Pakistan''s exports increased to $2.328 billion in January 2011, up by 9.51 per cent over $2.126 billion over the previous month, according to Federal Bureau of Statistics (FBS). According to provisional trade figures released by the FBS country''s trade deficit reached $9.32 billion during July-January 2010-11, on account of $13.23 billion exports and $22.55 billion imports.
The trade deficit for the same period of last year was $8.530 billion last year with $10.78 billion exports and $19.32 billion imports. Analysis of the data showed that export witnessed a growth of 22.66 per cent during the first seven months of the current fiscal year and imports by 16.73 per cent over the corresponding period of the last fiscal year. Analysts attributed increase in exports to the per unit price increase instead of increase in the quantity.
The trade deficit reduced by 31.82 per cent in January 2011as it narrowed to $1.115 billion in the month under review from $1.64 billion for the same month of last year. In January, country exported products stood at $2.33 billion against $1.68 billion in same month last year showing an increase of 38.22 per cent.
The total import in the month of January 2011 stood at $3.44 billion against $3.32 billion in January 2010, depicting a rise of 3.72 per cent. Further analysis of FBS data showed that during January 2011, exports registered an increase of 9.51 per cent over previous month and imports declined by 8.18 per cent as compared to December 2010. The exports stood at $2.328 billion and imports $3.444 billion as compared to $2.126 billion exports and $3.750 billion imports for December 2010.
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