Back

1) Jul-Oct FY23 #Pakistan's #exports grew wrt Jul-Oct FY22. In aggregate by 2.9%, with #services growing faster than goods.

#Export deceleration is visible.

2) By destination: #export shipments grew to #USA, #EU but sharp contractions to #China

#Deceleration in #China is not playing out here for #Pakistan.

3) By sector: #textiles continue to grow but very timidly, most other sectors show #export contractions (in red)

4) Monthly #export data shows us some clear decelerations of shipments in #vegetable and mineral products. Also #textiles seem to be decelerating tho' still w positive growth. #Pakistan

5) The #services #export chart is the troubling one.
#exports still growing, but #knowledge intensive business services that had shown dynamism before are contracting. [Why? more later in ]

6) On the #import side, there's a contraction of 11.6% - almost equal for goods and for #services. The #contraction is 'celebrated' b/c it reduces short term vulnerabilities, but indicates a growth slow down. Composition of #Pakistan's imports contraction also matters.

7) #Imports of #machinery and of #textiles are contracting, leading indicator of activity and future #exports of #Pakistan (contractions in red, expansions in blue).

8) The monthly data on #Pakistan's #import trends by type show some decelerations quite clearly.

9) Breaking down #machinery #imports of FY23 (Jul-Oct) vs FY22, also telling: all types of imports of machinery in #Pakistan shrinking.

10) To sum up:

#import barriers affect #exporters. Insulate exporters from these import barriers. Crucial and will NOT increase external vulnerabilities.

#services exporters need some leeway to move $$ across borders (good talk on this by @Visionet@twitter.com CEO in #Quetta. #Pakistan