The
exports of cotton cloth during the the period under review had recorded about first month of, recording 0.25% negative growth, the data revealed.
On yearly basis, the
export of electric fans jacked up by 44.53% in June 2019 as compared to same month of last year while on month-on-month basis, the
export witnessed a decline of 12.2% against the
export recorded in May 2019.
What is more worrying is that food
exports have oscillated between $3.7bn and $4.8bn during the past seven years.
Among other countries, Pakistani
exports to United Arab Emirates (UAE) stood at $1372.045 million against $1381.806 million during last year, showing decrease of 0.70 percent while the
exports to Germany were recorded at $1303.671 million against $1365.495 million last year, the data revealed.
Sequentially, textile
exports dropped by 14.5% MoM, where once again there were massive slumps in all major categories led by yarn (-27.6% MoM), knitwear (-16.4% MoM) and readymade garments (-14.8% MoM).
Meanwhile, during the period under review the
exports of Basmati rice also grew by 9.87%.
"I invite SMEs to take advantage of this opportunity and learn from
exports success stories.
"We are on target in so far as total
exports is concerned," he said.
Big companies will continue to dominate the Philippine
export industry as the majority of small and medium enterprises (SMEs) do not intend to
export in the future, according to a survey by the Rizalino S.
Exports receipts only comprised 7.7 percent of the overall size of the economy, the fastest growth in
exports was recorded to Sri Lanka, increasing 35.6 percent to $339 million, followed by Afghanistan which grew 30 percent to $1.5 billion.
Exports to the US stood at $3.18 billion while to the UK they amounted to $1.47 billion.
