Pakistan’s exports have surged dramatically in the past financial year, reaching a record $30.66 billion and achieving a notable growth rate of 10.65%.
This impressive increase of nearly $3 billion underscores the nation’s strong trade performance.
According to the Pakistan Bureau of Statistics, several product categories experienced significant growth. Exports of food items set a new high, totaling $7.36 billion, driven by a remarkable 46% increase in the export of rice, fruits, vegetables, meat, spices, and oilseeds. This surge reflects the growing global demand for Pakistan’s agricultural products.
The textile sector, a vital component of Pakistan’s economy, also showed substantial progress. Exports in this sector rose to over $16.65 billion, marking a 0.93% increase. Raw cotton exports soared by an astounding 316%, while cotton yarn exports grew by more than 13%. This sector’s performance highlights its continued importance and resilience.
Chemical exports saw an 8% increase, reaching approximately $1.5 billion, and cement exports jumped by 40.36%, totaling $266.5 million. The petroleum and coal sectors also posted impressive results, with exports soaring by 80% to $400 million. Additionally, the sports goods sector, particularly Pakistani footballs, experienced a 7.41% increase in exports, totaling $254.4 million.
Other areas of growth included plastic materials, canvas footwear, medicines, engineering goods, and jewelry. These positive export trends demonstrate the diversification and resilience of Pakistan’s economy, driven by robust performance across various sectors. The government’s efforts to enhance trade policies and promote exports have been instrumental in achieving these impressive results.
