In the first three quarters of fiscal year (2021-22), Pakistan’s exports to the seven regional countries increased by 23.50 percent compared to the same periods the previous year.
According to the State Bank of Pakistan (SBP), Pakistan’s exports to seven regional countries, including Afghanistan, China, Bangladesh, Sri Lanka, India, Nepal, and the Maldives, totaled $3440.687 million in July-March 2021-22, accounting for 14.51 percent of the country’s overall exports of $23699.090 million.
In terms of Pakistan’s exports to its neighbors, China tops the list, leaving Bangladesh and Afghanistan in second and third place, respectively. Pakistan conducted border trade with Sri Lanka, India, Nepal, and the Maldives, all of whom were further away. In the first nine months of this year, Pakistan’s exports to China climbed by 51.27 percent to $2126.778 million, up from $1405.890 million last year, while exports to Bangladesh increased by 47.94 percent to $648.936 million, up from $438.626 million.