November 18, 2024 (MLN): Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during October, followed by U. A. E. Dubai, Qatar, and Saudi Arabia.
According to the data released by the State Bank of Pakistan, the total imports from China during the period under review went up by 21.4% to $1.21 billion, as compared to $993.17 million recorded in the corresponding period of last year.
This was followed by U. A. E. Dubai, as Pakistan imported goods worth $478.94m from the country as compared to the imports of $529.85m recorded during the same month of the previous year, depicting a deline of 9.6%.
Qatar was the third on the list as Pakistan imported products worth $283.18m from the country. This figure was up by 4.8% from the imports of $270.11m in the same period last year.
Saudi Arabia was the fourth in line as imports came from the region during the aforementioned period were $267.1m, depicting a decrease of 45% YoY.
Among other countries, Pakistan's imports from the Indonesia stood at $236.65m, marking a rise of 5.6% YoY, while imports from Singapore decreased by 22.1% YoY to $213.88m.
Moreover, the imports from U. S. A. stood at $180.41m, up by 53.6% YoY.
On a monthly basis, the total imports from China dropped by 4.3% MoM. Similarly, imports from U. A. E. Dubai dropped by 15.6% MoM.
Moreover, imports from Qatar depicted an increase of 7% MoM.
Meanwhile, cumulatively, in 4MFY25, China remained the top source of imports, recording $5.1bn as against the total imports worth $3.74bn in 4MFY24.
Whereas, total imports from U. A. E. Dubai in 4MFY25 stood at $1.98bn, registering an increase of 13.7%.
Cumulatively, Saudi Arabia ranked as the third-largest contributor to Pakistan's imports, accounting for imports valued at $1.33bn in 4MFY25, compared to the imports worth $1.63bn in the same period last year
