Pakistan’s imports from China dip by 11% in FY19

News Image

By MG News | July 22, 2019 at 01:27 PM GMT+05:00

0:00

July 22, 2019 (MLN): Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during FY19, 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 FY19 were declined by 11.4 percent to $10.16 billion, as compared to $11.47 billion recorded during FY18.

This was followed by UAE, as Pakistan imported goods worth $8.86 billion from the Emirates as compared to the imports of $8.9 billion recorded during FY18, depicting a negligible decline of 0.47 percent.

Singapore was the third in the list as Pakistan imported products worth $3.3 billion from the country. This figure was down by 25.5 percent from the imports of $4.47 billion in FY18.

Saudi Arabia is just a little behind Singapore, 6% of Pakistan imports came from the region during the aforementioned period. Its exports to Pakistan dropped by 3 percent to $2.98 billion from $ 3 billion reported in previous fiscal year.

Among other countries, Pakistan’s imports from USA stood at $2 billion, remained the same as recorded in FY18, while imports from Qatar were increased by 27 percent to $2 billion in FY19 as against $1.6 billion in previous fiscal year.

During the period under review, the imports from India were recorded at $1.59 billion as against $1.8 billion last year, whereas the imports from Japan stood at $1.52 billion as against $1.87 billion in FY18, marking a decline of 12 percent and 18.7 percent respectively.

Pakistan’s imports from Indonesia were recorded at $1.06 billion against $1.08 billion, whereas the imports from Thailand stood at $1.03 billion against $1.08 billion, depicting a slight decline of 5 percent.

Similarly, the imports from Switzerland during the period under review dipped by 15 percent to $922 million against $1 billion, while the imports from Malaysia surged by 8 percent to $1 billion against $941.7 million in FY18.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 128,199.43
336.91M
2.05%
2572.11
ALLSHR 79,787.62
1,023.63M
1.53%
1202.91
KSE30 39,105.00
121.90M
2.49%
951.21
KMI30 186,915.61
131.16M
1.10%
2029.11
KMIALLSHR 54,201.88
553.60M
0.81%
438.07
BKTi 33,476.68
51.49M
4.87%
1555.00
OGTi 27,962.58
9.77M
0.68%
188.60
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 106,520.00 108,105.00
105,930.00
-1715.00
-1.58%
BRENT CRUDE 67.08 67.50
66.34
0.34
0.51%
RICHARDS BAY COAL MONTHLY 97.50 97.50
97.50
0.70
0.72%
ROTTERDAM COAL MONTHLY 103.80 103.80
103.80
-3.45
-3.22%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.50 65.98
64.67
0.39
0.60%
SUGAR #11 WORLD 15.70 16.21
15.55
-0.50
-3.09%

Chart of the Day


Latest News
July 01, 2025 at 10:04 PM GMT+05:00

Pakistan’s trade deficit improves by over 9% in June


July 01, 2025 at 05:24 PM GMT+05:00

Gold price in Pakistan rises Rs6,600 per tola


July 01, 2025 at 04:53 PM GMT+05:00

PSX proposes key regulatory amendments


July 01, 2025 at 04:30 PM GMT+05:00

Cement dispatches likely to drop 28% MoM in June 2025


July 01, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: Breaking Records, Breaking Ground



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg