Exports from Pakistan to the seven neighbouring nations increased by 18.26%.In the first eleven months of the fiscal year (2021-22), Pakistan’s exports to the seven neighbouring nations increased by 18.26% compared to the same period in 2016.
According to data from the State Bank of Pakistan (SBP), the country’s exports to seven regional nations—Afghanistan, China, Bangladesh, Sri Lanka, India, Nepal, and the Maldives—account for a meagre $4172.741 million, or 14.22 percent of its total exports of $29333.048 million from July through May of 2021–22.
When it comes to exports from Pakistan to its neighbours, China leads the list, leaving behind nations like Bangladesh and Afghanistan. India, Nepal, Sri Lanka, and the Maldives were Pakistan’s distant neighbours with whom it conducted border trade.
In comparison to the same period last year, Pakistan’s exports to China climbed by 38.77% to $2543.235 million from $1832.649 million, and exports to Bangladesh increased by 42%) to $783.469 million from $551.712 million.
However, exports to Afghanistan fell by 44.82 percent to $494.080 million from $895.399 million during the period under review, while exports to India fell by 43.53 percent to $1.289 million from $2.283 million.
Similar to how exports to Nepal jumped by 26.07 percent to $5.420 million from $4.299 million, exports to Sri Lanka increased by 43.34 percent to $338.986 million from $236.486 million the year before. It also stated that exports to the Maldives climbed by 12.52 percent, from $5.564 million to $6.261 million.
When compared to the $11455.922 million during the July–May 2020–21 period, the imports from China for July–May 2021–22 totaled $15690.135 million, a rise of 36.96 percent.
India saw an increase in imports of 1.55 percent to $169.432 million from $166.831 million, while Afghanistan saw an 11.65 percent decline in imports from $163.728 million to $144.648 million.
Pakistan’s imports from Bangladesh increased to $83.201 million from $73.052 million previous year, while imports from Sri Lanka decreased 1.85% from $77.459 million to $76.023 million.
According to the report, Nepal’s imports increased by 13.59%, from $1.089 million to $1.237 million.