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UAE:Pakistan''s trade deficit with Dubai hits the roof |
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2004-9-7
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Pakistan''s trade deficit with Dubai has risen 1530 percent to $337.6 million during 2003-04 as against $20.7 million in the previous year.
Officials said that the increase in trade deficit was due to rise in import of large quantum of ship and boat; machinery and parts; chemical material and products during the year under review over the previous year''s volume.
It was only in the year 1999-2000, when Pakistan''s trade was surplus by $93.9 million with Dubai. Pakistan''s trade surplus turned into deficit of $115.6 million in 2000-01; $79.5 million in 2001-02 and $20.7 million in 2002- 03.
The level of trade between the two countries stood at $2.125 billion during 2003-04 against $2.033 billion in the previous year, indicating an increase of 4.52 percent.
Pakistan''s exports to Dubai declined by 11.1 per cent to $893.933 million in the year under review as against $1006.547 million in the previous year. While imports from Dubai increased by 19.8 per cent to $1.231 billion during the year 2003-04 against $1.027 billion in the previous year.
The statistics showed that Pakistan export of petroleum and petroleum products to Dubai declined by 4.05 per cent during the year 2003-04 against the previous year; essentials oils and perfumes by 44.4 per cent; chemical materials and products by 14.8 per cent; cotton yarn by 3.82 per cent; cotton fabrics by 13.5 per cent; synthetic fabrics declined by 34 per cent; knitted or crocheted fabrics by 8.28 per cent; made up articles of textile materials by 26.5 per cent; carpets and rugs by 39.6 per cent; machinery and parts by 22.9 per cent; footwear by 26.3 per cent and sports goods by 19.1 per cent.
Further, product wise analysis showed that Pakistan export of fish and fish preparation to Dubai increased by 29.2 percent during the year 2003-04 over the previous year; rice increased by 19.3 percent; fruits, vegetables and preparations by 19.6 percent; spices by 14.6 per cent; feeding stuff by 30.4 percent; manufacture of base metals by 56 percent; articles of apparel of textile materials by 2.09 percent.
For the first time Pakistan exported ship and boat worth $1.290 million, furniture and parts thereof worth $3.613 million and $1.828 million worth sanitary plumbing, lighting during the year 2003-04 over the previous year.
The statistics showed that Dubai export of raw cotton to Pakistan increased by 85.8 percent during the year 2003-04.
Essential oils and perfumes by 46.8 percent; tyres and tubes of rubber by 75.7 percent; iron, steel and manufacture thereof by 64 percent; machinery and parts by 43.7 percent; ores and concentrates of non-ferrous metals by 40 percent.
For the first time Dubai exported road vehicles worth $13.864 million to Pakistan during the year under review; $279.647 million worth ship and boat; $1.124 million worth prefabricated building.
However, Dubai exports of petroleum and petroleum products declined by 78.4 percent; chemicals elements and compounds by 11.92 percent during the year 2003-04 over the previous year. |
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