months of the current fiscal year compared to the corresponding period of last year.
As many as 1,671,346 motorcycles were manufactured during July-February (2018-19) compared to the production of 1,857,210 units during July-February (2017-18), according to Pakistan Bureau of Statistics (PBS).
The production of cars and jeeps during the period under review, however witnessed 1.28 percent increase as 156,720 jeeps and cars were manufactured during the current year compared to 154.732 units last year.
The production of LCVs witnessed decrease of 12.78 percent in production during the period under review by going down from 19,907 units last year to 17,363 LCVs during 2018-19. The production of trucks also decreased from 6,081 units last year to 4,679 units, showing decline of 23.06 percent while the production of tractors decreased by 30.05 percent, from 4,5576 units to 31,879 units.
The production of buses during the period under review however witnessed positive growth of 23.61 percent by going up from the output of 487 units to 602 units. Meanwhile, on year-on-year basis, the production of motorcycles decreased by 14.80 percent during February 2019 compared to February 2018. The motorcycle production during February 2019 was recorded at 185,588 units compared to 217,838 units in February 2018.
The production of jeeps and cars decreased by 1.98 percent, from 18,573 units during February 2018.— APP