Exports witness 4 percent growth in first half of current fiscal

KARACHI: The cumulative exports for the period July-December 2011-12 totalled $11.24 billion, as against $10.81 billion during the corresponding period of last year, showing an increase of 3.9 percent.

Group-wise export shows a rapid growth of 17.6 percent and 13.4 percent in export of food group and manufacturing group, respectively.

However, a negative growth of 6.65 percent and 4.68 percent in export of petroleum group and textile group, respectively, was recorded during the first half of the current fiscal year.

Analysis of the top 10 highest export value products during July-December show cotton cloth and knitwear were the top exporting products whose export value was over $1 billion.

However, export of cotton cloth grew by 3 percent and export of knitwear witnessed a negative growth of 5 percent.

Other top four products, whose export value was above $500 million, were bedwear, readymade garments, cotton yarn and other rice varieties.

Only export of readymade garments grew positively, while others witnessed negative growth.

Other food items that were the seventh top export items showed tremendous growth of 135 percent, while export of petroleum top naphtha, which is the 10th top export item, shows 24 percent growth during the first of half of the year 2011-12.

Important items, which showed significant growth were, wheat 100 percent other process food items 135 percent, petroleum top naphtha 24 percent, other chemicals 56 percent, plastic materials 27 percent, fish 17 percent, fruits 9 percent, surgical goods 19 percent, meat 23 percent, leather gloves 46 percent and footballs 10 percent.

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