Cutlery exports increase 1.55% in 2 months

 

Islamabad : The country’s cutlery exports witnessed an increase of 1.55 per cent during the first two months of the financial year 2023-24 as compared to the corresponding months of last year.

The country exported cutlery worth US $9.485 million during July-August (2023-24) against the exports of US $9.340 million during July-August (2022-23), showing growth of 1.55 per cent, according to the Pakistan Bureau of Statistics (PBS).

Meanwhile, on a year-on-year basis, the cutlery exports also rose by 11.73 per cent during the month of August 2023 as compared to the same month of last year.

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The PBS data revealed that the cutlery exports in August 2023 were recorded at $5.161 million against the exports of $4.619 million in August 2022.

On a month-on-month basis, the cutlery export witnessed an increase of 19.36 per cent in August 2023 compared to the exports of $4.324 million in July 2023.

It is pertinent to mention here that the overall merchandize exports from the country witnessed a decline of 6.32 per cent during the first two months of the FY 2023-24 as compared to the corresponding period of last year.

The exports of the country during July-August (2023-24) were recorded at $4.434 billion against the exports of $4.733 billion during July-August (2022-23), according to the latest PBS data.
The imports during the period under review decreased by 25.39 per cent declining from $11.035 billion last year to $8.233 billion during the first two months this year.
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