The exports of Pakistan to the seven regional countries observed an upsurge of 30.90 percent in the first five months of the present financial year (2021-22), compared to the equivalent months of last year.
According to a report issued from State Bank of Pakistan the country’s exports to the regional countries comprising China, Afghanistan, Bangladesh, India, Sri Lanka, Nepal, and the Maldives account for a minor amount of $1687.848 million, which is 13.68 percent of Pakistan’s general exports of $12330.070 million in July-November (2021-22).
China is at the top of the list of countries in terms of Pakistan’s exports to its adjacent, leaving behind other nations such as Afghanistan and Bangladesh.
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Moreover, exports to China showed growth of 65.35 percent to $1018.129 million in five months of the current year from $615.738 million in last year whereas exports to Bangladesh also showed an increase of 44.06 percent to $316.664 million from $219.813 million.
However, Pakistan’s exports to Afghanistan decreased by 43.67 percent to $207.407 million this year from $368.265 million while exports to India rushed by an enormous 92.38 percent from $1.839 to $0.140 million as the government has adjourned trade relations with India.
Likewise, exports to Sri Lanka increased by 74.38 percent from $79.773 million to $139.113 million in the last year while exports to Nepal also hiked by 100.27 percent from $1.848 million to $3.701 million.
Besides exports to the Maldives plunged up by 29.14 percent from $2.086 million to $2.694 million, the report added.
Instead, the imports from seven regional countries were chronicled at $7170.739 million in the period under analysis as compared to $4731.045 million during last year, displaying an upsurge of 51.56 percent.
Moreover, the imports from China in July-November 2021-22 were noted at $6958.038 million besides the $4537.797 million during July-November 2020-21, displaying an increase of 53.33 percent during the period.
Among other nations, imports from India continued at $80.145 million as compared to the imports of $65.906 million, a decrease of 17.76 percent.
