NEWS DESK
ISLAMABAD: The export of Pakistan’s electric fans has witnessed an increase of 14.64 percent during the first five months of the current fiscal year (2022-23) as compared to a similar time in the previous year.
Export in terms of currency
Pakistan Bureau of Statistics (PBS), states that Pakistan exported electric fans worth US $9.524 million from July-November (2022-23) as compared to the export of US $8.308 million from July- November (2021-22), which indicates a growth of 14.64 percent the exports of the respective element.
Export in terms of quantity
In terms of the number of electric fans, the Pakistani electric fan export also rose by 6.92 percent from 474 thousand to 507 thousand, as compared to the previous year.
Meanwhile, on a year-on-year basis, the fan export decreased by 46.90 percent during November 2022 as compared to the same month of last year.
The fan exports in November 2022 were recorded at US $0.668 million against the export of $1.258 million in November 2021, the PBS data revealed.
Exports and trade deficit
It is significant to note that over the first five months of the current fiscal year, the merchandise trade deficit decreased by 30.14 percent, going from $20,621 million last year to $14,406 million this year.
The PBS data, the exports from July-November 2022 were recorded at $11,932 million against the exports of $12,362 million in July-November (2021-22), showing a decline of 3.48 percent.
