Pakistan’s regional exports rise 20.50% in July
ISLAMABAD: Pakistan’s exports to the seven regional countries witnessed an increase of 20.50 per cent in the first month of the current financial year 2021/22, compared with the corresponding month of the last year.
The country’s exports to the regional countries including Afghanistan, China, Bangladesh, Sri Lanka, India, Nepal, and the Maldives account for $2.82 billion, which is 12.49 per cent of the country’s overall exports of $2.25 billion in July 2021/22, The State Bank of Pakistan (SBP) reported.
China tops the list of countries in terms of Pakistan’s exports to its neighbours, leaving behind other countries such as Bangladesh and Afghanistan.
Pakistan carried out its border trade with the farther neighbour Sri Lanka, India, Nepal and the Maldives.
Pakistan’s exports to China posted a growth of 55.26 per cent to $1.65 billion in July from $1.06 billion in July 2020, While exports to Bangladesh also increased 5.66 per cent to $51.033million from $48.297 million.
The country’s exports to Afghanistan; however, dropped 38.57 per cent to $38.557million this year from $62.774 million, whereas exports to India plunged by a whopping 87.81 per cent to $0.054 million from $0.443 million, as the government has suspended trade relations with India.
Similarly, exports to Sri Lanka rose 68.55 per cent to $235.991 million from $15.420 million in the previous year.
Exports to Nepal declined 39.86 per cent to $0.273 million from 0.454 million, while to the Maldives it dipped 1.21 per cent to $0.325 million from $0.329 million, it added.
The imports from seven regional countries were recorded at $1,350.535 million during July 2022, compared with $1,131.427 million during July 2021, showing an increase of 19.36 per cent.
The imports from China during July were recorded at $1,311.976 million against the $1,100.268 million during July 2021, showing an increase of 19.24 per cent during the period.
Among other countries, imports from India worth $12.405 million against the imports of $15.833 million, decrease of 1.52 per cent, while imports from Afghanistan increased 194.23 per cent from $4.216 million to $12.405 million.
Meanwhile, imports from Sri Lanka witnessed 2.62 per cent decline from $7.096 million to $6.910 million, whereas Pakistan’s imports from Bangladesh were recorded at $3.518 million from $3.948 million during July 2021.
The imports from Nepal into the country witnessed a decline of 4.54 per cent from $0.066 million to $0.063 million, it added.
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