The country's exports of non-textile products have witnessed 5.81 per cent drop year-on-year to $8.58 billion in the first nine months of the current fiscal year (2022-23), data compiled by the Pakistan Bureau of Statistics (PBS) reveals.
Mounting cost of production and a dip in demand from the international market are said to be the prime factors behind the decline. No growth was recorded in exports since September 2022 on a year-on-year basis.
The exports of leather garments dipped by 8.43pc in 9MFY23 from a year ago. However, the export of leather gloves was slightly up 0.28pc in July-March of 2022-23. Contrary to this, the exports of raw leather also decreased by 17.93pc.
The export of cement dipped by 32.07pc during the first nine months this year from a year ago. The decline was also noted in the export of cement in quantity terms during the months under review.
The exports of pharmaceutical products also surged by 28.55pc during the months under review, while the export of surgical instruments swelled 9.11pc in 9MFY23 over the same period last year.
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The export of footwear increased by 18.69pc in 9MFY23 from a year ago. This growth was mainly contributed by an increase in the export of leather footwear, followed by canvas footwear.
The export of carpets dipped by 7.17pc while that of sports goods grew by 17.78pc in 9MFY23. The sales of footballs were up 33.67pc. Pakistan was the official football supplier to the FIFA World Cup held in Doha, Qatar in November 2022.
The export of jewellery declined 43.68pc during the period under review but the exports of gems posted growth of 6.32pc. The export of furniture is up by 45.23pc, followed by an increase of 2.32pc in molasses, 100pc in handicrafts, and 3.05pc in gur and gur products, respectively.
The export of engineering goods posted growth of 11.22pc in the first nine months of the current fiscal year from a year ago, while the export of electrical fans fell by 9.05pc during the months under review, the PBS data shows.
The Nation, 21 Apr, 2023