Continuing to cling onto its downward spiral, Pakistan’s exports during December 2011 have declined by 11.5 per cent. They were valued at $1.854 billion as compared to the level of $2.094 billion during December 2010.
According to fresh data provided by TDAP, however, Pakistan’s exports during July-December 2011-12 were $11.241 billion, while in the corresponding period of the last year 2010-11 exports were $10.815 billion, showing a 3.94 per cent growth.
Imports of the country during last months were valued at $4.261 billion registering a growth of 13.6 per cent over the level of imports valued at $3.751 billion in December 2010. Imports during July-December 2011-12 were $22.713 billion as compared to $19.102 billion during the corresponding period of the year 2010-11, registered an 18.9 per cent growth.
It is worth mentioning here that Pakistan’s exports during November 2011 were valued at $1.552 billion; a figure that was 13 per cent lower than the one of $1.776 billion during November 2010. Imports during November 2011 were valued at $3.729 billion registering a growth of 19 per cent over the level of imports valued at $3.131 billion in November 2010.
According to cumulative figures Pakistan’s exports during July-November 2011-12 were $9.434 billion, while in the corresponding period of the last year 2010-11 exports were $8.959 billion, which shows a five per cent growth. Imports during July-November 2011-12 were $18.424 billion as compared to $15.404 billion during the same period of the year 2010-11, registering a 20 per cent growth.