INP-WealthPk

Pakistan’s Mobile Phone Imports Increase by 18% in Five Months

December 29, 2021

ISLAMABAD, Dec 29 (INP-WealthPK): Pakistan’s imports of mobile phones witnessed an increase of 18.32 percent during the first five months of the current financial year (2021-22) as compared to the same period of last year. According to the Pakistan Bureau of Statistics (PBS), Pakistan imported mobile phones worth $856.727 million during July-November (2021-22) as compared to the imports of $724.083 million during July-November 2020-21. On a year-on-year (YoY) basis, the import of mobile phones witnessed an increase of 27.65 percent in November 2021, as compared to the imports of the same month last year. Mobile phone imports during November 2021 were recorded at $212.055 million against the imports of $166.121 million in November 2020. On a month-on-month (MoM) basis, the imports of mobile phones rose by 41.64 percent during November 2021, as compared to the imports of $149.712 million during October 2021, according to the data. The PBS data shows that Pakistan’s total merchandise exports surged by 26.89 percent during the first five months of the current fiscal compared to the corresponding period of last year. Exports during July-November 2021-22 were recorded at $12.364 billion against the exports of $9.744 billion during the same period of 2020-21. On the other hand, imports also surged by 69.57 percent YoY, growing from $19.468 billion last year to $33.012 billion during the current fiscal year.