Imports surge 14% to $5.285 billion in Dec 2024, reaching two-year high
Pakistan’s textile exports increase by 9.7% in first half of FY25. The country’s textile group exports increased by 9.7 percent in the first half (July-December) of the current fiscal year 2024-25 and remained at $9.09 billion as compared to $8.29 billion during the same period of last fiscal year, the Pakistan Bureau of Statistics (PBS) said.
The data showed that textile group exports increased by 5.7 percent in December 2024 and remained at $1.48 billion as compared to $1.4 billion in December 2023 and also increased by 1.3 percent on a month-on-month (MoM) basis when compared to $1.46 billion in November 2024.
The data of overall exports and imports showed that exports were largely stagnant, posting a 1 percent increase and stood at $2.841 billion in December 2024 when compared to $2.882 billion during the same month of last fiscal year.
Imports registered 14 percent growth and stood at $5.285 billion in December 2024 when compared to $4.635 billion during the same month of last fiscal year. The import figure for the month is the highest in over two years.
In H1, exports increased by 11 percent and stood at $16.561. Imports were up 6 percent and stood at $27.733 billion during the same period.
