Pakistan Bureau of Statistics data Agriculture chemical group imports up by 14.7pc

Attention: open in a new window. PDFPrintE-mail

ISLAMABAD: Agricultural and other chemical group imports stood at $6.538 billion during the first 11 months of the outgoing fiscal year, showing a surge of 14.7 percent over the same period last year, when it imported goods worth $5.701 billion, according to Pakistan Bureau of Statistics (PBS) data.

Under this group, the economy spent 111.8 percent more on manufactured fertilisers import, as during this period it imported fertilisers of $1.124 billion against $530.9 million last year. Plastic materials imports increased by 0.34 percent to $1.403 billion, while imports of insecticides went down by 12.11 percent to $124.22 million and medicinal products imports went up by 0.58 percent to $628.79 million over July-May 2010/11.

A sizeable share of machinery imports was also witnessed in the country’s total imports and during the first 11 months it were recorded at $5.076 billion against $4.805 billion in the last fiscal year, depicting a surge of 5.64 percent.

In this slab, textile machinery imports declined by 9.63 percent to $386.78 million against $428 million in the same period last year, according to the data. Telecom sector imports went up by 24.88 percent to $1.17 billion ($631.9 million spent on mobile phones imports); power generation machinery imports increased by 3.46 percent to $951 million; electrical machinery and apparatus imports increased by 2.87 percent to $746.23 million; agriculture machinery went up by 22.8 percent to $110.8 million; office machinery by 21.23 percent to $263 million; and construction and mining machinery increased by 25.9 percent to $136.47 million over the same period last year.

During the same period, transport group imports reduced by 10.8 percent to $1.863 billion from $2.08 billion last year. Under the completely built units (CBU) during July-May 2011-12, imports of buses, trucks and other heavy vehicles went down by 90.4 percent to $135.7 million and motorcars by 161.85 percent to $331.9 million, while, under the completely knocked down/semi-knocked down (CKD/SKD), imports of buses, trucks and other heavy vehicles imports went up by 22.85 percent to $124 million and motorcycles by 26 percent to $82.9 million, however, motorcars import went down by 3.22 percent to $414.3 million over the same period last year.

The total textile imports stood at $2.18 billion against $2.68 billion, depicting a reduction of 18.6 percent over the corresponding period last year. The decline in textile machinery imports may be attributed to the fall in external demand, decline in export prices and energy shortages faced by the textile sector.

Under this head, raw cotton imports went down by 55.5 percent to $412.4 million, synthetic and artificial silk yarn by 8.1 percent to $474 million, while synthetic and artificial silk yarn imports went up by 10.2 percent to $556.3 million and worn clothing imports increased by 16 percent to 135.5 million over the last year.

On the imports of gold, iron and steel scrap, iron and steel, and aluminium, Pakistan spent 7.3 percent more by purchasing them worth $2.54 billion from what it was recorded in July-May 2011/12 ($2.367 billion).

Under this group, Iron and steel scrap imports went up by 4.3 percent to $488.6 million, iron and steel by 11.57 percent to $1.244 billion and gold imports increased by 51.5 percent to $157 million, while the imports of aluminium wrought went down by 14 percent to $112.8 million over the same period last year. Imports of rubber tyres and tubes increased by 12.7 percent to $208.18 million, while jute imports reduced by 28 percent to $48.27 million.


Courtesy: The News

Forex open Market rates & comments Archive

Login Form