47. Pakistan Economic Survey 2011-12 - Consultancy Services in ...

Trade and Paymentsconcentration is on continuous decline since 2005-06 and recently the share of these five marketstood at 35.2 percent whereas the share of all othercountries increased to 64.8 during July-March2011-12 compared to 52.8 percent share during2005-06. This improvement in geographicaldiversification was mainly the result of theStrategic Trade Policy Framework (STPF-2009-12) introduced by the government and the resultingincrease in exports to China, Afghanistan andBangladesh.Table 8.5: Major Exports Markets(Percentage Share)Jul-MarCountry 05-06 06-07 07-08 08-09 09-10 10-1110-11 11-12*USA 25.5 24.6 19.5 18.9 17.4 16.0 15.9 14.7UK 5.4 5.6 5.4 4.9 5.3 4.9 5.0 5.1Germany 4.2 4.1 4.3 4.2 4.1 5.1 5.0 4.8Honk Kong 4.1 3.9 2.7 2.1 2.2 2.0 2.2 1.6U.A.E. 8.0 8.2 10.9 8.2 8.9 7.3 7.3 9.0Sub-Total 47.2 46.4 42.8 38.3 37.9 35.3 35.4 35.2Other Countries 52.8 53.6 57.2 61.7 62.1 64.7 64.6 64.8Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0Source: Pakistan Bureau of Statistics*ProvisionalImportsStructure of imports indicates that food groupimports accounted for 11.4 percent of total importsand showed a negative growth rate of 1.7 percentduring July-April 2011-12 compared to last year.This fall in the overall food import bill is the resultof a decline in the quantity of imports of most ofthe food items despite the increase in the unitvalues of food group items.Within food group imports, the major contributioncame from sugar as its import bill declined by $665.0 million in absolute terms during July-April2011-12 compared to the same period last year.This fall in sugar imports came on the back ofimproved sugar production domestically due tohigher crop production of sugarcane during thefiscal year under review. Moreover, the import billof spices and pulses also witnessed a fall duringthe period.The import bill for edible oil increased by 16.5percent and has added $ 273 million to this year’simport bill. Palm oil imports surged in quantity,value and per unit value as it increased by 5.1percent, 18.3 percent and 12.5 percent,respectively. The higher import bill of palm oil isthe result of higher international prices and higherdomestic demand during the period, resulting in anincrease in the palm oil import bill in absoluteterms by $ 292 million. In addition, the import billfor tea during 2011-12 also increased by 4.8percent on the back of higher import prices duringthe period.% ageFig-8.8: Sources of Change inPetroleum Imports (Jul-Apr 2011-12)9080706050403020100Source: PBSPrice EffectQuantity EffectThe Import of petroleum group products grew by43.5 percent during July-April 2011-12 against the8.4 percent growth in the corresponding period lastyear reflecting mainly the impact of higherinternational oil prices since per unit values of119