Regional Exports Post Meager 1.8 Percent Growth
In comparison to a year before, Pakistan’s exports to nine regional nations increased by 1.818 percent, while imports from the region increased by roughly 31 percent in the first 10 months of the current fiscal year (10MFY21).
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Exports to Afghanistan, China, Bangladesh, Sri Lanka, India, Iran, Nepal, Bhutan, and the Maldives represent only $3.191 billion, or barely 15.26% of Pakistan’s $20.906 billion in total international exports in 10MFY21.
China tops the list of nations that Pakistan sends to its neighbours, leaving Bangladesh and India behind despite having a larger population. Only via sea could Pakistan conduct its border trade with its distant neighbours, Nepal, Sri Lanka, Bhutan, Bangladesh, and the Maldives.
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However, imports from these nations increased marginally, rising to $10.754 billion in 10MFY21 from $7.638 billion in the same period last year, a rise of 30.97 percent. Pakistan’s trade deficit with the area widened throughout the time under review as a result of massive imports.
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