The Total EOE exports for the 1st semester 2023 registered an increase of 2.4%, from Rs. 23,428 million in 1st Semester 2022 to Rs 24,000 million for the same period in 2023.
This increase is mainly attributed to the positive performance in some key sectors like Fish & fish preparations (+30%), Medical Devices (9.7%) and Watches & Clocks (3.3%).
On the other, our exports of Textiles & Apparel went down by 14.3%, with a significant drop of 24.1% in exports of Yarn & Fabrics.
|(Rs. Million)||Jan-June 2022||Jan-June 2023||% Change|
|Total EOE Exports||23,428||24,000||2.44|
|Textiles & Clothing||10,310||8,833||-14.33|
|Yarn & Fabrics||2,591||1,967||-24.08|
|Fish & Fish Preparation||5,325||6,927||30.08|
|Jewellery & Pearls Precious||2,587||2,403||-7.11|
|Watches & Clocks||750||775||3.33|
From a market perspective, exports to South Africa dropped by 8.9%. But it still remains the leading export destination for the first 6 months 2023. Similarly, exports USA registered a negative growth of 4.9%.
On the contrary, UK and France registered positive growth of 3.5% and 5.4%, respectively. And we are pleased to report positive double-digit growth in non-traditional markets such as Germany, Italy, Spain and Netherlands.