Imports into Gwadar special economic zone. A few years ago, Afghanistan was the second major export destination after the United States. Pakistan's traditional mango exports take a hit from the economic havoc wreaked by the coronavirus pandemic, as exporters fear a huge decline in export of the fruit this year. Consequently, there has been little emphasis on broadening the export base that has remained . Exports had declined from $25.1 billion in 2013 to $23.6 billion in 2018. Map of countries by exports as 2022, according to World Bank. In monetary terms, exports grew by 37.7%, a result of the rise in prices this year. Dataset: Exports, By Countries And By Years: Countries: Pakistan: Unit: Frequency: Annual: Range: 2005 - 2017: Knoema, an Eldridge business, is the premier data platform and the most comprehensive source of global decision-making data in the world. Pakistan's food exports up by 18.92% to $3.961 bln in 3 quarters Pakistan Bureau of Statistics (PBS) reported the country's food exports saw an 18.92 percent increase during the first three. Pakistan's exports 2020 by country Top export destinations of commodities from Pakistan in 2020: USA with a share of 18.6% (4.14 billion US$) China with a share of 8.39% (1.86 billion US$) United Kingdom with a share of 7.76% (1.72 billion US$) Germany with a share of 6.27% (1.39 billion US$) Being one of the most climate-change vulnerable countries in the world and recurrently affected by catastrophes, including the unprecedented 2010 floods which affected over 20 million people, Pakistan's economy has suffered chronic strain from prevailing and likely future threats of hazards. With China as its mentor, Pakistan triples arms exports. For the July-October 2021 period, Pakistan's total exports grew 25% to $9.468 billion as compared to $7.576 billion during July-October 2020. However, exporters wanting to ship livestock and/or germplasm, whose requirements are not listed above, should have the interested party (importer/buyer) in the country of destination apply for an Import Permit at the appropriate ministry. Pakistan Trade Statistics. Decision Support System for Inflation. Trade sector is lead to growth because trade barriers are reduced by globalization. By Shahid Sattar Pakistan's economic growth of Pakistan is dependent on its exports by earning foreign income to finance imports, service debt, stabilize its currency and to overcome the persistent problem of the balance of payment deficit. KARACHI, Pakistan. HS Code Export USD$ (63) Textile Articles: $4,058,657,509 (52) Cotton: $3,242,493,094 The current portfolio has 58 projects and a total commitment of $13.8 billion. test. Pakistan has a negative balance of trade because they import more than they export. The difference between exports and imports can be confusing, because any given product is both an import and an export, and the appropriate term at any given time is dependent upon whether the user is in the sending country or the receiving country. This is the highest export volume recorded that generated $222 million for the country. Pakistan's textile business is offering hope to the country's suffering economy. Textiles and apparel account for more than half of Pakistan's export earnings; Pakistan's failure to diversify its exports has left the country vulnerable to shifts in world demand. Currently, the economy of Pakistan is the 43rd largest in the world. World Bank national accounts data, and OECD National Accounts data files. The country has the 5th largest population with 212.2 million that gives nominal GDP per capita of $1.357in 2019. Last published date: 2019-10-13. Pakistan has the 24th largest economy worldwide with stipulations of purchasing power parity, while its economy is 42nd largest with the stipulation of nominal gross domestic product. According to the last population cencus in 2017 by Statistics bureau of pakistan, Country has population of 207 million people (5th-largest worldwide), the nominal GDP of Pakistan stands at US$347.74 billion with a nominal GDP per capita of US$1,562.26 (172th worldwide); its GDP based . United Energy Pakistan Ltd, the largest foreign oil and gas exploration and (E&P) company in Pakistan, remained 9th on the list with exports worth $227 million, while Masood Textile Mills Limited, one of the country's largest garments manufacturers, also made it to the list with exports worth $219 million during FY19. 0. During the last five reported years the exports of Pakistan have changed by -$1.42B from $27B in 2015 to $25.5B in 2020. Clearance of importable goods sent by overseas Pakistanis without involvement of foreign exchange. The federal minister said this while addressing the IT Export Awards 2019 ceremony organised by Pakistan Software Export Board (PSEB), the attached department of the . In Pakistan Certain items are forbidden and controlled for export by Pakistan Customs and These items are also prohibited by the IATA(International Air Transport Association).Exporter (Sender) are responsible for making sure that the destination country will accept the goods they are shipping. Turning to Q3 FY 2022, the economy will have likely been hit by elevated Covid-19 cases in January-February weighing on consumer sentiment at the start of the quarter. Pakistan export fresh Kinnows of the best quality around the world. Agriculture accounts for one-fifth of output and two-fifths of employment. Pakistan Exports by country and region 2019 In 2019, major countries to which Pakistan Exported include United States, China, United Kingdom, Germany and Afghanistan Country Pakistan Year/Range 2019 Trade Flow Export Pakistan Imports 2019 Please note the exports, imports and tariff data are based on reported data and not gap filled. Imports are things that the country buys from other countries and exports are goods that Pakistan sells to other countries. Pakistan is gearing up to sell its widely acclaimed JF-17 Thunder fight aircraft to four different countries. Pakistan exports for 2020 was $25.26B, a 10.29% decline from 2019. It has exported 370,000 metric tons of Kinnow this year. Pakistan's GDP growth is expected at 4.0% in 2022 and 4.5% in 2023 - ADO 2022 Pakistan's inflation rates forecasted at 11.0% in 2022 and 8.5% in 2023 - ADO 2022 Per capita GDP growth for Pakistan is expected at 2.0% in 2022 and 2.4% in 2023 - ADB Report Pakistan's exports to Afghanistan fell 5.57pc to $746.328m in 9MFY21 from $790.377m in 9MFY20. Exports, By Countries And By Years. Includes a list of goods that are prohibited from being exported to the country or are otherwise restricted. Darker = more exports. The reasons why Pakistan's exports have declined by 20 per cent since 2013-14 include a number of structural factors and wrong policies. Direction of Exports of Pakistan Although Pakistan trade with a large number of countries its exports are however highly concentrated in few countries including USA, Germany, Japan, UK, Hong Kong, Dubai and Saudi Arabia which account for one- half of its exports. Pakistan is ranked 34th among 39 countries in the Asia-Pacific region, and its overall score . Pakistan's exports to Iran jumped 181.8pc to $0.155m in FY21 from $0.055m in FY20. Jointly-produced with China, JF-17 Thunder is the pride of Pakistan Air Force's arsenal, and several countries, including Malaysia, have been eyeing it.. #Pakistan is all set to export JF - 17 Thunder Fighter Jets to 4 countries, reports have revealed. In 2018, the country exported nearly 3 million metric tons of rice valued at US$1.224 billion, which has had a positive impact on the country's economy. Most exports are to CIS countries. Export of Goods by Commodity and Services by Type in Pak. An unstable political system is the hazard that halts smooth running of governance and enforcement of law and authority in a country. This statistic shows the most important export partner countries for Pakistan in 2019. Though Pakistan's export base is highly dependent on agriculture and trade of . The 5 biggest exporters of sugar are Brazil, India, Thailand, France and . Population figures based on United Nations data. Exports 2020 Country Ranks, by Rank Translate Español 简体中国 Français Deutsch Русские हिन् العربية Português Menu: Countries of the World Country Rankings Geology USA Statistics Chine Statistics Country Codes Airport Codes Religion Jobs Top export destinations of "Cotton" from Pakistan in 2020: China with a share of 24% (645 million US$) Bangladesh with a share of 16.1% (427 million US$) USA with a share of 7.1% (187 million US$) Turkey with a share of 5.35% (141 million US$) Italy with a share of 5.27% (139 million US$) Portugal with a share of 4.41% (116 million US$) Contacts Islamabad Mariam Sara Altaf External Affairs Officer Our tools allow individuals and organizations to discover, visualize, model, and present their data and the world's data to facilitate better decisions and better outcomes. Islamabad pitches its weapons to budget-minded countries like Turkey and Myanmar. In absolute terms, the IT exports reached . Download Historical Data Save as Image Pakistan exports for 2018 was $28.22B, a 12.22% increase from 2017. Pakistan shipped US$23.6 billion worth of goods around the globe in 2018, down by -4.4% since 2014 but up by 8% from 2017 to 2018. License : CC BY-4.0. Economic activity likely lost some momentum in Q2 FY 2022 (October-December 2021). Pakistan has a mixed economy with privately-owned and state-owned businesses regulated by government policy. Pakistan imports for 2019 was $56.53B, a 10.46% decline from 2018. Pakistan: Exports of goods and services as percent of GDP: For that indicator, we provide data for Pakistan from 1960 to 2020. The EU is Pakistan's second most important trading partner, accounting for 14.3% of Pakistan's total trade in 2020 and absorbing 28% of Pakistan's total exports. Exports of goods and services (% of GDP) - Pakistan. Pakistan export fresh Kinnows of the best quality around the world. This is the highest export volume recorded that generated $222 million for the country. The average value for Pakistan during that period was 11.78 percent with a minimum of 6.22 percent in 1961 and a maximum of 17.27 percent in 1992. This page displays a table with Pakistan Exports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade. Pakistan IT services exports increased 29.9% to $1.688 billion in 8 months. In addition to being competitive, a country's exports should be in line with market trends and quality, and […] Pakistani exports to the EU are dominated by textiles and clothing, accounting for . Import of inputs by manufacturers cum exporters. The economy of Pakistan is the 20th-largest worldwide in terms of GDP based on purchasing power parity (PPP). The GDP ranks 154th in the world. That helped the country achieve 3.94% GDP growth . export controlled or embargoed countries, entities and persons In considering whether or not a shipment, transfer, transmission or disclosure will require an export license, we need to consider WHAT is being shipped, WHERE it is going, and TO WHOM it is being exported or disclosed. Despite its vast economic resources the country still faces severe economic stagnation due to the menace of political instability. the latest available country-specific data shows that 68.8% of products exported from pakistan were bought by importers in: united states (18.6% of the global total), china (8.4%), united kingdom (7.8%), germany (6.3%), united arab emirates (4.9%), netherlands (also 4.9%), afghanistan (3.9%), spain (3.6%), italy (3.2%), bangladesh (2.6%), belgium … Import of used plant, machinery and equipment. Export of Goods by Country /Commodity and Services by Country / Type. Textile exports from the country, however, fell 3.51 percent month over month in March 2022, compared to $1,684.313 million in February 2022. Pakistan exports the best quality kinnows to Russia, Philippine, Iran, Sri-Lanka, Indonesia, Singapore, Saudi Arabia, Canada, Bangladesh, Malaysia, and the UAE. In 2019, the most important export partner of Pakistan was the United States with a share of . Many other industries like cement, steel, sugar mill, fertilizer, poultry play its role in the economy. In 2020, Pakistan was the EU's 42nd largest trading partner in goods accounting for 0.3% of EU trade. No imports. Knoema, an Eldridge business, is the most comprehensive source of global decision-making data in the world. Pakistan Social And Living Standards Measurement. France delivered major weapon systems to 78 countries during the last five years, among which Egypt was the biggest importer, followed by India and Saudi Arabia. Pakistan: 27,296.01: 10.0%: 2020 68 BIS's Export Control Officers (ECOs) located at U.S. embassies and consulates in seven overseas locations also conduct outreach to raise awareness of reexport control requirements with foreign business communities. ISLAMABAD - The exports of various transport services earned $425.639 million for the country during the first seven months of the current fiscal year (2018-19).However, as compared to the $572.050 million exports of last year, the exports of transpo Textiles and apparel account for more than half of Pakistan's export earnings; Pakistan's failure to diversify its exports has left the country vulnerable to shifts in world demand. Data Processing Centre. ISLAMABAD: Prime Minister Imran Khan Monday revealed that Pakistan's IT exports will reach $50bn in the next few years due to the effective polices of the PTI-led government.While addressing. The difference between exports and imports can be confusing, because any given product is both an import and an export, and the appropriate term at any given time is dependent upon whether the user is in the sending country or the receiving country. Quartile map of amount of exports per country. Pakistan imports for 2020 was $43.86B, a 22.42% decline from 2019. The net exports were $423 million or 70.97% of $596. Exports are goods or services produced in one country that are sold to another country. Survey on COVID-19. Islamabad April 20 2022: Pakistan earned US $1,688.862 million by providing different Information Technology (IT) services in various countries during the first eight months of financial year 2021-22. Export of Goods and Services by Country. 6. Pakistan imports for 2018 was $63.14B, a 17.82% increase from 2017. First, exports in Pakistan are labor-intensive and provide plenty of good jobs for Pakistanis. Top export destinations are China, Germany, UK, USA, and Afghanistan. Pakistan exports for 2017 was $25.15B, a 1.32% decline from 2016. Temporary Import. Imports into export processing zones. It is a developing economy and considered one of the "Next Eleven", a list of countries with the potential of becoming the biggest economies in the world. 3. Top Pakistan exports 2018. Pakistan's economy has remained the prey of political unrest. Pakistan's Top 10 Exports By Country: https://www.economy.pk/pakistans-top-10-exports-by-country/ #pakistanexports Aaron O'Neill. March 22, 2022. Data are in current U.S. dollars. Unlike East Asia, Pakistan has historically followed a policy of import substitution rather than export promotion. List by World Bank. It has exported 370,000 metric tons of Kinnow this year. Year over year, the value of globally exported sugar increased by 11.7% from 2019 to 2020. Textile and apparel manufacturing add in most of the export earnings of Pakistan. The State Bank of Pakistan (SBP) reported that the countries in the seven regional countries including Afghanistan, China, India, Nepal, Bangladesh, Sri Lanka, and the Maldives. According to commerce adviser, textile export is expected to rise from $21 billion to $26 billion in the next . For species not listed, the requirements are not known. Exports Pakistan's exports for the year 2015-2016 stood at US$21 Billion and imports were at US$44.76 billion for the same period. Latest official GDP figures published by the World Bank. In essence, exports from Pakistan have shown a reversing trend as a general declining trend has now turned positive. Exports are goods or services produced in one country that are sold to another country. COUNTRY / Oct Sep Oct TERRITORY FY19 FY20 FY20 FY21 R FY21 P FY20 FY21 P Jul-Oct Export Receipts by Selected Countries/Regions STATE BANK OF PAKISTAN Jul-Jun Statistics and Data Warehouse Department Iran 2,942 55000 55 0 Sri Lanka 303,761 287,941 31,290 20,338 16,029 101,607 65,140 Others 119,294 154,477 14,873 6,376 7,935 54,983 24,127 Download Historical Data. Price Statistics. It gives […] Pakistan's exports increased more than 100% from $7.5 billion in 1999 to stand at $18 billion in the financial year 2007-2008. Exports of timber and pulp-and-paper products in January-October 2021 had a 3.6% share of total exports. Pakistan exports for 2019 was $28.15B, a 0.25% decline from 2018. 2. The . Export of Goods by Commodity and Services by Type in US $. Pakistan is regarded among the best producers of high-quality basmati rice, which is then exported to several countries, including Oman, the UAE, Kenya, Thailand, and Jordan, to name a few. Pakistan's GDP growth has gradually increased since 2012, and was 5.3% in 2017. Social Statistics. 4. Pakistan's economic freedom score is 48.8, making its economy the 153rd freest in the 2022 Index. ISLAMABAD -- Pakistan, known as a major importer of . Statements. Pakistan Economic Outlook. Pakistan Bureau of Statistics (PBS) reported the country's food exports saw an 18.92 percent increase during the first . Timber and pulp-and-paper products - 3.6%. Rupees. Pakistan exports the best quality kinnows to Russia, Philippine, Iran, Sri-Lanka, Indonesia, Singapore, Saudi Arabia, Canada, Bangladesh, Malaysia, and the UAE. Our revolutionary technology changes the way individuals and . Sugar cubes Sugar exports by country during 2020 were worth a total US$22.9 billion, down by an average -16.1% for all sugar shippers over the five-year period starting in 2016 when sugar shipments were valued at $27.3 billion. ISLAMABAD: Pakistan has registered an increase in the exports to seven regional countries by 20.50 per cent in the first month of the financial year (2021-2022) as compared with the corresponding month of the last year.. Time series data. Pakistan's food exports up by 18.92% to $3.961 bln in 3 quarters. In 2015, Pakistan imported $8 billion worth of goods while it exported just over $5 billion worth of goods to other countries. Pakistan imports for 2017 was $53.59B, a 19% increase from 2016. Suspension or ban of import. The GOP has banned the import of the following items: arms and ammunition, high explosives, radioactive substances, security printing, hazardous chemicals, currency and mint, alcoholic beverages. . ISLAMABAD: Federal Minister for Information Technology and Telecommunication Syed Aminul Haque has said that Pakistan's IT industry is progressing rapidly and the ministry has set a target of $5 billion IT exports till 2023. Textile exports increased by 6.7% in the first eight months of FY2021. Population Welfare Statistics. This is a list of countries by exports of goods and services, based on World Bank's data. BIS and the EAR regulate transactions involving the export of "dual-use" and less-sensitive military items (commodities . The trade balance of goods shows a growing deficit, which means that Pakistan imports a lot more than it exports: In 2016, the country imported 47 billion U.S. dollars worth of goods compared to . Pakistan produces garments, sportswear, leather items, etc. Field Services. 1. Third, exports are a good source of foreign . Pakistan's exports, merchandize exports, have not kept pace with that of the rest of the world. Second, exports offer a genuine boost to otherwise stagnant productivity as Pakistani exporters are 25 percent more productive than non-exporting firms, and their productivity grows as exports pick up. Pakistan's exports of information technology grew by 47.4 percent to cross the $2 billion mark for the first time in the country's history in FY2021. Pakistan's GDP growth has gradually increased since 2012, and was 5.3% in 2017. Most of the trade with Tehran is carried out through informal channels in border areas of Balochistan. The latest value from 2020 is 10.03 percent. The most recent exports are led by House Linens ($3.61B), Rice ($2.14B), Non-Knit Men's Suits ($1.8B), Non-Knit Women's Suits ($1.06B), and Knit Sweaters ($950M). The country's key defence exports include the Rafale fighter jet, NH-90 helicopter, Gowind-2500 frigate, MILAN anti-tank missile, and the MICA SAM system, among others. Official unemployment was 6% in 2017, but this fails to capture the true picture . Pakistan's exports have increased by 4.4% to USD16.3 billion during the first eight months of financial year (FY) 2021, compared to USD15.6 billion for the same period in the previous year. Pakistan is facing challenges due to rise in competitive conditions so the industry has to be improved to compete with foreign competitors. The World Bank's program in Pakistan is governed by the Country Partnership Strategy for FY2015-2020 with four priority areas of engagement: energy, private sector development, inclusion, and service delivery. World's GDP is $80,934,771,028,340 (nominal, 2017).. See also: GDP per Capita For comparison, the world average in 2020 based on 158 countries is 38.72 . Pakistan's exports hit a historic high of $25.3 billion in the 2020-2021 financial year, with textiles making up a whopping 60% of those exports. It's worth noting that over the first nine months of the current fiscal year, the country's total merchandise exports climbed by 24.98 percent. According to Ahmad and Ahmad (2018) agricultural exports of the country proved to be influential in economic growth. 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