ISLAMABAD: Eight sectors dominated Pakistan’s trade in previous fiscal year as well as in the current fiscal year of 2014-15. These sectors include petroleum and textile groups in the export section while six sectors including food, machinery, transport, textile, chemical and metal group dominated Pakistani imports.
Exports of the petroleum group increased to $ 641 million in a period spanning from January-December 2014 than $ 513 million during same period in the previous fiscal year and same trend is still visible in the ongoing fiscal year. Thus there was an increase of $ 128 million in the exports of products related to this group.
The value of imports of products hailing from six sectors recorded a steep increase in the said time and machinery group stood at the top of the list of value of imports because the imports grow to $ 7208 million from $ 5706 million and total tune of import raised to $ 1502 million. There was no such increase in the import value of any other group.
While items of food group remained the second highest as imports of food items increased to $ 4,981 million in the specific time from January to December 2014 than $ 4,072 million in the corresponding period in the previous fiscal year. Thus value of products imported in this group increased to $909 million.
The least increased volume of imported products out of top six sectors was transport group, where imports touched the figure of $ 2434 million in 2014 whereas its value was $2397 million in 2013. So there was an increase of $ 37 million in the value of imported products related to this sector.
Despite sharp increase in volume of imports, total trade volume increased to $47,644 million in 2014 from $44,699 million in 2013 with an increase of $2945 million. While total volume of exports decreased to $ 24,566 million in 2014 from $ 25,053 million in 2013 with decrease of $ 487 million.
The Total volume of national trade was recorded at $72,210 million in 2014 while it was $ 69,752 million in 2013 with an increase of $ 2458 million.
