Pakistan Import Export Trade Data

The Islamic Republic of Pakistan is in South Asia. It is a densely populated country. It is surrounded by Iran, India, Afghanistan, and China. Pakistan is a semi-industrialized and developing economy. Foreign investment in Pakistan has been dropping steadily due to political instability. Pakistan export data has been showing a steady decline. Pakistan export data shows that total exports are 8.79% of the GDP. Pakistan imports have been growing at a faster rate primarily because of the China Pakistan Economic Corridor. The Pakistan import data shows total imports are19.75% of the GDP.

Pakistan import data is compiled based on information import documents such as import bills and the bill of lading. The databases contain all the relative information about imports in Pakistan like:-


  • Name and contact details of importers
  • Name and contact details of the seller
  • Product HS Code
  • Product Description
  • Price of shipment
  • Import duties
  • Quantity and total weight
  • Port of Loading and country
  • Destination Port and country

According to import export data, Pakistan imports of commodities in December 2020 were 5.0 billion USD, while imports in November 2020 were 4.3 billion USD. Analyzing the imports for 2020 we learn the lowest imports were recorded in May when Pakistan imported goods worth 2.82 billion USD. The top imports in the country are:-

  • Mineral fuel, and oils
  • Nuclear reactors, boilers, and mechanical appliance
  • Electric machinery
  • Iron and Steel
  • Organic Chemicals

Pakistan export data is useful for any international trader operating in Pakistan. The database allows traders to find new buyers to sell their products and find new markets to expand. They can examine changing trends and use the information to predict changing preferences.

Export Import Data shows that Pakistan exported commodities worth 2.4 billion USD in December 2020. The trends in 2020 were fluctuating trends the exports in April dipped by 46.7% year-on-year to 957 million USD the maximum exports were recorded in December 2020 with 21.1%. The top exports in Pakistan are:-


  • Textile
  • Clothing accessories
  • Knit or crochet clothing
  • Cotton
  • Cereals 

 

Comments

Popular posts from this blog

Get the Accurate HS Code for Export of Products

India's Major Ports: Key Hubs for Trade and Economic Growth