Inside Financial Markets
China remains top importer, traded products over $4523 mln in 5 months - Inside Financial Markets

China remains top importer, traded products over $4523 mln in 5 months

– Associated Press of Pakistan

China topped the list of countries from where Pakistan imported different products during the first five months of the current fiscal year (2020-21), followed by United Arab Emirates (UAE) and Singapore.

The total imports from China during July-November (2020-21) were recorded at $4523.671 million against the $4025.183 million during July-November (2019-20), showing an increase of 12.38 percent during the period, according to State Bank of Pakistan (SBP).

This was followed by UAE, where from Pakistan imported goods worth $2709.681 million against the imports of $3070.454 million last year, showing negative growth of 11.74 percent.

Singapore was the at third top country from where Pakistan imported products worth $1112.755 million against the imports of $917.708 million last year, showing growth of 21.25 percent, SBP data revealed.

Among other countries, Pakistani imports from Saudi Arabia stood at $802.496 million against $622.855 million during last year, showing growth of 28.84 percent while the imports from United State of America (USA) were recorded at $793.269 million against $729.116 million last year, showing increase of 8.79 percent, the data revealed.

The imports from Malaysia were recorded at $447.679 million against $392.199 million where as the imports from Kuwait were recorded at $439.430 million against $450.460 million last year.

During July-November, the imports from South Korea were recorded at $436.964 million against $290.545 million whereas the imports from Indonesia at $409.550 million against $425.935 million.

Pakistan’s imports from Japan were recorded at $407.361 million against $510.999 million where as the imports from Switzerland stood at $391.800 million against $225.357 million.

Similarly, the imports from Germany during the period under review were recorded at $389.302 million against $389.059 million while the imports from Thailand stood at $325.417 million against $335.100 million.

Pakistan’s imports from Qatar were recorded at $313.609 million during the current fiscal year compared to $794.654 million last year, whereas the imports from Uk stood at $304.800 million against $297.747 million.

Syed Zaki Hussain

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

The Canadian Securities Institute

CANADIAN SECURITIES COURSE - Inside Financial Markets

CSI is part of Moody's Analytics Learning Solutions, which offers educational programs and credentials throughout the world.

Email Newsletter

Subscribe to receive inspiration, news, and ideas in your inbox.

Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)