ISLAMABAD:Pakistan’s exports to the seven regional countries witnessed an increase of 30.90 percent in first five months of current financial year (2021-22), as compared to the corresponding months of last year.
The country’s exports to the regional countries including Afghanistan, China, Bangladesh, Sri Lanka, India, Nepal and the Maldives account for a small amount of $1687.848 million, which is 13.68 percent of Pakistan’s overall exports of $12330.070 million during July-November (2021-22), State Bank of Pakistan (SBP) reported.
China tops the list of countries in terms of Pakistan’s exports to its neighbouring, leaving behind other countries such Bangladesh and Afghanistan.
Pakistan carried out its border trade with the farther neighbour Sri Lanka, India, Nepal and Maldives.
Pakistan’s exports to China posted growth of 65.35 percent to $1018.129 million in five months of this year from $615.738 million during last year while exports to Bangladesh also increased by 44.06 percent to $316.664 million from $219.813 million.
The country’s exports to Afghanistan however dropped by 43.67 percent to $207.407 million this year from $368.265 million whereas exports to India plunged by a whopping 92.38 percent to $0.140 million from $1.839 as the government has suspended trade relations with India.
Similarly, exports to Sri Lanka rose by 74.38 percent to $139.113 million from $79.773 million in the previous year whereas exports to Nepal also increased by 100.27 percent to $3.701 million from $1.848 million, in addition exports to Maldives increased by 29.14 percent to $2.694 million from $2.086 million, it added.
On the other hand, the imports from seven regional countries were recorded at $7170.739 million during the period under review as compared to $4731.045 million during last year, showing increase of 51.56percent.
The imports from China during July-November 2021-22 were recorded at $6958.038 million against the $4537.797 million during July-November 2020-21, showing an increase of 53.33 percent during the period.
Among other countries, imports from India worth $80.145 million against the imports of $65.906 million, decrease of 17.76 percent while imports from Afghanistan increased by 46.59 percent from $49.879 million to $73.120 million.
Meanwhile, imports from Sri Lanka witnessed 4.17 percent decrease from $34.782 million to $33.329 million whereas Pakistan Imports from Bangladesh recorded at $38.817 million from $28.025 million during last year.
The imports from Nepal into the country witnessed decrease of 4.79 percent from $0.417 million to $0.397 million, it said.
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