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October 29, 2020, 5:00 PM EDT Updated on October 29, 2020, 5:30 PM EDT . Pakistan reports ten-year high exports in fiscal year 2021 ... Exports. Census of Manufacturing Industries (2015-16) Quarterly Review of Foreign Trade April-June, 2021. Year. Pakistan sent over 1.1 million workers abroad during the last three years despite the COVID-19 pandemic, claims Fawad Chaudhry . In nominal terms, the gap is wider (above ten times) than ppp terms (8.3 times). ; 3.62% ($805 million): 5205 - Cotton yarn (other . Economists warn of recession amid virus lockdowns in Pakistan (Naqvi, 2020). Pakistan's GDP growth has gradually increased since 2012, and was 5.3% in 2017. Textile and apparel manufacturing add in most of the export earnings of Pakistan. 901 (I)/2020. What did Pakistan export in 2020? Pakistan Exports By Country - was last updated on Tuesday, December 14, 2021. in Pakistan. Pakistan's goods exports increased to a historic high of $25.3 billion in fiscal year 2020-21 despite the pandemic, announced Adviser Abdul Razzak Dawood. Pakistan quarterly trade data. Pakistan produces garments, sportswear, leather items, etc. Country / Region. Got it before the set date btw. Looking at the region wise share of exports, the data indicates a steady growth in exports from 15.31 percent in 2014-15 to 19.77 percent in 2020-21 to North America, countered by a decline in Asia's share of 48.52 percent in 2014-15 to 46.52 percent in 2020-21. Pakistan exports in Oct 2021 grew by 17.5% to $2.471 billion as compared to $2.104 billion in Oct 2020 (ARD 1/11) Pakistan Africa Trade Development Conference (PATDC) will be held at Lagos in Nigeria from 23 to 25 November 2021 along with a Single Country Exhibition. Aggregates. Relations with India will remain strained. It has exported 370,000 metric tons of Kinnow this year. According to the Pakistan Bureau of Statistics (PBS), the exports from the country during July-March (2020-21) were recorded at $18.685 billion against the exports of $17.443 billion during July . It has been reported that Pakistan has lost one-third of its revenue and exports dropped by 50% due to COVID-19 outbreak and lockdown (Junaidi, 2020). (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. GOVERNMENT OF PAKISTAN MINISTRY OF COMMERCE ***** Islamabad, the 25th September, 2020. Source: CIA Fact Book and PBS 2010-2015. From the Newspaper Published August 24, 2020. Get now. The Pakistan Systematic Country Diagnostic . The number of Pakistan Software Export Board (PSEB) registered IT & ITeS companies as of 30th March 2021, is 3,013 compared to 2,484 as of March 2020, showing a growth of 21 percent. Pakistan beat India, Bangladesh in manpower export in 2020. Being a citrus crop, citrus is more vulnerable to changing the environment and its physical and biochemical quality. 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. Imports. ISLAMABAD - Pakistan's exports have crossed $2 billion in October 2020 despite the contraction in major markets and the uncertainty created by recent resurgence of the COVID-19 pandemic. Industries contribute a lot to the development of the country. Government efforts to stabilise external and fiscal imbalances, combined with economic effects of the covid-19 outbreak, will have a dampening effect on growth. In 2020, exports for Pakistan was 27,296 million US dollars. Import Policy Order 2016 outlines:. Pakistan's major export commodities for the last five fiscal years are listed in the table below. In recent times, the telecom sector has emerged as a prominent contributor to Pakistan's economy as its share in the national exchequer soared 129% in 2020 compared to 2019, despite economic . Short title and . Pakistan's Top Exports in 2020: 14.6% ($3.25 billion): 6302 - Bed linen, table linen, toilet linen and kitchen linen. Exports of Pakistan increased from 10,471 million US dollars in 2001 to 27,296 million US dollars in 2020 growing at an average annual rate of 5.72%. Similarly, the World Bank also warns that Pakistan might fall into a recession (World Bank, 2020b). Pakistan exports the best quality kinnows to Russia, Philippine, Iran, Sri-Lanka, Indonesia, Singapore, Saudi Arabia, Canada, Bangladesh, Malaysia, and the UAE. Cotton textile and apparel production are the largest industries of Pakistan. The industry contributes with 8.5 percent share to the Gross Domestic Product (GDP) and employs 45 percent ofthe labor force in the country. Basis of imports; Goods that are allowed for import; Prohibitions and restrictions regarding imports; Classification of Goods Latest Publications. As of 2020, With $2,709 bn, India's GDP is around ten times higher than Pakistan's gdp of $263 bn. Pakistan export target in 2020 will be around 370 million tons of kinnow. India is the 5th largest economy in the world in nominal method and 3rd largest economy in ppp method. Kinnow orange is one of the dominant cultivated fruit in the plain of the Punjab, Pakistan and it is supporting overall Pakistani exports. Pakistan Economy Growing Faster Than Bangladesh | Pakistan Economy 2020 | Pakistan NewsJoin Us OnFacebook https://tinyurl.com/PakilinksNewsSubscribe to ou. Read more about Pakistan's Covid-19 positivity rate dips to lowest level since March 2020 on Business Standard. PBS News-Bulletin (July - September, 2021) (11th Issue) Monthly Bulletin of Statistics, February, 2021. Pakistan export fresh Kinnows of the best quality around the world. Pakistan Software Export Board (PSEB) is an apex Government body mandated to promote Pakistan's IT Industry in local and international markets. Similar values. Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. First six-monthly results of fiscal 2020-21 are in. Overall Pakistan incurred a -$23.5 billion trade deficit during 2020, down by -10.6% from -$26.3 billion in red ink one year earlier. -In exercise of the powers conferred by sub-section (1) of section 3 of the Imports and Exports (Control) Act, 1950 (XXXIX of 1950), the Federal Government is pleased to make the following Order, namely: - 1. The exports from the country during July- April (2019-2020) were recorded at Rs2883,787 million as . Interestingly, the dip in Aug export figures comes after a surge in exports during July 2020, when Covid-19 restrictions were more stringently in place. This is the highest export volume recorded that generated $222 million for the country. At the same time, the country's technology exports surged 47% to set a new record of $2.12 billion for the last fiscal year that ended in June 2021. Pakistan exports in Oct 2021 grew by 17.5% to $2.471 billion as compared to $2.104 billion in Oct 2020 (ARD 1/11) Pakistan Africa Trade Development Conference (PATDC) will be held at Lagos in Nigeria from 23 to 25 November 2021 along with a Single Country Exhibition. The latest statistics of exports and imports of Pakistan were reviewed in the meeting. The exports have bounced back on growth trajectory after witnessing decline in last four months from March to June 2020. Pakistan's exports grew for the third consecutive month in November to US$ 2.173 billion, up 8.31 percent from US$ 2.006 billion in the corresponding month of last year. The data for July 2020 shows an export growth of 5.8%, in dollar value terms, as compared to July 2019. According to the SBP data release, IT exports increased by 59% in 2020 - 2021 with $200 million in May. The description is composed by our . The country recorded 400 new cases in the last 24 hours, registering a positivity rate of 0.94 per cent, the ministry said. Human development continues to lag behind most of the region. Pakistan's exports stood at around $21 billion for the last fiscal year . Download Historical Data. Trade Statistics Nov 2021June 2021April 2021March 2021February 2021January 2021July-December 2020Provisional Reports 2020-21Provisional Report ArchiveFinal Data 2020-21Final Data ArchiveData BankJune-July 2019-20Nov 2021 MONTHLY TRADE REPORT NOVEMBER 2021 June 2021 Export-June, 2021 Import-June, 2021 April 2021 Export-April, 2021 Import- April, 2021 Summary- April, 2021 March 2021 Export . It is the largest manufacturing industry and the largest export earning sector in Pakistan. Basis of imports; Goods that are allowed for import; Prohibitions and restrictions regarding imports; Classification of Goods Region wise distribution for Indian exports in 2020-21. The Pakistan team is engaging with stakeholders on the next Country Partnership Framework (CPF) this fiscal year. Pakistan's Information Technology Industry has shown a promising growth rate of 47% in the year 2020 - 2021 with a revenue of $1.9 Billion, according to the State Bank of Pakistan's recent data release. Faseeh Mangi +Follow. ISLAMABAD-Exports from the country, in rupee term, increased by 12.71 per cent during the first ten months of the current fiscal year as compared to the corresponding period of last fiscal year, Pakistan Bureau of Statistics (PBS) reported. The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. The value of exports of commodity group 0204 "Meat of sheep or goats, fresh, chilled or frozen." from Pakistan totalled $ 44 million in 2020. Nevertheless, risks to political stability will remain high. Pakistan Exports from 2010-2015 in USD Billion. Pakistan had a total export of 23,748,680.25 in thousands of US$ and total imports of 50,063,059.56 in thousands of US$ leading to a negative trade balance of -26,314,379.31 in thousands of US$ The Effectively Applied Tariff Weighted Average (customs duty) for Pakistan is 8.69% and the Most Favored Nation (MFN) Weighted Average tariff is 9.82%.The trade growth is -3.20% compared to a world . In July 2020, rice export shipments shrank to 266,206 tonnes from . According to the provisional statistics released through the Pakistan Bureau of Statistics (PBS), exports from Pakistan during May, 2020 amounted to Rs. In 2020, Pakistan was the EU's 42nd largest trading partner in goods accounting for 0.3% of EU trade. GROUP EXPORTS JULY - SEPTEMBER 2020 The textile industry has significant share in Pakistan's exports. Textile is a very vast field and Pakistan is really good at it. Dawood explained that for the first five months of the current year, the exports increased to . Sales of commodity group 0204 from Pakistan went up by 17.5% compared to 2019: exports of commodity group 0204 "Meat of sheep or goats, fresh, chilled or frozen." went up by $ 6.7 million (cumulative exports of commodity group 0204 from Pakistan amounted . Pakistan's textile and garment exports jumped 22.94% to reach $15.4 billion in Fiscal Year 2020-21, according to data from Pakistan Bureau of Statistics. Check this exporters list from Pakistan and their exports worth in USD in first half of FY 2020-21. This growth was recorded after a decline in exports for the last four months, since March 2020, when there was a drop of 8% compared to same period last year. In a statement, Abdul Razak Dawood felicitated the exporters that even amid the resurgence of COVID-19 in Pakistan, the Country . [14] Khalid Mustafa, "Hafeez Pasha says actual GDP growth is 1.9pc", The News International, 08 February 2020. Pakistan imported an estimated US$45.8 billion worth of goods from around the globe in 2020, down by -2.6% since 2016 and down by -8.7% from 2019 to 2020. Below are exports from Pakistan that result in negative net exports or product trade balance deficits. ; 9.44% ($2.1 billion): 1006 - Rice. Pakistan Total Exports Growth data is updated monthly, available from Dec 1988 to Oct 2021, with an averaged rate of 12.9 %. Exports in Pakistan increased to 500884 PKR Million in November from 421324 PKR Million in October of 2021. The exports witnessed a 10.3 percent increase in the outgoing fiscal year after the figures of US$23.1 billion from July to May in 2020-21 as compared to US$21 billion in the same period during . "I wish to congratulate our exporters that in these very difficult times with resurgence of COVID-19 cases in Pakistan & globally, our exports have increased by 7.2% in November 2020 over the . In 2020, goods with a value of around 21.98 billion U.S. dollars were . Pharmaceutical exports also saw 25.3% growth to $241 million in first 11months of FY 2021 . Pakistan's exports to Qatar in 2020 "remained healthy," and displayed the "best performance in the entire Middle East and North Africa (Mena) region" despite Covid-19, according to . ISLAMABAD, Pakistan: Pakistan's exports have increased by 7.2 percent in November 2020 over the same period last year, the Prime Minister's Adviser for Commerce and Investment Abdul Razak Dawood said on Tuesday. Get your project delivered Essay On Economy Of Pakistan 2020 on time by one of our brilliant writers. Pakistan Bureau of Statistics Statistics House, 21-Mauve Area, G-9/1, Islamabad, Pakistan E-mail: pbs@pbs.gov.pkpbs@pbs.gov.pk Opening Early Helped Pakistan Boost Exports During Pandemic By . In a press briefing, Dawood said that . The Country Partnership Strategy (CPS) for Pakistan for FY2015-20 is structured to help the country tackle the most difficult—but potentially transformational—areas to reach the twin goals of poverty reduction and shared prosperity.. According to the Pakistan Bureau of Statistics, the country's exports increased 8.32% from $2 billion in November 2019 to $2.17 billion in November 2020. 305,303 million during May, 2019 explaining a rise of 42.01 percent over April, 2020 but a . Toll-free (US & Canada): +1 (866) 584-9894. Exports increased to $2.156 billion in November 2020 as compared to $2.011 billion in November 2019. Import Policy Order 2016 outlines:. Small and Household Manufacturing Industries (SHMI) 2015. O R D E R S.R.O. The statistic shows the value of goods exported from Pakistan from 2010 to 2020. Given Pakistan's population of 208.6 million people, its total $45.8 billion in 2020 imports translates to an estimated $220 in yearly product demand from every person in the South Asian . Our exports have crossed the 2 billion mark after July 2020 and are . "Alhamdolillah, our exports have maintained the growth trend in October 2020. Similarly, exports of textiles also witnessed a surge of 9.31% to US$ 1.286 billion against US$ 1.176 billion in Nov-19. Pakistan exports for 2018 was $28.22B, a 12.22% increase from 2017. This page provides - Pakistan Exports - actual values, historical data, forecast, chart . Pakistan exports for 2017 was $25.15B, a 1.32% decline from 2016. #EconomicDevelopment #PakistanEconomicDevelopement #SamaaMoneyPakistan's economy contracted for the first time in 68 years after the country went into a lock. Pakistan. Please note the exports, imports and tariff data are based on reported data and not gap filled. Line Bar Map. Fiji's exports of fresh and chilled agriculture produce exceeded $100million in 2020. The nominal ranking of Pakistan is 48, and the PPP ranking is 24. Minister of State for Commerce and Industry Anupriya Patel on Friday said, India's pharmaceutical exports to Pakistan have increased from 129.32 million US dollars in 2016-17 to 152.32 million dollars in 2020-21. 27,296,010,000 (US dollars) in 2020. Thank u for coming up with a well researched paper for me. Pakistan exports for 2019 was $28.15B, a 0.25% decline from 2018. Exports in Pakistan averaged 56606.71 PKR Million from 1957 until 2021, reaching an all time high of 500884 PKR Million in November of 2021 and a record low of 51 PKR Million in April of 1958. License : CC BY-4.0. Top 20 exporters from Pakistan Style Textile (Private) Ltd Pakistan has 304 billion$ economy with exports reaching 21-22 billion$ having pressures on current account and balance of payments. The Quality of . Please check the Data Availability for coverage. Read more: Pakistan Economy: History and Required Reforms According to the Labour Migration Report of 2020 & 2021, India stands at third in number, counting 94,145 workforces exported abroad. Rice exports need more attention. [13] "World Bank revises Pakistan's growth projections downward", Dawn, 09 January 2020; "Pakistan's economy: IMF projects low GDP growth, high inflation, unemployment", The News International 21 January 2020. The ranking is based on State Bank of . Pakistan's exports stood at around $21 billion for the last fiscal year . ; 9.39% ($2.08 billion): 6203 - Men's or boys' suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts (other than swimwear). This . A villager planting rice in a field in Lahore. Exports of goods and services (% of GDP) - Pakistan. Same region. The best time to visit Pakistan would be October through February, when the temperatures are cooler. These are the top names that produce and export items - like textiles and rice - Pakistan is known for, and bring critical foreign exchange Pakistan needs to meet its fuel and other import needs. Key Finding Report of Mouza Census-2020. We forecast real GDP growth of 3.2% in fiscal year 2021/22 (July-June). PSEB facilitates the IT industry through a series of projects and programs in infrastructure development, human capital development and company capability development. 2019. CEIC calculates Total Exports Growth from monthly Total Exports. Your personal essay writing service. Pakistan Trade Statistics. Highest values. Pakistan's exports of goods recorded their highest level of $25.6 billion during the fiscal year 2020-21, higher than the $25.3 billion recorded in 2010-11. Pakistani exports to the EU are dominated by textiles and clothing, accounting for . According to provisional data, Pakistan exports for the month of December 2020 have grown by 18.3 percent to $ 2.357 billion as compared to $ 1.993 billion in December 2019, an increase of $ 364 million over December 2019, the Adviser said this on his official twitter account. 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. 157,412 million (provisional) in April, 2020 and Rs. Secondly, Bangladesh with 217,699 and Pakistan making the top in the list . ISLAMABAD: Pakistan's exports during the month of August recorded a downfall of 19.5pc in dollar terms, as compared to the same period last year. World Bank national accounts data, and OECD National Accounts data files. Official unemployment was 6% in 2017, but this fails to capture the true picture, because much of the economy is informal and underemployment remains high. The exports have bounced back on growth trajectory after witnessing decline in last four months from March to June 2020. None. This is the HIGHEST EXPORT EVER IN THE MONTH OF DECEMBER. On 2 January 2020, PM Imran Khan claimed that the government had stabilised the economy, declaring this to be the year of growth, development and wealth creation.4 A week later, the finance ministry issued a press release asserting that the economy was moving latest available trade, tariff, trade barriers and other trade related data Click Here . Get in touch with us now. Tweet. 223,536 million (provisional) as compared to Rs. Minister for Agriculture Dr Mahendra Reddy noted this statistic while addressing farmers on Taveuni during . 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 . PTI govt has to face drastic and challenging ramifications to handle fragile economic situations because economy may all of a sudden enter into stages of decline like inflation, hyperinflation, stagflation . Pakistan's exports of goods recorded their highest level of $25.3 billion during the fiscal year 2020-21, higher than the $25.11 billion recorded in 2013-14, informed Advisor to Prime Minister on . If we compared Pakistan with the regional countries in export skilled labor in 2020-21, then the numbers are record high for Pakistan. For at a glance i.e. The data reached an all-time high of 116.1 % in Apr 2021 and a record low of -46.7 % in Apr 2020. 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