Pakistan imported $4.5 billion worth of goods from China during Jul-NovFY21

December 24, 2020 (MLN): Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during Jul-Nov FY21, followed by United Arab Emirates (UAE), Singapore and Saudi Arabia.

According to the latest figures released by State Bank of Pakistan (SBP), the total imports from China during the period under review were increased by 12% YoY to $4.523 billion, as compared to $4 billion recorded in the corresponding period of last year.

This was followed by UAE, as Pakistan imported goods worth $2.7 billion from the Emirates as compared to the imports of $3 billion recorded during Jul-Nov FY20, depicting a decline of 12% YoY.

Singapore was the third in the list as Pakistan imported products worth $1.112 billion from the country. This figure was up by 21% from the imports of $917.7 million in the same period last year.

Saudi Arabia was the fourth in line as imports came from the region during the aforementioned period was $802.49 million, depicting a significant increase of 29% YoY.

Among other countries, Pakistan’s imports from USA stood at $793.27 million, marking a rise of 9% YoY, while imports from Malaysia were increased by 14% YoY to $447.69 million.

The imports from Kuwait stood at $439.43 million, down by 2% YoY.

In the month of November alone, the total imports from China jumped by 7% YoY and 18% MoM to $944.63 million. Similarly, imports from Singapore surged to $310.6 million, up by 64%YoY and 27% MoM.

Total imports from UAE on the other hand depicted a decline of 12% YoY and an increase of 29% MoM to $526.9 million.

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