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Pakistan Remains Top Importer of Chinese Goods in 10M FY21

Islamabad: Singapore, the United Arab Emirates (UAE), and China were the top three nations from which Pakistan purchased various items during the first ten months of the current fiscal year (10MFY21).

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The State Bank of Pakistan (SBP) said that the overall value of imports from China during the (July-April) period totaled $10,312.1 million, up from $7,638.1 million during the same time last fiscal year, representing an increase of 35.02 percent.

Pakistan bought commodities totaling $5,604 million from the UAE, a 1.04 percent decrease from $5,663 million the previous year.

According to SBP statistics, Singapore ranked third among the countries from which Pakistan imported items worth $2,492 million compared to $1,991 million in FY20, indicating rise of 25.16 percent.

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The statistics indicated that, among other nations, Pakistani imports from the United States of America (USA) increased by 5.94% while imports from Saudi Arabia increased by 61.97%.

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