43pc growth
\n ISLAMABAD
\nThe United States remained Pakistan\u2019s largest export market, with $607 million worth of goods exported to the country in December 2021, showing a growth of 43 percent on a year-on-year basis.
\nAdvisor to the PM on Commerce and Investment, Abdul Razak Dawood shared this in a tweet on Tuesday, saying that Pakistan\u2019s exports in December 2021 have seen a rise as compared to the same period last year.
\nHe said the US was followed by China as Pakistan\u2019s second-largest exporting destination, with the country purchasing goods worth $325 million in December 2021, an increase of 25 percent. Sharing further details, Dawood said that exports to the Netherlands, Spain, Bangladesh, Thailand, Sri Lanka, Malaysia and Kazakhstan also increased. However, the exports to the UK, Germany, Afghanistan, Russia and Saudi Arabia declined in December 2021 as compared to the same period last year, the advisor shared. He said that exports of fish and allied products, plastics, cement, cotton fabric and rice have witnessed an increase in the said period. The advisor said that exports of men\u2019s garments, home textiles, rice, ladies\u2019 garments, jerseys, cardigans and T-shirts also witnessed upsurge during the same period.
\nThe data showed that Pakistan\u2019s exports of men\u2019s garments increased by 26%, home textiles by 2%, rice by 5%, cotton fabric by 17%, cotton yard by 11%, women\u2019s garments by 13%, jerseys & cardigans by 55%, T-shirts by 46%, fish & fish products by 64%, plastics by 70%, and cement by 45% in December 2021 as compared to December 2020. During the same period, the advisor said that exports of fruits, vegetables and surgical instruments declined. The data showed that Pakistan\u2019s exports of fruits & vegetables and surgical instruments declined by 19% and 3% respectively.
\nEarlier on Sunday, Dawood said Pakistan\u2019s exports increased by 16.7% to $2.761 billion during December 2021 against the targeted $2.8 billion, compared to $2.366 billion in December 2020. During the first half of the current FY (Jul-Dec 2021), he added that exports increased by 25% to $15.125 billion as compared to $12.110 billion during July-December 2020.
\nThe export target for the first half of this FY was $15 billion, he added. TLTP<\/p>\n","protected":false},"excerpt":{"rendered":"
43pc growth ISLAMABAD The United States remained Pakistan\u2019s largest export market, with $607 million worth of goods exported to the country in December 2021, showing a growth of 43 percent on a year-on-year basis. Advisor to the PM on Commerce and Investment, Abdul Razak Dawood shared this in a tweet on Tuesday, saying that Pakistan\u2019s […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-236886","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n