Pakistan’s exports reached $ 2.345 billion in March 2021, up 13.4 percent per month compared to February 2021, According to preliminary data from the Commerce ministry
Abdul Razzak Dawood Special Assistant to the Prime Minister for Trade and Investment tweeted:
This is the highest exports month in a decade. This is also the first time since 2011 that exports have passed the $ 2 billion mark for six consecutive months .
SAPM believes that the 29.3% growth in exports March-2021 as compared to March 2020 should not be given significance as there was was a lockdown last year in March.
Pakistan’s imports also increased to $ 5.313 billion in March 2021. According to SAPM, the increase in imports is mainly due to an increase in imports of oil, wheat, soybeans, equipment, raw materials and chemicals, phones mobiles, fertilizers, tires and antibiotics / vaccines in March 2021.
Cumulatively, Pakistan’s exports increased 7 percent to $ 18.669 billion in the 9-month period July to March 2021 of the current fiscal year, up from $ 17.451 billion in the corresponding period last year.
While, during the same period, the country’s imports increased 12% to $ 39.210 billion in fiscal year 21, up from $ 34.817 billion in the same period of the previous fiscal year. “This growth is associated with an increase in imports of raw materials, as well as imports of wheat, sugar and cotton,” Dawood said.
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