The total value of imports (CIF) is US$ 45,775 million. Sep 2022. 9.39% ($2.08 billion): 6203 - Pakistan Exports to United States was US$6.08 Billion during 2021, according to the United Nations COMTRADE database on international trade. Exports and imports of Pakistan in 2020 are below, along with number of countries and products. Here is the list of Pakistans main export that is the most profitable for the countrys economy. Exports of Pakistan increased from 12,158 million US dollars in 2002 to 35,565 million US dollars in 2021 growing at an average annual rate of 6.47%. Popular Indicators - Most Recent Values. The net exports were $423 Apparel (6.46%), Semi-milled rice(3.81%), Clothing and Worn Textile (3.27%), Wholly Milled Rice (2.57%), and Clothing Accessories Knitted (2.44%)were the top 5 exports of 35,565,880,000 (US dollars) in 2021. Islamabad: Pakistan's total exports stood at $27.209 billion in 2020-21 compared to $21.476 billion in 2019-20, according to the data compiled by the Federal Board of Revenue (FBR). Meanwhile, Pakistan also exports significant quantities of rice, During the last five reported years the exports of Pakistan - Exports of goods and services in current prices. refined petroleum consumption: 493,400 bbl/day (2019 est.) Major Exports of Pakistan . Top Destination (2020) United States $14.7B. 551833.00. A few years ago, Afghanistan was the second major export destination after the United States. Pakistans Top 10 Imports Pakistans largest export partner is. (A) China. (B) Saudi Arabia. (C) United Kingdom. (D) United States. The answer is: (D) United States. Pakistans largest exports goes to the United States. NOTE: If European Union (the group of 27 states) is given then largest export partner is European Union. Post navigation. The findings are that around 80.39% of total exports from Pakistan were industrial and 19.08% were agricultural products. 16.1% to Bangladesh. The total value of imports (CIF) was Exports. The textile exports contributed around 61 per cent to the total exports of $31.8 billion during the fiscal year 2021/2022. crude oil and lease condensate exports: 7,800 Total Imports (2019) $50,063,059,560. PKR Million. Textile sector plays a significant role in supporting the economy of Pakistan and continue to be in the spotlight owing to countrys dependence on foreign exchange. According to the United Nations COMTRADE database on international trade: Pakistan Exports of cotton was US$2.64 Billion during 2020. In 2020, Pakistan exports cotton to the following countries: 24% to China. Pakistan was the United States 55th largest goods export market in 2018. Pakistans GDP growth has gradually increased since 2012, and was 5.3% in 2017. Income Approach. Textiles and apparel account for more than half of Pakistan's export earnings; Pakistan's failure to diversify its exports has left the country vulnerable to shifts in world demand. total petroleum production: 100,700 bbl/day (2021 est.) Pakistan's Top Exports in 2020: 14.6% ($3.25 billion): 6302 - Bed linen, table linen, toilet linen and kitchen linen. As per our latest Pakistan export Data for 2021, Pakistan exported goods worth $ 23097762856 US Dollars. Pakistan Total Exports recorded 2.4 USD bn in Sep 2022, compared with 2.5 USD bn in the previous month. Almost half of the trade in agriculture is in livestock. 7.1% to the USA. Cotton: 2. Given Pakistans population of 222.6 million people, its total $73.1 billion in 2021 imports translates to an estimated $330 in yearly product demand from every person in the South Asian country. Pakistan Exports to United States - data, In 2020, Pakistan exported a total of $25.5B, making it the number 65 exporter in the world. Overview In 2020, Pakistan was the number 43 economy in the world in terms of GDP (current US$), the number 65 in total exports, the number 49 in total imports, the number 168 economy in terms of GDP per capita (current US$) and the number 93 most complex economy according to the Economic Complexity Index (ECI).. Exports The top exports of Pakistan are House Linens That average amount exceeds the $220 per capita for 2020. Pakistan Pakistans agriculture has more than 40% of the labor. 2. Pakistans exports to Afghanistan fell 5.57pc to $746.328m in 9MFY21 from $790.377m in 9MFY20. Denmark: $234.7 million (0.8%) South Africa: $223.1 million (0.8%) Well over four-fifths (83.7%) of Pakistani exports in 2021 were delivered to the above major trade partners. In 2018, Pakistan exported mostly: Agriculture plays a vital role in the process of economic development of a country. Cotton is among the top cash-crop exports of Pakistan. NX = net exports or a countrys total exports less total imports. Total Exports (2019) $23,748,680,252. Rice: Pakistan is regarded as the second-largest exporter of Top 10 Pakistan Exports to the USCottonClothingKnit or crochet clothingOther textiles, worn clothingTextile floor coveringsLeather and animal gut articlesGums, resinsPlasticsFurniture, lighting, signsMedical and technical equipment Pakistan exports for 2021 was $34.57B, a 23.75% increase from 2020. Pakistans shipments record suggests that it made a total of 1297454 shipments in 5.35% to Turkey. Last year the volume of the exports was $7 billion. Total National Income the sum of all wages, rent, interest, and profits. 548326.00. Exports in Pakistan averaged 62465.41 PKR Million from 1957 until 2022, reaching an all time high of 596433 PKR Million in June of 2022 and a record low of 51 PKR Million in April of 1958. Pakistan's exports of goods recorded their highest level of $25.6 billion during the fiscal year 202021, higher than the $25.3 billion recorded in 201011. Pakistan had a total export of 23,748,680.25 in thousands of US$ and total imports of 50,063,059.56 in thousands of US$ leading to a negative The findings are that around 80.39% of total exports from Pakistan were industrial and 19.08% were agricultural products though the country is still rated as predominantly an agricultural economy. This page provides - Pakistan Exports - actual values, historical data, July 31, 2022. washington DC - Ambassador Masood Khan said that there has been marked year-on-year rise in Pakistani exports to the United States with a total volume of $9 billion and an annual growth rate of 35%. The total value of exports (FoB) was 22,237 million. Pakistan Total Exports data is updated monthly, available from Jan 1996 Among the top trading partners, Qatar increased its import purchases from Pakistan at the fastest rate with via its 175.3% gain from 2020 to 2021. Pakistan Imports. Exports in Pakistan increased to 551833 PKR Million in September from 548326 PKR Million in August of 2022. Pakistans total exports remained at $27.209 billion in 2020-21 as compared to $21.476 billion in 2019-20, according to the Federal Board of Revenue. The major exports of Pakistan include textiles, leather and sports goods, chemicals, carpets, and rugs. In 2018, Pakistan imported mostly: machinery (14.5 percent); petroleum products (12.2 percent); chemicals (11.7 Overall Exports and Imports for Pakistan 2020. For the July-October 2021 period, Pakistans total exports grew 25% to $9.468 billion as compared to $7.576 billion during July-October 2020. The total value of exports (FOB) is US$ 22,237 million. Exports in Pakistan increased to 551833 PKR Million in September from 548326 PKR Million in August of 2022. source: Pakistan Bureau of Statistics. Exports Pakistan's major export In fact, the United States government allows Pakistani businesses to export more than 3,500 items to the US without paying any duties on them, including jewelry, most manufactured items, and many In 2021, exports for Pakistan was 35,565 million US dollars. GDP = Total National Income + Sales Taxes + Depreciation + Net Foreign Factor Income. This GDP formula takes the total income generated by the goods and services produced. Pakistan is one of the largest agriculture suppliers in the world. Pakistan is a developing country, with a semi-industrial economy. Primary export commodities include textiles, leather goods, sports goods, chemicals and carpets/rugs. The growth poles of Pakistan's economy are situated along the Indus River; the diversified economies of Karachi and major urban centers in the Punjab, coexisting with lesser developed areas in other parts of the country. 1. At the HS6 digit level, 2,814 Trade Balance (2019) ($26,314,379,308) Exports of goods and services (% of GDP) (2021) [2] 9.98%. Imports 9.44% ($2.1 billion): 1006 - Rice. total petroleum production: 100,700 bbl/day (2021 est.) U.S. goods exports to Pakistan in 2018 were$2.8 billion,up 1.4% ($41 million) from 2017 and up 50.1% from 2008.
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