The imports of motor cars, both Completely Built Up (CBU) as well as Semi-Knocked Down (SKD) or Completely Knocked Down (CKD), witnessed a sharp decline of 81.79 percent and 31.43 percent respectively during the first five months of the current fiscal year compared to last year.
The imports of CKD/SKD were recorded at $455.780 million during July-November (2022-23) as compared to the imports of $664.740 million during July-November (2021-22), showing decline of 31.43 percent.
In terms of numbers, Pakistan imported 101,569 units of CKD/SKD cars during the period compared to imports of 111,350 units during last year.
Likewise, Pakistan imported 6,056 CBU motorcars worth $27.407 million during July-November as compared to the imports of25,133 cars valuing $150.500 last year, showing decline of 81.79 percent.
Overall, transport group imports declined by 46.77 percent during the period under review. The imports of the group were recorded at $ 1,022.346 as compared to the imports of $1,920.749 last year.
It is pertinent to mention here that overall merchandize imports into the country decreased by 20.15 percent during the period under review by going down from $ 32,983 million last year to $ 26,338 million during the current year.
The exports were recorded at $11,932 million against the exports of $12,362 million last year, showing decline of 3.48 percent.
Based on the figures, the trade deficit during the first five months of the current fiscal year witnessed a decline of 30.14 per cent and was recorded at $ 14,406 million this year against the deficit of $ 20,621 million last year.
