Pakistan’s Exports to China, US, EU increases between July-April FY2021

ISLAMABAD: Pakistan’s exports to China, United States and the European Union marked a significant increase between July-April Fiscal Year 2021, announced Adviser to Prime Minister on Commerce, Abdul Razak, Dawood.

invest with imarat

Islamabad’s emerging city centre

Learn More

The exports marked an increase of 31% to $1.9 billion to China, due to implementation of second phase of the China-Pakistan Free Trade Agreement (CPFTA) between both the neighboring countries from January 1, 2020 and spanning till 2024.

Crossing the $4 million mark, the exports from Pakistan to US recorded an increase of 29% at USD $4,092 million during July-April 2021, as compared to USD 3,173 million in Jul-Apr 2020.

 

Taking the microblogging site – Twitter, the Adviser to PM on Commerce, Abdul Razak, Dawood lauded the efforts of MOC’s Trade & Investment Officers and urged them to provide maximum facilitation to our exporters & Investors.

 

The exports increased by 17.4% to $7.474 billion to the EU as compared to USD 6.367 Billion in Jul-Apr 2020. The major markets of the EU countries includes Poland (23 percent), Sweden (21 percent), Netherlands (21 percent), Germany (19 percent), France (14 percent), Belgium (12 percent), Italy (4 percent) and Spain (2 percent).

 

The exports to Germany rose 9% to $1.13 billion, whereas exports to the Netherlands increased 7% to $830.4 million.

Pakistan’s total exports in July-March FY2021 were recorded at $18.6 billion, marking a positive growth of 2% in value, as per the data released by the State Bank of Pakistan (SBP).

On the other hand, the exports to Bangladesh by 24%, UAE by 16%, Spain by 13%, and Italy by 6%.

 

For news and blogs, visit Graana.com.

 

 

Maham Tahir

Recent Posts

Garha Mor: A Notable Landmark in Vehari City

Garha Mor, a notable landmark in Vehari, Punjab, Pakistan, is significant in its location, accessibility,…

1 day ago

Aslam Market Wah Cantt: Pleasure of Shopping & Dinning

Located in the center of Wah Cantt, Aslam Market is a vibrant commercial hub that…

2 days ago

Abid Market Lahore: An Iconic Shopping Landmark

Located in the bustling heart of Lahore, Abid Market is a landmark shopping area well…

3 days ago

CDA Chairman Urges Rapid Completion of Major Islamabad Interchanges

ISLAMABAD, Nov 16 (APP): The Chairman of the Capital Development Authority (CDA), Muhammad Ali Randhawa,…

3 days ago

IMARAT Announces Launch of Pakistan’s Largest Sharia-Compliant REIT – A New Era of Real Estate Investment

Islamabad, Pakistan— IMARAT Group, a leading real estate developer and innovator in Pakistan, announces the…

3 days ago

Amma Tower: A Landmark in Urban Living & Commerce

Amma Tower, located in the bustling area of Saddar in Karachi, is a unique blend…

4 days ago