Pakistan Export Updates

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Pakistan to resume export of kinnows to Iran as import restrictions lifted

Foreign Minister Makhdoom Shah Mahmood Qureshi Tuesday said that Iran has lifted restrictions on import of kinnow (citrus) from Pakistan which had been in place since 2012.

The foreign minister said the step was a manifestation of further solidifying of bilateral ties between the two countries. The step would be a good news for the Pakistani traders and the people linked with its cultivation in the country, he said during a visit to Pakistan House in Tehran, a press release said.

Foreign Minister Qureshi early in the day arrived Iran on an official visit at the invitation of Iranian Foreign Minister Dr. Javad Zarif.

 

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Pakistan beats India in apparel exports to US

Pakistan performed better than India in apparel exports to the United States in February 2021.

Pakistan had an outstanding performance among apparel export destinations globally during February, according to Sourcing Journal, a credible source for textile sector information.

“We were the only main exporter with increased apparel supply to America during Covid-19,” said Adviser to PM on Commerce Abdul Razak Dawood

Pakistan was on top position in the list of countries that export textile, according to a report released by Apparel Resources, another international platform that gives insights into apparel industry exports.
Normally, India and Bangladesh perform better than Pakistan but this time Pakistan has fared better than its neighbouring countries despite all the challenges of Covid-19 faced worldwide.

Although the apparel import value of the US, a prominent destination for textile exports, decreased 8.7% year-on-year to $5.39 billion in February 2021, its volume increased 3.2% and Pakistan was on top of the list of countries which witnessed a hike in their apparel exports.

Other countries that recorded growth in exports included China, Bangladesh and Egypt. Pakistan and China managed to increase their apparel shipments to the US both in terms of value and volumes.

“Pakistan is showing the world that we are a reliable supply destination,” Dawood emphasised.

 

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Non-textile exports post paltry growth

Mubarak Zeb Khan
April 23, 2021

ISLAMABAD: Pakistan’s non-textile exports posted a paltry growth of 4.28 per cent year-on-year to $7.332 billion during the nine months of ongoing fiscal year (9MFY21) owing to the partial revival of international orders.

Overall growth in the non-textile sector is mainly led by the value-added sectors. Non-textile sector has yet to receive full orders to pre-Covid levels, data compiled by the Pakistan Bureau of Statistics (PBS) showed.

In 9MFY21, three sectors — leather garments, surgical instruments and engineering goods — have maintained growth in export proceeds despite lockdowns in many countries.

Food shortages in domestic market and lesser demand in international market led to overall drop in demands for Pakistani food products, especially fruits.

Data compiled by the PBS showed the food basket contracted 1.84pc in the July-March period from a year ago.

Under this category, exports of rice witnessed a decline of 2.11pc. On the other hand, Basmati exports dipped 27.30pc in value and 33.22pc in quantity while non-basmati exports were up by 11.90pc in value.

The export of spices was up by 5.21pc, followed by oil seeds, nuts 172.85pc, meat and products 6.54pc during the period under review. Contrary to this, export of fish and fish products declined by 4.32pc while that of foreign sales of vegetables dipped by 4.55pc, fruits 0.29pc, tobacco 13.86pc.

Published in Dawn, April 23rd, 2021

 

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Pakistan earns $ 1298mn from IT services' export 8 months

• During the period under review, the computer services grew by 44.53 percent as it surged from US $708.100 million last year to US $1023.410 million during July-February (2020-21).

APP 26 Apr 2021


ISLAMABAD: Pakistan earned US $1298.080 million by providing different information technology (IT) services in various countries during the eight months of financial year 2020-21.

This shows growth of 41.43 percent as compared to US $917.840 million earned through provision of services during the corresponding period of fiscal year 2019-20, Pakistan Bureau of Statistics (PBS) reported.

During the period under review, the computer services grew by 44.53 percent as it surged from US $708.100 million last year to US $1023.410 million during July-February (2020-21).

Among the computer services, the exports of software consultancy services witnessed increase of 25.07 percent, from US $272.922 million to US $341.352 million while the export and import of computer software related services also rose by 17.69 percent, from US $212.254 million to US $249.803 million.

The exports of hardware consultancy services dropped by 78.82 percent from, US $1.794 million to US $0.380 million whereas the exports of repair and maintenance services also decline by 70.31 percent from $1.270 million to $0.377 million.

In addition the exports of other computer services rose by 96.26 percent from US$219.860 million to US $431.498 million.

Meanwhile, the export of information services during the period under review also increased by 72.22 percent by going up from US $ 1.440 million to US $2.480 million.

Among the information services, the exports of news agency services increased by 81.03 percent, from US $ 0.780 million to US $ 1.412 million whereas the exports of other information services also increased by 61.82 percent, from US $ 0.660 million to US $ 1.068 million.

The export of telecommunication services also witnessed an increase of 30.67 percent as these went up from US $208.300 million to US $272.190 million during the financial year under review, the data revealed.

Among the telecommunication services, the export of call centre services increased by 15.37 percent during the period as its exports increased from US $77.586 million to US $89.508 million whereas the export of other telecommunication services also increased by 39.76 percent, from US $130.714 million to US $182.682 million during the period under review, the PBS data revealed.

 

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Meat, meat products exports increased 47.74pc in March

• During the period from July- March, 2020-21, the exports of meat and meat products grew by 6.54 percent as compared the exports of the corresponding period of last year.

APP 26 Apr 2021

ISLAMABAD: The exports of meat and meat preparation during the month of March, 2021 witnessed about 47.74 percent growth as compared the exports of the corresponding month of last year.

During the period under review about 9.889 metric tons of meat valuing US $ 33.244 million exported as compared to the exports of 6,424 metric tons worth of US $ 22.202 million of same month of last year, according the data of Pakistan Bureau of Statistics.

Meanwhile, in last nine months of current financial year, country earned US $ 248.179 million by exporting about 72,873 metric tons of meat and meat products as compared the exports of 62,653 metric tons valuing US $ 232.953 million of same period of last year.

During the period from July- March, 2020-21, the exports of meat and meat products grew by 6.54 percent as compared the exports of the corresponding period of last year.

On month on month basis, the exports of fish and fish preparation also recorded about 35.53 percent growth in March, 2021 as compared the exports of same month of last year.

In March this year about 23,975 metric tons of above mentioned products valuing US $ 52.407 million exported as compared to the exports of 17,218 metric tons costing US $ 38.669 million of same month of last year.

However, the exports of fish and fish products remained on down track during first nine months of current financial year as it witnessed about 4.32 percent reduction and reached to US $ 303.606 million against US $ 317.305 million of same period of last year.

During the period from July to March 2020-21, 136,370 metric tons of fish and fish preparation exported from the country as against the exports of 130,148 metric tons of same period last year.

It may be recalled here that food commodities worth US $ 3.332 billion exported from the country during last nine months of current financial year as against the exports of US $ 3.394 billion of same period last year.

On month on month basis, different food commodities valuing US $ 478.627 million were exported in March,2021 as compared to the exports of same period last year.

 

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Monthly Exports of Goods & Services in March 2021 were $3176 Million, HIGHEST ever in country's history (excluding USA's CS Fund).

Goods Exports were $2612M, 2nd highest ever.

IT services exports were $213M, highest ever in any months.

Pharmaceutical exports increase 24% reach $207 million

Pakistan earns $ 1298m from IT services' export 8 months

Export of engineering goods during July-March 2020-21 stood at $164.010 million increase by 16.95%

 

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Pakistani art export grows enormously amid Covid

PEERZADA SALMAN
NEWSPAPER REPORTER


According to SBP data, exports of works of art, collectors’ pieces and antiques was valued at $36.6m this fiscal year.

Photo: Whitestar


The coronavirus pandemic has badly affected, in some cases destroyed, the economies of many countries. Although Pakistan has, so far, kept its head above water, the situation with another lockdown likely to be imposed is still a little difficult to control. Experts in financial matters are keeping an eye on the country’s exports upon which its economy depends to a great extent. But much to the surprise of many, pleasantly at that, something positive has emerged in terms of numbers — and in a field that not an awful lot of business analysts would expect Pakistan to do well in: art.

In the ongoing fiscal year, as per data provided by the State Bank of Pakistan (SBP) on Monday, the country’s export of works of art, collector pieces and antiques has increased exponentially. Even a cursory look at the figures will make practitioners and lovers of art in our part of the world feel mighty proud of ourselves. In the last financial year, exports of works of art, collectors’ pieces and antiques were to the tune of $386,000 (July-March) whereas in the current year it increased to $36,594,000. Unbelievably good!

According to SBP data, exports of works of art, collectors’ pieces and antiques valued over $36.6m in the first nine months of this fiscal year

 

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Pakistan’s exports to Japan jumps by 40 percent during January to March

• Pakistan has exported goods worth of US$ 86.1 million to Japan from January to March 2021, whereas exports in the same quarter last year stood at US$ 58.7 million.

APP
02 May 2021

ISLAMABAD: Pakistan’s exports to Japan have jumped by 40% in the first quarter (Jan - Mar) during the current year as compared with the last quarter of 2020 i.e. (Oct – Dec).

According to trade figures released by Japan’s Ministry of Finance, the increase is more than 47% when compared to the same period last year i.e. Jan – Mar 2020, Pakistan embassy in Japan said in a press release on Sunday.

This trend highlights that Pakistan is coming out of the challenges to international trade posed by the current pandemic.

Covid related limitations had brought a slight negative impact on trade between Pakistan and Japan towards the end of last year; however, Pakistan’s exports to Japan bounced back in high numbers.

As compared to exports of US$ 61.6 million in the last quarter of 2020, Pakistan has exported goods worth of US$ 86.1 million to Japan from January to March 2021, whereas exports in the same quarter last year stood at US$ 58.7 million.

This multiplying trend observed in bilateral trade is mainly associated with focused efforts of the mission to diversify the export mix of Pakistan for Japan.

Pakistani Mission in Tokyo, through its Trade and Investment Wing, devised an export diversification strategy ‘Option Pakistan’ last year with a focused layout plan – reaching out to all major business chambers and trade associations in Japan, introducing a range of Pakistani exportable products.

Ambassador Imtiaz Ahmad along Trade and Investment Consular Tahir Cheema held meetings with local government trade departments, regional JETROs and Chambers of Business in Osaka, Kobe, Kyoto, Nara, Sendai, Aomori and other important business hubs.

This high-level interaction with the Japanese business community resulted in raising the confidence of Japanese importers in Pakistani goods. Augmenting these efforts, the Mission through its Trade Consular Mr Cheema participated in almost all major trade fairs and exhibitions held in and around Tokyo since resumption of such events since September last year in a hybrid mode as international exporters are unable to enter Japan to display their goods for such promotional activities.

The strategy not only resulted in spreading information about Pakistan and its trade potential but also helped in providing Japanese companies with an attractive source of procurement for their businesses that are facing serious issues of depleting stocks due to travel restrictions.

In the recent months, seafood products, petroleum, dry fruits, spices and minerals have contributed to Pakistan’s rising exports to Japan; whereas, a considerable increase has been noticed in export of woven fabric, knitted garments, honey, sports goods, cutlery, socks, gloves, gems & jewelry and dates.

Trade Development Authority of Pakistan (TDAP) is also partnering with the Mission to increase presence of Pakistani companies and products in the upcoming events to be held in Japan as the pandemic prolongs, adding to the challenges of manufacturers and exporters. This support will come in the form of enhanced subsidy by TDAP for priority sectors.

In the coming months, TDAP, JETRO and Pakistan’s Trade Mission at the Embassy will further strengthen plans to increase Pak-Japan trade.

 

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Jan-March exports to China shoot up by 64pc

APP
03 May 2021


BEIJING: China-Pakistan Free Trade Agreement Phase-II (CPFTA-II) effective since January 1, last year is now showing results. Pakistan’s exports to China shot up by 64% during January-March 202, Commercial Consular, Pakistan Embassy, Beijing, Badar Uz Zaman said.

He made these remarks while participating in a recently held a brainstorming session online with representatives of Pakistani trading community to discuss how to secure a due share in the over $2 trillion import market of China. The conference had particular significance in the backdrop of the updated China-Pakistan FTA.

They stressed the need to robust efforts to take full benefits of the concessions granted by the Iron Brother to Pakistani traders under the CPFTA-II.

However, the government officials told the traders that value-addition, certification and branding were all a must for penetrating the Chinese market, according to a report published by CEN.

The Chinese authorities also offer generous help by training Pakistani traders and workforce to meet the required standards, they said. They also told the traders to appoint local agents for effective marketing and ensure active presence in trade exhibitions held in China. Pakistani traders asked the officials to organise sector-specific webinars with their Chinese fellows for them.

On the occasion, RCCI President Nasir Mirza said that the CPFTA-II had opened up the door for Pakistani traders to the Chinese market. He said that the RCCI members were interested in exports of gems and precious minerals to China.

Bilal Ahmad Butt, Consul General of Pakistan in Hong Kong SAR, China told the traders that Honk Kong was a big consumer market with no local production.

He said that traders in Hong Kong were particularly interested in importing gems and minerals from Pakistan. Hong Kong is also a big market for Pakistani fruits and vegetables, he said. They have also offered free training on value addition of gems, minerals and food items to Pakistani investors and workers, he said.

 

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Textile exports rally continue

BR Research
04 May 2021

The textile exports of Pakistan are experiencing and expecting a second external surge. The first one was when the first wave of the pandemic resulted in lockdowns across countries including key textile exporters like India and Bangladesh. Orders were diverted and poured into Pakistan’s textile industry.

And now when it was being anticipated that strengthening and reopening of global markets from lockdown and ensuing vaccination drives in countries including Bangladesh and India would be key factors in restricting export growth in the textile segment, the new and deadly wave of covid-19 in India along with decline in textile exports from China are expected to give Pakistan’s textile exports another boost.

Exports of textile sector as per Pakistan Bureau of Statistics (PBS) were seen climbing by over 30 percent year-on-year in March-21, while there has also been a recovery on a month-on-month basis where textile exports increased by 9.8 percent. Where part of the growth is attributable to export growth in the value-added segment, it was also due to a contrasting performance in March-2021 versus a weak base of March-20 when the country went into its first real lockdown amid rising first-wave covid cases.

As per PBS data, textile export 9MFY21 were up by a little over 9 percent year-on-year. Much of the growth in textile exports in March-21 as well 9MFY21 is attributable to the growth witnessed in value-added segment particularly knitwear, bedwear and home textile (all recording staggering double digit growth year-on-year). Readymade garments - though a key value-added product – continued its relatively slow-paced (23% YoY) growth in March-21 and 9MFY21 as changing global dynamics amid the pandemic has pushed the demand for home textiles much higher than garments.

Export of cotton yarn also continued to see spike for a second month in FY21 (up by 39% YoY in March-21), which was despite shortage of yarn in the country and the textile companies crying for duty free import of yarn.

Month-on-month trend shows that the export growth was led by non-value-added segment such as cotton cloth (23% MoM). And a key reason for that as highlighted by a research note by AKD Securities is extra efforts by the local manufacturers to capture US textile imports from China after order cancellation from Xinjiang (that accounts for 0 percent of Chinese output) due to human rights violation.

But let’s not get too optimistic about exports just yet. Like India, Covid cases in Pakistan are also surging rapidly with much more restrictions and lockdowns in place and expected in the coming weeks – which could sweep away benefits and also result in a decline in exports in the coming months.

 

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Pakistan earns $ 389mn by exporting transport services in 8 months

• This shows decrease of 29.26 percent as compared to US $551.070 million earned through provision of services during the corresponding period of fiscal year (2019-20).

APP
05 May 2021

ISLAMABAD: Pakistan earned US $ 389.834 million by providing different transport services in various countries during the eight months of financial year (2020-21) as compared to the corresponding period last year.

 

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Record kinno exports fetch $253m

The Newspaper's Staff
May 8, 2021

Pakistan exported highest-ever 460,000 tonnes of kinno during 2020-21 amid strong demand. — Reuters/File


KARACHI: Pakistan exported highest-ever 460,000 tonnes of kinno during 2020-21 amid strong demand as foreign buyers consumed the fruit for strengthening the immunity system against Covid-19.

Around 40 countries lifted Pakistani kinno which boosted exports by 30 per cent compared to 353,000 tonnes last year.


“Kinno exports have fetched $253 million this season,” Waheed Ahmed, Patron-in-Chief, All Pakistan Exporters, Importers and Merchants Association (PFVA) said, adding that export target for the current year was 350,000 tonnes to fetch $210m.

He said despite record kinno sales, exporters had to sustain huge financial losses as dollar price fell sharply to Rs153 while they materialised export orders at Rs168.

Pakistani kinno, however, could not get fair price due to lockdown in international markets while disproportionate increase in the cost of freight further multiplied the huge financial losses, the highest loss was sustained in the Russian market, he deplored.

He said exports of kinno were also made to Afghanistan and Iran after reopening of borders due to efforts of the ministries of commerce and interior. Exporters also made shipments to the United Kingdom after a long gap of seven years as the UK has left from the European Union.

Published in Dawn, May 8th, 2021

 

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The Frontier Post


ISLAMABAD (APP): China topped the list of countries from where Pakistan imported different products during the first three quarter of financial year (2020-21), followed by United Arab Emirates (UAE) and Singapore.

The total imports from China during July-March (2020-21) were recorded at $9074.105 million against the $6967.724 million during July-March (2019-20), showing an increase of 30.23 percent during the period, State Bank of Pakistan (SBP) said.

This was followed by UAE, where Pakistan imported goods worth $4962.008 million against the imports of $5265.142 million last year, showing negative growth of 5.75 percent.

Singapore was the at third top country from where Pakistan imported products worth $2208.545 million against the imports of $1752.843 million last year, showing growth of 25.99 percent, SBP data revealed.

Among other countries, Pakistani imports from United State of America (USA) stood at $1774.043 million against $1684.482 million during last year, showing growth of 5.31 percent while the imports from Saudi Arabia were recorded at $1600.956 million against $1103.846 million last year, showing increase of 45.03 percent, the data revealed.

The imports from Malaysia were recorded at $879.465 million against $730.272 million whereas the imports from Kuwait were recorded at $1007.367 million against $790.272 million last year.

During July-March, the imports from South Korea were recorded at $917.073 million against $522.239 million whereas the imports from Indonesia at $844.441 million against $817.173 million.

Pakistan’s imports from Japan were recorded at $1072.571 million against $845.149 million whereas the imports from Switzerland stood at $851.519 million against $444.420 million.

Similarly, the imports from Germany during the period under review were recorded at $796.000 million against $753.736 million while the imports from Thailand stood at $759.919 million against $550.731 million.

Pakistan’s imports from Qatar were recorded at $884.264 million during the current fiscal year compared to $1353.676 million last year, whereas the imports from UK stood at $575.054 million against $529.922 million.

 

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Adviser to the Prime Minister on Commerce, Textile, Industry and Production Abdul Razak Dawood said on Sunday that the country’s exports were gradually increasing and export to Australia jumped by 29 per cent during 10 months of the current fiscal year.

In a tweet, the adviser said that the country had witnessed $52 million worth of more exports to Australia during July-April FY2021 as compared to the same period last year.

“We are glad to share that during Jul-April 2021, our exports to Australia increased by 29% to USD 229 million as compared to USD 177 million in Jul-April 2020. This is the highest 10-months export to Australia ever,” he tweeted