ISLAMABAD: The imports of the total machinery group showed an increase of 6.36 per cent during the first five months of the current fiscal year (2023-24) compared to the equivalent period of the past year, the Pakistan Bureau of Statistics (PBS) stated.Between July and November of 2023–24, the machinery group’s total imports were $2,935.576 million, compared to $2,760.055 million during the same period the previous year.
Construction and mining machinery increased by 3.87 percent from $33.260 million to $34.546 million; electricity machinery and apparatus increased by 17.10 percent from $778.902 million; office machinery, including data processing equipment, increased by 57.11 percent from $129.909 to $204.095 million; and agriculture sector machinery and equipment increased by 60.76 percent from $19.784 million to $31,804 million.
However, the import of textile machinery decreased by 73% from $212.786 to $56.803 million, the import of power-generating machinery down by 26.24 percent from $241.135, and the import of other equipment decreased by 18% from $886.654 million to $722.473 million during the study period.
In the meantime, the machinery group’s imports rose 9.17% year over year in November 2023 from $534,863 million to $583,926, as compared to the same month the previous year.
Based on a month-over-month analysis, PBS data shows that the country’s imports of machinery decreased by 15.95% in November 2023 from $694,762 million in October 2023.
