VI S U M M A R Y Table 1(a) : Monthly Import of Goods & Items (Million US$) August 2012 2011 I. Import Payments (Banks) 3,169 3,610 II. Freight & Insurance 190 217 III. Other Import unaccounted by Banks 88 198 Unclassified Imports 24 14 Imports NRI, Sale of Duty Free Shops 27 19 Imports under Foreign Economic Assistance 6 145 Land borne Imports with Afghanistan 11 15 PIA & PNSC 24 13 Capital Equipment 0 0 Cost of Imports (Ex. Cos.) 0 0 Refund & Rebate -5-8 Import from EPZ 0 0 Import from Accounts Abroad 0 0 (A) Import General Merchandise (I-II+III) 3,066 3,591 (B) Other Import under BPM5* 40 34 (C) Import of Goods (A+B) 3,106 3,625 (D) Import of 564 592 (E) Import of Goods & (C+D) 3,671 4,217 * See Introduction for details: Table 1(b) : Key Indicators of Import of Goods and (Million US$) August 2012 3,671 July 2012 3,951 % Change during August 2012 over July 2012-7.1 August 2011 4,217 % Change during August 2012 over August 2011-13.0 July-August 2012-13 7,622 July-August 2011-12 7,994 % Change during July-August 2012-13 over July-August 2011-12 -4.6 Monthly average during July-August 2012-13 3,811 Monthly average during July-August 2011-12 3,997 FY12 48,118 FY11 43,580 % Change during FY12 over FY11 10.4 Monthly average during FY12 4,010 Monthly average during FY11 3,632 *The data is import of goods based on Balance of Payments Manual 5 (BPM 5). Figure 1. Import During Jul-Aug Goods* 7,000 6,000 Million US $ 5,000 4,000 3,000 2,000 1,000 0 FY08 FY09 FY10 FY11 FY12 FY13 Goods* 4,671 6,536 5,007 5,858 6,785 6,472 1,512 1,559 1,057 1,126 1,208 1,150
VII State Bank of Pakistan Table 2: Import Payments by Major Groups of Goods & (Amount in Millions) August July-August % Goods/ 2012 2012 2011 2012 2011 Change Pak Rs. US $ Goods I. Total Import Payments (Banks) 299,348 3,169 3,610 6,557 6,812-3.7 Mineral Fuels, Oils and Their Distillation Product 103,722 1,098 1,763 2,388 2,973-19.7 Organic Chemicals 24,256 257 187 476 491-3.1 Nuclear Reactors, Boilers, Machinery and Appliance 16,818 178 167 363 318 14.3 Animal or Vegetable Fats, Oils & Cleavage Products 16,948 179 178 347 401-13.3 Electrical Machinery & Equipment and Parts thereof 14,087 149 145 289 269 7.2 Plastics and Articles thereof 14,216 150 109 265 230 15.1 Iron and Steel 9,383 99 122 247 246 0.4 Special Classification Provisions 6,511 69 35 190 117 63.4 Ships, Boats and Floating Structures 7,529 80 108 175 183-4.2 Vehicles other than Railway /Tramway Rolling Stock 9,576 101 85 158 119 33.0 Miscellaneous Chemical Products 5,094 54 22 128 64 99.1 Cotton 6,562 69 45 111 95 17.3 Fertilizers 3,927 42 32 109 80 37.5 Man-Made Filaments 6,332 67 26 102 60 70.0 Coffee, Tea, Mate and Spices 4,592 49 50 96 93 3.4 Man-Made Staple Fibers 2,835 30 58 84 87-3.0 Residues from Food Industries, Animal Fodder 4,181 44 48 83 96-14.0 Paper and Paperboard, Articles of Paper Pulp 3,900 41 44 74 82-9.1 All Other 38,879 412 386 874 812 7.6 II. Freight & Insurance 17,961 190 217 393 409-3.7 III. Other Import Unaccounted by Banks 8,276 88 198 237 315-24.9 (A) Import General Merchandise (I-II+III) 289,663 3,066 3,591 6,401 6,718-4.7 (B) Other Import under BPM5* 3,782 40 34 71 67 6.2 (C) Import of Goods (A+B) 293,445 3,106 3,625 6,472 6,785-4.6 Transportation 23,444 248 340 501 650-22.9 Other Business 8,202 87 60 193 180 7.2 Travel 1,438 15 7 20 15 39.5 Government 50 1 7 1 10-92.9 Insurance 1,520 16 26 30 41-27.8 Computer & Information 1,510 16 9 28 17 63.6 Royalties & License fees 1,115 12 12 37 25 51.2 Communication 1,290 14 3 23 11 101.2 Financial 10,049 106 58 204 152 34.2 Construction 4 0 0 0 0-0.2 Personal, cultural & recreational 4,655 49 70 113 107 5.4 (D) Total Import of 53,278 564 592 1,150 1,208-4.8 Total Import of Goods & (C+D) 346,723 3,671 4,217 7,622 7,994-4.6
VIII Figure 2: Percent Share of Major Commodity Groups in Import Payments (Banks) Jul-Aug FY12 Jul-Aug FY13 Cotton 2.0 3.8 Special Classification Provisions 3.7 4.7 Vehicles other than Railway /Tramway 5.7 5.2 Fertilizers 3.6 5.6 Commodity Groups Electrical Machinery & Equipment Plastics and Articles thereof Iron and Steel Organic Chemicals 7.7 7.3 7.2 7.8 8.4 8.5 12.5 10.2 Machinery Appliance Animal/ Vegetable Fats, Oils Products 9.9 10.7 15.3 14.0 Mineral Fuels, Oils Share (%) 70.5 92.8 Note: - The share is based on the share of commodities in Import Payments through Banks Figure 3: Import of Jul-Aug FY13 Jul-Aug FY12 Growth 700 150.0 Million US $ 600 500 400 300 200 100 100.0 50.0 0.0-50.0-100.0 % Growth 0 Transportation Travel Communication Construction Insurance Financial Service Computer & Information Royalties & License Fees Other Business Personal Cultural & Recreational Government -150.0
IX State Bank of Pakistan Table 3: Import of Goods & by Major Countries (Amount in Millions) August July-August % Country 2012 2012 2011 2012 2011 Change Pak Rs. US $ Goods I. Total Import Payments (Banks) 299,348 3,169 3,610 6,557 6,812-3.7 U.A.E. 45,866 486 931 1,120 1,330-15.8 China 36,450 386 330 735 630 16.8 Kuwait 28,881 306 350 626 769-18.6 Singapore 28,265 299 178 558 441 26.7 Saudi Arabia 17,489 185 387 502 763-34.2 Malaysia 18,467 195 162 352 370-4.9 Japan 9,925 105 150 224 239-6.0 India 7,435 79 74 191 162 18.2 U. K. 13,696 145 63 189 117 61.8 Germany 8,624 91 75 185 181 2.3 Australia 4,976 53 19 154 61 154.0 U. S. A. 6,025 64 60 142 128 10.8 Switzerland 5,402 57 162 136 314-56.8 Indonesia 5,591 59 49 134 104 28.8 Bahrain 2,826 30 1 92 2 4,819.9 All Others 59,430 629 620 1,217 1,203 1.2 II. Freight & Insurance 17,961 190 217 393 409-3.7 III. Other Import Unaccounted by Banks 8,276 88 198 237 315-24.9 (A) Import General Merchandise (I-II+III) 289,663 3,066 3,591 6,401 6,718-4.7 (B) Other Import under BPM5* 3,782 40 34 71 67 6.2 (C) Import of Goods (A+B) 293,445 3,106 3,625 6,472 6,785-4.6 U. S. A. 8,185 87 59 152 117 29.8 U.A.E. 4,178 44 96 96 161-40.5 U. K. 3,517 37 34 79 75 5.9 China 3,503 37 34 75 78-4.7 Saudi Arabia 3,290 35 48 72 89-18.6 Belgium 1,807 19 5 44 13 242.6 Singapore 1,944 21 21 43 49-12.1 Kuwait 1,933 20 24 41 52-20.3 Japan 1,712 18 15 28 30-6.2 Germany 1,204 13 12 26 26-1.0 Malaysia 1,317 14 17 26 31-17.6 Thailand 1,107 12 11 22 20 8.6 Australia 556 6 4 17 8 106.3 India 471 5 5 12 10 19.7 Hong Kong 714 8 8 12 16-23.8 All Other 17,841 189 199 404 431-6.4 (D) Total Import of 53,278 564 592 1,150 1,208-4.8 Total Import of Goods & (C+D) 346,723 3,671 4,217 7,622 7,994-4.6
X Figure 4: % Share of Major Countries in Import Payments of Goods During Jul -Aug FY13 Germany 2.8% U.A.E. 17.1% All Others 28.6% India 2.9% Kuwait 9.5% U. K. 2.9% Singapore 8.5% China 11.2% Japan 3.4% Malaysia 5.4% Saudi Arabia 7.7% Figure 5: % Share of Major Countries in Import of During Jul-Aug FY13 Belgium Germany 3.8% 2.2% China 6.5% Singapore 3.8% U. K. 6.9% U. S. A. 13.3% Saudi Arabia 6.3% All Others 42.9% Kuwait 3.6% U.A.E. 8.3% Japan 2.4% Note: % Share is based on Import Payments through Banks
XI State Bank of Pakistan Figure 6: Annual Import of Goods & from FY03 to FY12 Goods* 41,000 12,500 38,000 35,000 10,500 Goods* Million US$ 32,000 29,000 26,000 23,000 20,000 17,000 8,500 6,500 4,500 Million US$ 14,000 11,000 2,500 8,000 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 500 Goods* 11,333 13,604 18,996 24,994 26,989 35,397 31,747 31,209 35,872 40,138 2,714 3,961 6,612 8,199 8,310 10,046 7,487 6,919 7,708 7,980 Figure 7: Monthly Imports of Goods & Goods* 3,800 900 3,600 850 3,400 800 Goods Million US $ 3,200 3,000 2,800 2,600 2,400 750 700 650 600 550 500 Million US $ 2,200 450 2,000 Sep11 Oct11 Nov11 Dec11 Jan12 Feb12 Mar12 Apr12 May12 Jun12 Jul12 Aug12 Goods* 3,515 3,203 3,161 3,282 3,337 3,689 2,945 3,159 3,430 3,633 3,365 3,106 728 688 631 668 600 628 635 620 730 844 586 564 400 * The data before FY05 is import general merchandise based on Balance of Payments Manual 4 (BPM 4) and onward on Balance of Payments Manual 5 (BPM 5).
XII Table 4: Annual, Quarterly & Monthly Import of Goods** (Million US$) Period FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 Annual 13,604 18,996 24,994 26,989 35,397 31,747 31,209 35,872 40,175 6,472* Growth (%) 20.0 39.6 31.6 8.0 31.2-10.3-1.7 14.9 12.0 Quarter-wise Quarter-I 3,014 4,175 5,925 6,933 6,940 10,230 7,485 8,257 10,300 (22.2) (22.0) (23.7) (25.7) (19.6) (32.2) (24.0) (23.0) (25.6) Quarter-II 3,204 5,047 6,074 6,768 8,548 8,077 7,691 8,627 9,646 (23.6) (26.6) (24.3) (25.1) (24.1) (25.4) (24.6) (24.0) (24.0) Quarter-III 3,602 4,801 6,261 6,454 9,765 6,275 7,367 9,165 9,970 (26.5) (25.3) (25.1) (23.9) (27.6) (19.8) (23.6) (25.5) (24.8) Quarter-IV 3,784 4,973 6,734 6,834 10,144 7,165 8,666 9,824 10,222 (27.8) (26.2) (26.9) (25.3) (28.7) (22.6) (27.8) (27.4) (25.5) Month-wise July 1,020 1,440 1,772 2,418 2,411 3,373 2,818 2,925 3,160 3,365 (7.5) (7.6) (7.1) (9.0) (6.8) (10.6) (9.0) (8.2) (7.9) August 930 1,311 2,087 2,308 2,259 3,162 2,189 2,933 3,625 3,106 (6.8) (6.9) (8.4) (8.6) (6.4) (10.0) (7.0) (8.2) (9.0) September 1,064 1,424 2,066 2,207 2,269 3,694 2,478 2,399 3,515 (7.8) (7.5) (8.3) (8.2) (6.4) (11.6) (7.9) (6.7) (8.7) October 1,057 1,616 2,055 2,205 2,604 3,243 2,756 2,620 3,203 (7.8) (8.5) (8.2) (8.2) (7.4) (10.2) (8.8) (7.3) (8.0) November 876 1,745 2,059 2,161 2,963 2,233 2,194 2,811 3,161 (6.4) (9.2) (8.2) (8.0) (8.4) (7.0) (7.0) (7.8) (7.9) December 1,271 1,686 1,960 2,402 2,980 2,601 2,741 3,196 3,282 (9.3) (8.9) (7.8) (8.9) (8.4) (8.2) (8.8) (8.9) (8.2) January 1,168 1,427 2,070 2,105 3,329 2,140 2,536 2,797 3,337 (8.6) (7.5) (8.3) (7.8) (9.4) (6.7) (8.1) (7.8) (8.3) February 1,212 1,591 1,886 2,226 2,913 1,884 2,345 3,076 3,689 (8.9) (8.4) (7.5) (8.2) (8.2) (5.9) (7.5) (8.6) (9.2) March 1,222 1,783 2,305 2,123 3,523 2,251 2,486 3,292 2,945 (9.0) (9.4) (9.2) (7.9) (10.0) (7.1) (8.0) (9.2) (7.3) April 1,230 1,508 1,682 2,185 3,391 2,370 2,916 2,910 3,159 (9.0) (7.9) (6.7) (8.1) (9.6) (7.5) (9.3) (8.1) (7.9) May 1,166 1,741 2,361 2,214 3,246 2,002 2,638 3,359 3,430 (8.6) (9.2) (9.4) (8.2) (9.2) (6.3) (8.5) (9.4) (8.5) June 1,388 1,724 2,691 2,435 3,507 2,793 3,112 3,554 3,633 (10.2) (9.1) (10.8) (9.0) (9.9) (8.8) (10.0) (9.9) (9.1) Notes: 1. Figures in parentheses are percentage to annual import payments of the respective years 2. Due to rounding off separate items, totals may show minor differences *The total includes figures from July to current month. ** The data before FY05 is import general merchandise based on Balance of Payments Manual 4 (BPM 4) and onward on Balance of Payments Manual 5 (BPM 5).
XIII State Bank of Pakistan Table 5: Annual, Quarterly & Monthly Import of (Million US$) Period FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 Annual 3,961 6,612 8,199 8,310 10,046 7,487 6,919 7,708 7,980 1,150* Growth (%) 45.9 66.9 24.0 1.4 20.9-25.5-7.6 11.4 3.5 Quarter-wise Quarter-I 799 1,449 1,953 2,039 2,194 2,392 1,585 1,722 1,936 (20.2) (21.9) (23.8) (24.5) (21.8) (31.9) (22.9) (22.3) (24.3) Quarter-II 945 1,669 2,061 2,193 2,548 2,021 1,892 1,941 1,987 (23.9) (25.2) (25.1) (26.4) (25.4) (27.0) (27.3) (25.2) (24.9) Quarter-III 1,097 1,764 2,061 2,014 2,569 1,389 1,582 1,837 1,863 (27.7) (26.7) (25.1) (24.2) (25.6) (18.6) (22.9) (23.8) (23.3) Quarter-IV 1,120 1,730 2,124 2,064 2,735 1,685 1,860 2,208 2,194 (28.3) (26.2) (25.9) (24.8) (27.2) (22.5) (26.9) (28.6) (27.5) Month-wise July 305 432 573 735 755 743 568 565 616 586 (7.7) (6.5) (7.0) (8.8) (7.5) (9.9) (8.2) (7.3) (7.7) August 207 473 735 619 757 816 489 561 592 564 (5.2) (7.2) (9.0) (7.4) (7.5) (10.9) (7.1) (7.3) (7.4) September 287 544 645 685 682 833 528 596 728 (7.2) (8.2) (7.9) (8.2) (6.8) (11.1) (7.6) (7.7) (9.1) October 327 525 626 645 782 839 691 702 688 (8.3) (7.9) (7.6) (7.8) (7.8) (11.2) (10.0) (9.1) (8.6) November 238 489 674 782 963 577 562 597 631 (6.0) (7.4) (8.2) (9.4) (9.6) (7.7) (8.1) (7.7) (7.9) December 380 655 761 766 803 605 639 642 668 (9.6) (9.9) (9.3) (9.2) (8.0) (8.1) (9.2) (8.3) (8.4) January 378 539 672 683 894 448 500 583 600 (9.5) (8.2) (8.2) (8.2) (8.9) (6.0) (7.2) (7.6) (7.5) February 339 561 622 633 751 458 495 570 628 (8.6) (8.5) (7.6) (7.6) (7.5) (6.1) (7.2) (7.4) (7.9) March 380 664 767 698 924 483 587 684 635 (9.6) (10.0) (9.4) (8.4) (9.2) (6.5) (8.5) (8.9) (8.0) April 379 610 617 680 999 542 618 642 620 (9.6) (9.2) (7.5) (8.2) (9.9) (7.2) (8.9) (8.3) (7.8) May 355 582 744 657 797 523 582 751 730 (9.0) (8.8) (9.1) (7.9) (7.9) (7.0) (8.4) (9.7) (9.1) June 386 538 763 727 939 620 660 815 844 (9.7) (8.1) (9.3) (8.7) (9.3) (8.3) (9.5) (10.6) (10.6) Notes: 1. Figures in parentheses are percentage to annual import payments of the respective years 2. Due to rounding off separate items, totals may show minor differences *The total includes figures from July to current month.
XIV