Iran, China, the Middle East, Japan, Hong Kong, and Germany are the most prominent importers of the mangoes grown in Pakistan. That is, most products are imported from these countries to Pakistan. There are about 800 tanneries in Pakistan. Pakistan is a country with a huge and vibrant sports goods industry. On the other hand, it is noticed that there is an 8% decrease in rice export, 2% in cotton yarn, 16% in raw leather, and 6% in plastic exports. To be more precise, Telstar and Brazuca were two famous Pakistani manufactured footballs that were used during consecutive FIFA World Cups in Russia and Brazil, respectively. The countrys top exports include linens, unstitched/stitched, none-crocheted/crochet mens fashion. The country ranks among Asia's largest camel market, second-largest apricot and ghee (oil), and third-largest cotton . Pakistan also exports fruits such as apples, grapes and peaches which contribute to 25% of its. The country is now at the forefront of the export of quality furniture to the UK and other European countries. Must-Visit Places in the Picturesque Galiyat Region, Islamabads commercial plot buying Trends for December, Step-by-Step Guide on How to Install a Door, Textiles and worn clothing: US$4.1 billion (17.1% of total exports), Knitted or crocheted clothing and accessories: $2.9 billion (12%), Clothing accessories: $2.6 billion (10.9%), Leather/animal gut articles: $662.7 million (2.8%), Sugar and manufactured products: $519 million (2.2%), Mineral fuels including oil: $499.5 million (2.1%), Beverages, spirits, vinegar: $453.1 million (1.9%), Salt, sulfur, stone, cement: $445.4 million (1.9%). The major fruits and vegetables that Pakistan exports are: Kinnow, Mangoes, Dates, Pine nuts, Onions, Potato, Mushroom, Dry Chilli, and many more. I wish once again to congratulate the exporters and the Ministry of Commerce for this achievement. United States is largest export market. The recent export amendment is envisaged to boost the economic cooperation between Central Asian countries and Pakistan evidently diversifying the scope of trade activities in the region. Pakistan Main Exports: Here is the list of Pakistan's main export that is the most profitable for the country's economy. This declined is caused by a 2.6 percent and 14.3 percent decline in exports of rice and fruits. The PSQO also controls inspection activities, which ensures that all products meet certain requirements before they can be sold on the market. UPDATE (July 15, 2021): Pakistans goods exports achieved a historic high of $25.3 billion in the fiscal year 2020-21, according to Adviser Abdul Razzak Dawood. Pakistans annual export reached $264.18 million in 2018, which was a large increase from $15.9 million in 2016. Stagnation in these economies led to low demand for . By Ajay Menon October 14, 2021 Know More. Soorty Enterprises (Private) Limited. For more information about Pakistan and Subscribe to RightDoor.pk and get in touch with the latest updates and news. Pakistan holds the prestigious place of being the best quality football producer in the world, among other sports goods. The country is one of the leading producers of world-class sports goods and has exported more than 37.28 million footballs worth $153.018 million in 2 years. In 2013, the agriculture sector produced more than US$10 billion in export revenue and contributed to more than US$30 billion in foreign exchange reserves. He also loves traveling and spending time with friends and family. From 2017 to 2018, Pakistan exported Basmati rice to the top 10 importing countries which are United Arab Emirates, United Kingdom, Belgium, Oman, Saudi Arabia, Italy, Netherlands, Yemen, Spain, Kazakistan. Pakistan is recognized as the largest exporter of shrimp and prawns in the world. ); The country also holds the distinction of providing hand-stitched football for all the world cups from 1990 to 2010. #ImportsExportsOfPakistan Today Pakistan meets most of the requirement the foreign investors are looking for. The countrys exports of this product are mostly done from Karachi, Lahore, and other major cities. The major exports of Pakistan include textiles, leather and sports goods, chemicals, carpets, and rugs. UPDATE (April 2, 2021): Pakistans exports in March reached a 10-year-high of $2.3 billion, according to a tweet by Adviser to Prime Minister for Commerce and Investment Razak Dawood. Deposed PM Imran Khan unable to file an FIR for an assassination attempt due to supposed rogue military official involvement! Pakistan ranked No. Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. This success story of Pakistans rice started in the late 1990s when the country was going through tough times. Pakistan is one of the leading producers of mangoes all over the world. The top three exports from Pakistan are raw cotton, rice and leather products. The economy of Pakistan is a semi-industrialized economy that is the 24th largest in the world in terms of PPP. (function() { HS Code Export USD$ (52) Cotton: Update (Feb 08, 2021): The government of Pakistan has recently given a green signal to the export of selected commodities to Central Asian Republics (CARs) through Afghanistan against the Pakistani rupee. The country also produces a diverse range of fruits and nuts including mangoes, dates and almonds. Also, like us on Facebook to see our updates in your newsfeed. This increase is due to the countrys healthy domestic production. And we hope Pakistans economy will get better in future. The change in exports was -29.70 percent and the change in imports was 13.65 percent. Many foreign companies are investing in Pakistan. Japan is fast vanishing as export market. In 2019, the top countries to which Pakistan Exports Chemicals are: Pakistan exports Fish, Crab, Lobster, and Shellfish, Silver Seafood, Blue Ocean Ltd, GODACO SEAFOOD CO. LTD, OFCO Group, and Mehran Seafood Karachi. NON-TEXTILE MAJOR EXPORTS OF PAKISTAN. This information shows that the values for this industry have been declining for quite some time, which is alarming as these sectors are crucial to our economy. Download Historical Data. Almost 18.85% in textile, 27% in pharmaceuticals, 44 % in copper and copper derivatives, 27 % in Pharmaceuticals. Exports in Pakistan decreased to 523602 PKR Million in October from 563714 PKR Million in September of 2022. So, we have taken the liberty to list all the major exports of Pakistan to add to your knowledge about the country. In history, rice has been the second-largest export of Pakistan. In aggregate, those major exports account for almost Ninety Percent of Pakistan's overall exports sales. Today Pakistan meets most of the requirement the foreign investors are looking for. These are 100% Premium Leather handmade womens shoes. Pakistan Software Export Board (PSEB) is an apex Government body mandated to promote Pakistan's IT Industry in local and international markets. The PSQO was established in 1973 by an act passed by parliament. Pakistan is the fifth largest milk producer country . Top export destinations are China, Germany, UK, USA, and Afghanistan. Pakistan is a country that produces an abundance of different kinds of mangoes. Pakistan is a land of a rich, agricultural heritage. We allow Vendors Register on our website its totally free of cost. Data are in current U.S. dollars. 20.2% with North America and a small amount to other countries include Africa, Australia. However, Pakistan export is very less than its import and recorded USD 26 billion of trade deficit in 2016. In 2019, exports of agricultural products of Pakistan was worth 5.05 billion U.S. dollars. U.S. goods exports to Pakistan in 2018 were$2.8 billion,up 1.4% ($41 million) from 2017 and up 50.1% from 2008. Pakistan produces one of the highest volumes of fruits and vegetables in the world. In 2019, the most important export partner of Pakistan was the United States with a share of 14 per cent in exports. Cotton: 2. Nishat Mills Limited. Telstar and Brazuca were Pakistani manufactured footballs that were used during consecutive FIFA World Cups in Russia and Brazil, respectively. Main data source: CIA World Fact Book. Pakistan exports for 2020 was $27.94B, a 7.3% decline from 2019. Top Online Business Ideas in Pakistan for Students, Factors involved in the Rise of Overseas Employment, Tax collection is one way to fulfill a countrys expenses. CEPC creates many opportunities for both the countries. One survey conducted during 2018 revealed the top exports of Pakistan to be linens, unstitched/stitched, and none-crocheted/crochet mens suits, rice, cotton yarn, and woven. Pakistan was ranked 65th on the list of the world's top Exporters. You can easily find the best quality fresh Oranges (also known as Kinnows) in Pakistan, a fruit that the country exported 370,000 metric tons of during 2018 and generated $222 million from it. Textile and apparel manufacturing add in most of the export earnings of Pakistan. According to Adviser Abdul Razzak Dawood, Pakistans goods exports achieved a historic high of $25.3 billion in the fiscal year 2020-21. Despite the pandemic, an 18% export growth rate has been observed. window.mc4wp = window.mc4wp || { The federal government has also recently proposed a mini-budget, which is based on levying higher taxes on luxury items to discourage imports and aimed to bring down the trade deficit. Pakistan is an agricultural country. The countrys economy relies heavily on agriculture and the service industry. Pakistan produces garments, sportswear, leather items, etc. The commodities themselves suggest a relatively less diversified range of exported goods. Meanwhile, Pakistan also exports significant quantities of rice, sugar, cotton, fish, fruits, and vegetables. As per our latest Pakistan export Data for 2021, Pakistan exported goods worth $ 23097762856 US Dollars. Pakistan is a major agricultural exporter of the world. The Pakistan Bureau of Statistics has recently released data on the number of exports in the country. The nations football exports have been on the rise since the 1970s, with a major spike in exports after they secured qualification for the 2018 World Cup. This fruit is known for its unique taste and aroma. Many other industries like cement, steel, sugar mill, fertilizer, poultry play its role in the economy. Pakistan is the worlds sixth-largest producer of wheat, rice, and sugarcane. Pakistan has bilateral and multilateral trade agreements with many nations and international organizations. Lahore Pakistan, Mens Fashion Athletic Hoodies Sport Sweatshirt Solid Color Fleece Pullover, private label clothing manufacturers, Custom made activewear , custom clothing manufacturers, printed hoodie, embroidered hoodie , Cotton fleece hoodie, pull over hoodie, The Wider Impact of Pakistans Major Agricultural Exports, Why Pakistan is Not only Good for Trade But Also a Great Place to Visit, Pakistans Most Amazing Handicrafts, Gifts, and Home Decor, Impact of the Gwadar Port on International Trade. Textiles and Clothing is the largest industrial sector of Pakistan from the investment, employment and export point of view. Almost 37.1% with European countries, 34% within Asia. Almost 18.85% in textile, 27% in pharmaceuticals, 44 % in copper and copper derivatives, 27 % in Pharmaceuticals. The data shows a mixed picture. Read on as we discuss these exports individually. Video of Imran Khan actually being shot at. Economy of pakistan. Leather goods are Pakistan's major export. The country also exports fruits and vegetables, mineral ores, forest products, and fish. Seven successful ideas for top business in Pakistan. It is the 23rd-largest worldwide in terms of GDP based on purchasing power parity (PPP). Pakistan is a South Asian country with a vast and diverse export economy. U.S.-Pakistan Trade Facts Pakistan is currently our 62nd largest goods trading partner with $5.3 billion in total (two way) goods trade during 2013. of its exports followed by UK and. Exports in Pakistan decreased to 523602 PKR Million (2.365 B USD) in October 2022. The country has 110 different varieties of this fruit. 8 Major Ports In Pakistan. One of the most popular product types is bags and jackets. Plaza #64 , DHA Phase 8 , Ex Air Avenue Block Q Defence. The agriculture sector of Pakistan is the major contributor in overall export incomes of Pakistan. The items that have recently been allowed to be exported to Central Asia are rice, poultry, meat, fruits, cement, different types of dried fruits, fish and other seafood products. Almost half of the trade in agriculture is in livestock. The Gwadar port is one of the deepest seaports in . Pakistan's Major Export Companies. For 2020, exports of goods with a value was around 21.98 billion U.S. dollars. Despite the political issues foreign investors are attracted to invest in Pakistan. Some of the important ports of Pakistan are Karachi port, Muhammad Bin Qasim port, and the Gwadar Port. The country has also become one of the leading exporters of fruits the world over. Top 100 exporters from Pakistan in FY 2021. Other regions include the capital city area of Islamabad, Tribal Areas, and disputed areas (with . It exports wheat, rice, cotton, fruits and vegetables. She likes spending time with her family and headbanging to heavy metal. The estimated worth of this export is around $153.018 million in 2018. (Keep reading the blog to learn more about the major exports of Pakistan.). It also exports about 20 million tons of fruits and vegetables annually to more than 40 countries. (Keep reading the blog to learn more about the major exports of Pakistan.During a presser, Dawood reported Pakistan's export growth increased 18% in the last financial year, despite the Covid-19 pandemic. Men's suits, trousers (not knit or crochet): $1.6 bill. Germany. It plays a major role in the economic development of the country by exporting its products to non-agricultural countries. Meanwhile, Pakistan also exports significant quantities of rice, sugar, cotton, fish, fruits, and vegetables. APMEPA is a single contact point for all member companies and can direct enquirers with specific needs to specific companies. Its major agricultural exports are cotton, rice, sugarcane and fruits. Also, rice has historically been the second-largest export of the country. Most of Pakistans economy is based on our agricultural sector. Answer (1 of 25): 20 highest value export products delivered to Pakistan's international customers in 2016. The estimated worth of this export is around $153.018 million in 2018. Pharmaceutical products contributed a total of 21.1% of the entire export earnings. For centuries, the country has been using leather to manufacture various products. Rice exports are the second highest source of income in Pakistan. The most significant export commodities of Pakistan offered at the highest dollar value during 2018 included: Each of the export groups mentioned above contributes a significant percentage to the collective export landscape of Pakistan, which accounts for over three quarters (76.5%). Meanwhile, China is seeking to establish better and more furniture trade by creating Pakistani outlets in its major cities. The major countries to whom Pakistan exports vegetables and fruits are: As per the data estimated by the Pakistan Bureau of Statistics (PBS), the export of engineering goods stood at $164.010 million during July-March 2020-21 against the exports of $140.243 million during the first three quarters of the fiscal year 2019-20. and finally, ethyl alcohol. According to Adviser Abdul Razzak Dawood, Pakistans goods exports achieved a historic high of $25.3 billion in the fiscal year 2020-21. Despite the pandemic, an 18% export growth rate has been observed. These imports accounted for 73% of total imports during 2006-07. Pakistan is also a major exporter of raw sugar in the world market. A few days back Nissan Motor CO Ltd announced to start producing its Datsun brand In Pakistan. On the other hand, it is noticed that there is an 8% decrease in rice export, 2% in cotton yarn, 16% in raw leather, and 6% in plastic exports. Agriculture is the backbone of Pakistan's economy. Gul Ahmed Textile Mills Limited. Additionally, the country had also exported services worth around $5.3 billion during the same period, along with commercial services estimated at $4 billion. We allow Vendors Register on our website its totally free of cost. Economy of Pakistan. 20.2% with North America and a small amount to other countries include Africa, Australia. What are the major export of East Pakistan? Pakistans exports are expected to recover this year and next, thanks to a favourable global economic scenario. It is among Asias largest camel market, second-largest apricot and ghee (oil), and third-largest cotton, onion, and milk market. (adsbygoogle = window.adsbygoogle || []).push({}); Join our mailing list to receive different procedures, ideas, information, and updates from our team about the import export business. $888 million as compared to 2020 Q1 $526 million. During the same period last year, regional exports were recorded at $694 million. Pakistan plays a major role worldwide as a rice exporter, and it annually exports approximately 2 million tons, which is 10 percent of the world's trade. Pakistan is one of the leading agricultural producers in the world. Let us keep this momentum to achieve a historic record in 2021, Haque added. Pakistan has been renowned for its fine quality of basmati rice for decades. } Since the secession of East Pakistan, rice has become the second major export item. 51. 11. Pakistan has 1046 kilometres of coastline along the Arabian Sea, having several big and small ports in its coastal region. The top export categories (2-digit HS) in 2018 were: miscellaneous grain,seeds,fruit (soybeans) ($624 million),cotton ($612 million),iron and steel ($225 . The major exports of Pakistan include textiles, leather and sports goods, chemicals, carpets, and rugs. Shown within brackets is the change in value for each exported product since 2009. The major fruits and vegetables that Pakistan exports are: Kinnow, Mangoes, Dates, Pine nuts, Onions, Potato, Mushroom, Dry Chilli, and many more. Leather goods are also among the highest revenue-generating export products of Pakistan. Additionally, the value of the various types of machinery India exported was valued at over 29 billion U.S. dollars. So thats us. During the period . Pakistan is known for its; High-quality leather garments, sports jackets, gloves, and leather goods. A major factor constraining export growth has been the slowdown in the economies of Pakistan's major importing partners China, and the EU. In 2021, Pakistani importers spent the most on the following 10 subcategories of iron and steel. Some of them are: Pakistan mainly exports Manufactured Fertilizers, Plastic Materials, Pharmaceutical products, and other Chemicals. What are the top 10 exports of Pakistan? Cotton, knit and crochet clothing, and cereals are also common sectors that account for major exports from the country. Pakistan exports textiles, leather, chemicals, carpets and rugs, sports goods and rice. Top 10 Export Goods. Pakistan's biggest export products by value in 2021 were Cotton and Textile products, Rice, Fruits and Vegetables, Sports Goods, and Leather Products. Iron or steel scrap: US$2.2 billion (up 29.8% from 2021) Hot-rolled iron or non-alloy steel products: $981 million (up 119.2%) Flat-rolled other alloy steel products: $470.8 million (up 43.8%) In 2018 alone, Pakistan globally exported nearly $221.298 million worth of surgical instruments to the: Pakistan is an agricultural country. Pakistan has quite a few exports. Textile exports earn as much as 57.4 percent of Pakistan's entire export earnings, the number of textile mills in Pakistan increased from 3 . The mixed economy is the name given to the economy of Pakistan. This type of rice is made from a special type of fragrant white rice that seems to have originated in the valley of Kashmir. Commodities of Pakistan, & quot ; Taneja said Pakistan receives the 67th ranking of! Rice as well as monitor compliance with these standards recognized as the second-largest export and! Of agricultural products of Pakistan 59 billion in 2017 of cars is 200,000 the rightdoor $ billion! 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