Pakistan imports from China clocks in at $1.15bn

September 19, 2024 (MLN): Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during August 2024, clocking in at $1.15 billion, an increase of 28.2% from last year.

On a monthly basis, the total imports from China dropped by 21.9%.

Cumulatively, in 2MFY25, China also remained the top source of imports, recording $2.63bn as against the total imports worth $1.86bn in 2MFY24.

According to the data released by the State Bank of Pakistan, this was followed by U. A. E. Dubai, as Pakistan imported goods worth $454.86 million from the country as compared to the imports of $494.01m recorded during the same month of the previous year, depicting a decline of 7.9%.

Compared to last month, imports from U. A. E. Dubai dropped by 5.4%. In 2MFY25, total imports from U. A. E. Dubai stood at $935.83m, registering an increase of 14.3% from the same period last year.

Qatar was the third on the list as Pakistan imported products worth $378.15m from the country.

This figure was up by 36.1% from the imports of $277.86m in the same period last year. While compared to July 2024, imports surged 52.9%.

Saudi Arabia was the fourth in line as imports from the region during the aforementioned period were $339.63m, depicting an increase of 20% from last year.

Cumulatively, in the first two months of the current fiscal year, Saudi Arabia ranked as the third-largest contributor to Pakistan's imports, accounting for imports valued at $698.34m, compared to the imports worth $621.13m in the same period last year

Among other countries, Pakistan's imports from Indonesia stood at $227.29m, marking a rise of 0.9% from a year ago, while imports from U. A. E. Abudhabi increased by 75.1% to $208.05m.

Moreover, the imports from Kuwait stood at $195.99m, down by 16.2% compared to SPLY.

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