Export to Malaysia records 81 percent increase in first half

[ameer219]

Export to Malaysia records 81 percent increase in first half

RECORDER REPORT

LAHORE (September 22 2010): Pakistan's exports to Malaysia recorded a healthy increase of 81 percent with exports of RM 352 million in the first six months of this year as compared to RM 194 million in the corresponding period of 2009 with rice and onion being the biggest contributors.

According to the latest data obtained from Malaysian Trade Development Authority (MARTRADE) by Pakistan High Commission in Kuala Lumpur, the rice made up more than half of the total exports with an export of RM 188 million compared to RM 46 million of last year registered a robust growth of 307 percent.

Data further revealed that onion with an export of RM 12 million registered robust growth compared to exports of RM 0.17 million in the corresponding period of last year. In the same period, maize with an export of RM 6 million compared to the RM 3.7 million recorded a robust growth of 61 percent, cotton yarn with an export of RM 20.2 million compared to RM 10.5 million registered an increase of 92.2 percent and bed linen with an export of 1.4 million compared to 0.68 million recorded an increase of 105 percent.

The Malaysian export to Pakistan also registered a robust growth of 13.57 percent with total exports of RM 3.22 billion compared to RM 2.84 billion of first six months of last year. Palm oil with an export of RM 2.41 billion compared RM 1.97 billion with growth of 22.59 percent, natural rubber with an export of RM 31.8 million compared to RM 15.95 million with an increase of 99.33 percent remained the first and second largest contributors.

Automatic data processing machines with an export of RM 35.2 million compared to 21.46 million with an increase of 64.08 percent, part and accessories with an export of RM 38.28 million compared to RM 24.62 million with an increase of 56.28 percent were amongst the leading exports.

However, Pakistan exports of fish, potatoes, woven fabric synthetic staple fibre, electric appliance of line telephony to Malaysia registered decline of 54.67 percent, 11.23 percent, 40.15 percent and 59.90 percent respectively. Malaysian exports of insecticides and synthetic filament yarn also registered decline of 35.72 percent and 35.02 percent respectively.

High Commissioner for Pakistan in Malaysia, Masood Khalid has urged the Malaysian importers to consider importing non-traditional items, such as cutlery, surgical instruments, gems and jewellery, sports goods, light engineering goods, marble products computer software products, fruits and fruit products, vegetables and meat and meat based products which are known the world over due to their high quality and price competitiveness.. He also urged the Pakistan exporters to improve the efficiency of their supply chain, quality of their products and make proactive efforts to forge partnership arrangements with Malaysian importers to make a permanent place in growing Malaysian market.

Copyright Business Recorder, 2010
Business Recorder [Pakistan's First Financial Daily]

 

[Hyde]

finally a good news