Pakistan’s “National” reported on January 16 that the latest data from the Pakistan Bureau of Statistics showed that Pakistan’s total merchandise exports in the first half of this fiscal year (July-December 2020) totaled US$12.098 billion. , a year-on-year increase of 4.98%; the total import volume was US$24.521 billion, a year-on-year increase of 5.72%. The trade deficit was US$12.423 billion, a year-on-year increase of 6.44%.
In the first half of the fiscal year, the main industry driving exports was the textile industry, with total exports of US$7.44 billion, a year-on-year increase of 7.79%. Among them, the export volume of knitwear increased from the previous fiscal year. During the same period, US$1.587 billion increased to US$1.850 billion, a year-on-year increase of 16.55%; towel exports were US$446 million, a year-on-year increase of 17.47%; garment exports were US$1.497 billion, a year-on-year increase of 5.54%.
In the first half of the fiscal year, the main textile commodities with declining exports were: raw cotton exports fell by 96.14% year-on-year, and cotton yarn exports fell by 26.36% year-on-year.
