Pakistan’s exports to regional countries showed an upsurge of 18.26 percent during the first eleven months of the fiscal year (2021-22), against the corresponding period of last year (11MFY21).
The State Bank of Pakistan (SBP) reported that the country’s exports to seven regional countries comprising China, Bangladesh, Afghanistan, Sri Lanka, Nepal, India, and the Maldives worth $4172.741 million, making 14.22 percent of Pakistan’s overall exports of $29333.048 million during July-May (2021-22).
As per the details, exports to China reported an increase of 38.77 percent to $2543.24 million in 11MFY22 from $1832.649 million during the previous year whereas exports to Bangladesh also grew by 42 percent to $783.469 million from $551.712 million.
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SBP further reported that export to Afghanistan decreased by 44.82 percent to $494.080 million during the reviewed period from $895.399 million while exports to India also dropped by 43.53 percent to $1.289 million from $2.283.
However, the country’s exports to Sri Lanka increased by 43.34 percent to $338.986 million from $236.486 million during the last year while exports to Nepal also showed an increase of 26.07 percent to $5.420 million from $4.299 million.
In addition, exports to the Maldives also climbed up by 12.52 percent to $6.261 million from $5.564 million.
Meanwhile, the imports from seven regional countries were reported at $16166 million during the period under review against $11938.173 million during last year, an increase of 34.41 percent.
The imports from China were recorded at $15690.135 million during 11MFY22 as compared to $11455.922 million during 11MFY21, showing a growth of 36.96.
Imports from India were worth $169.432 million as compared to the imports of $166.831 million, showing an increase of 1.55 percent, however, imports from Afghanistan dropped down by 11.65 percent from $163.728 million to $144.648 million.
SBP also reported that Pakistan imports from Sri Lanka showed a 1.85 percent decrease from $77.459 million to $76.023 million while imports from Bangladesh were recorded at $83.201 million from $73.052 million during the previous year.
Meanwhile, the imports from Nepal into the country showed an increase of 13.59 percent from $1.089 million to $1.237million, it added.
