Pakistan Export Updates

[ghazi52]

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Exports cross $23 billion mark
According to figures issued by the commerce ministry in the first nine months of this fiscal year, Pakistan’s merchandise exports increased by 25% compared to the same period last year.

In absolute terms, from July-March export revenues increased to $23.332 billion. The significant devaluation of the rupee, along with many support measures, has resulted in a rise in exports.
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[ghazi52]

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[CrazyZ]

Exports are still strong but imports need to be reduced by $15 billion. Drastic times call for drastic measures, all non-essential and luxury imports need to be banned. Energy imports should be taxed with proceeds going to fund domestic hydro, solar, and Thar coal to liquids/fertilizer/petrochemicals projects. Caretaker president, NSC and state bank should take these emergency actions. Let the game of musical chairs continue for the elected positions.....key economic decisions need to be taken out of their hands.

 

[ghazi52]

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Pakistan’s exports to China crossed $ 67.072 million in the first two months of 2022, which recorded a nearly 23% increase year-on-year, shows the official data from the General Administration of Customs of China (GACC).

Despite the COVID-19 pandemic, bilateral trade has increased significantly. Pakistan’s exports stood at $67 million in the first two months of 2022, up 22.77 percent from $54 million in the same period of the previous year, according to China Economic Net (CEN).......
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[ghazi52]

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Pakistan’s exports in March 2022 increased by 17.3 percent to $2.773 billion when compared to $2.365 billion in March 2021, according to the data released by the Ministry of Commerce.

During the past nine months of the current financial year, exports have reached $23.332 billion as compared to $18.688 billion over the corresponding period of last fiscal year which is about a 25 percent increase, as issued by the ministry, adding that the growth in export proceeds from July to March FY22 is mostly because of huge depreciation of rupee along with several support measures.
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[ghazi52]

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Export of services has hiked up 18.17 percent during the first eight months of the present fiscal year from a year ago, as per the latest data disclosed by the Pakistan Bureau of Statistics (PBS).

In absolute terms, the PBS statistics said that the value of export of services has reached $4.49 billion between July-February from $3.80 billion over the corresponding months of last year.

The exports also showed an increase of 13.73 percent to $547.07 million in February as compared to $481.02 million over the corresponding month of last year.

Moreover, exports of services grew 4.98 percent on a month-on-month basis....
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[ghazi52]

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Pakistan exported food commodities worth $4bn during 9 Month FY2022, registering a jump of 19% YoY from $3.33bn in 9Month FY 2021.


Rice Export $1.79 Billion

15%
Fish Export $310 Million

2%
Fruits Export $394 Million

4%
Meat Export $2250 Million

1.18%
Petroleum Products Export $236 Million

103%
Petroleum crude Export $179 Million

185%
Sports Goods Exports $260 Million

35%
Leather Manufacturing Exports $464 Million

8.5%
Pharmaceutical Products Exports

29.5%
Chemicals Exports $590 Million

46%
Plastic Exports $303 Million

30%
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[ghazi52]

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[pak1234]

The trade deficit is too high

 

[ghazi52]

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[ghazi52]

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ICT export remittances including telecommunication, computer and information services during the first nine months of the current fiscal year 2021-22 surged to $1.948 billion at a growth rate of 29.26 percent in comparison to $1.507 billion during the same period in the fiscal year 2020-21.

According to the Ministry of Information Technology and Telecommunication data, in March 2022, the ICT export remittances stood at $259 million at a growth rate of 23.92 percent when compared to $209 million reported for the month of March 2021. Also, $58 million is higher than export remittances of $ 201 million during the previous month of February 2022.

The net exports for the period July 2021 to March 2022 during the fiscal year 2021-22 are $1.472 billion which is 75.56 percent of $1.948 billion in exports.

Last year, for the same period the net exports were $1.126 billion which was 74.72 percent of US$ 1.507 billion in exports.
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[ghazi52]

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Pakistan’s exports of goods and services to United State of America (USA) witnessed an increase of 40.27 per cent during the first three quarters of fiscal year (2021-22) as compared to the exports of corresponding period of last year.

The overall exports to USA were recorded as $5000.275 million during July-March (2021-22) against exports of $3564.575 million during July- March (2020-21), showing growth of 40.27 per cent, State Bank of Pakistan (SBP) data revealed on Wednesday.

Meanwhile on year-to-year basis, exports to USA during March 2022 also increased by 21.80 per cent from $484.376 million to $590.001 million. Similarly on month-on-month basis, exports to USA rose by 7.69 per cent during March 2022 in comparison with exports of $547.856 million in February 2022, SBP data said.
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[ghazi52]

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The surgical instruments industry is mainly clustered in and around the skirts of Sialkot. Over 99% of the country’s production is centered at Sialkot.

The sector comprises over 3500+ companies.

Pakistan is one of the major countries in the world that is manufacturing and exporting hand-held quality surgical instruments throughout the world.

The top 10 buyers are the US, Germany, UK, France, Italy, UAE, Japan, Brazil, Mexico, and Russia. America is the largest market for disposable instruments, while a majority of reusable instruments are exported to the EU. Pakistan’s direct exports of surgical instruments to China are also on the rise.

 

[ghazi52]

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Pakistan`s Ambassador to Italy, Jauhar Saleem has said that Italy is set to become a $1 billion export market for Pakistan this year.

While talking to the media via Zoom, Saleem shared that Pakistan has posted a trade surplus of $372 million during the financial year 2021-22 (July-March), which is 65 percent higher than the previous year.

Despite the difficult conditions due to the pandemic, Pakistan has registered an impressive growth of 41 percent in FY 2021-22 (July-March) as compared to the corresponding period. The Ambassador informed that Pakistan’s exports to Italy reached an all-time high of $805 million during the first 9 months of this financial year.

 

[ghazi52]

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ISLAMABAD (APP): Pakistan earned US $508.015 million by providing different transport services in various countries during the first eight months of financial year (2021-22).

This shows growth of 26.71 percent as compared to $400.940 million earned through provision of services during the corresponding period of fiscal year (2020-21), Pakistan Bureau of Statistics (PBS) reported.

During the period under review, the exports of sea transport services witnessed an increase of 51.18 percent, by going up from $56.130 million last year to $84.860 million during the period under review.

Among the sea transport services, the exports of freight services increased by 99.46 percent from $22.390 million last year to $44.660 million whereas the exports of other sea transport services also grew by 19.15 percent from $33.740 million to $40.200 million current year, the PBS data revealed.

The exports of air transport rose by 25.45 percent by going up from $325.030 million last year to $407.735 million during July-February (2021-22).

Among the air transport services, the exports of passenger services increased by 23.55 percent, from $213.970 million to $264.350 million, whereas the exports of freight services also rose by 2.55 percent, from $20.400 million to $20.920 million, in addition the export of other air transport services increased by 35.08 percent from $90.660 million to $122.465 million.

Meanwhile, the exports of road transport services during the period under review witnessed a decline of 20.37 percent by going down from $12.960 million to $10.320 million during this year, it added.

Among the road transport services, the exports of freight services decreased by 75.44 percent, from $9.610 million to $2.360 million during the fiscal year under review, while the export of postal and courier services also decreased by 25.22 percent, from $6.820 million to $5.100 million, the data revealed.