Pakistan’s exports to nine regional countries posted a growth of 9.14 percent while imports grew by nearly 36pc in FY21 from a year ago, the latest data released by the State Bank of Pakistan showed, reported Dawn News
The country’s exports to Afghanistan, China, Bangladesh, Sri Lanka, India, Iran, Nepal, Bhutan, and the Maldives account for a small amount of $3.925 billion — just 14.21pc of Pakistan’s total global exports of $25.304bn in FY21.
China tops the list of countries in terms of Pakistan’s exports to its neighbors, leaving other populous countries India and Bangladesh behind. Pakistan carried out its border trade with the farther neighbor Nepal, Sri Lanka, Bhutan, Bangladesh, and the Maldives via sea only.
On the other hand, imports from these countries edged up to $13.827bn in FY21 against $10.183bn over the corresponding period last year, an increase of 35.78pc. As a result of huge imports, Pakistan’s trade deficit with the region expanded during the period under review.
