Exports to China jump by 2x YoY in Aug’21

September 6, 2021 (MLN): Pakistan’s exports to China escalated by2x YoY to clock in at $197.27mn during August’21, compared to $94mn in August’20.

The aforesaid announcement was made by Abdul Razak Dawood, Adviser to PM for Commerce and Investment on his Twitter handle today.

Meanwhile, the exports to the US, the UK, The Netherlands, Germany and Spain have also increased while those to Afghanistan, Denmark, South Korea, Indonesia, Singapore and Czech Republic decreased during August’21 as compared to the same period last year.  

Product wise, the exports of Home Textiles have surged by 50% YoY to $385.08 in the month of August’21, compared to August’20.

In addition, the exports of Men's Garments, Cotton Fabric, Rice, Jerseys, Fruits, Vegetables and T-shirts have also witnessed an uptick of 47% YoY, 31% YoY, 43% YoY, 70% YoY, 63% YoY, and 56% YoY to stand at $377.14mn, $189.27mn, $72.82mn, $58.34mn and $42.64 compared to the same month last year.

On the other hand, the exports of Surgical instruments, Fish & Fish Products, Cement, Tents & Canvas and Wood & articles of wood clocked in at $32.42mn, $1.27mn, $9.49mn, $5.7mn, and $1.61mn, dropped by 4% YoY, 24% YoY, 56% YoY, 24% YoY, and 67% YoY, respectively.

The exports of services during July 2021 increased by 6.4% YoY to USD 483 million as compared to USD 454 million during July 2020.

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