Pakistan’s exports increased by about $3 billion in the most recent fiscal year, registering a growth rate of 10.65%. The country’s strong trade success is reflected in the $30.66 billion overall export volume.
Notable rises were reported by the Pakistan Bureau of Statistics in a number of product categories, such as food, sporting products, textiles, and cement. With a notable 46% increase in the export of rice, fruits, vegetables, meat, spices, and oilseeds, food item exports reached a record $7.36 billion.
This demonstrates the rising demand for Pakistani agricultural goods worldwide.
A vital component of Pakistan’s economy, the textile industry, also experienced significant growth. In this industry, exports topped $16.65 billion, indicating a 0.93% rise. Notable contributors included cotton yarn, which increased by an astounding 316%, and raw cotton.
The amount of chemicals exported increased by 8% to reach almost $1.5 billion. Exports of cement increased by 40.36% to $266.5 million. The petroleum and coal industries had a remarkable 80% rise in exports, amounting to $400 million.
The sports goods industry experienced a 7.41% growth in exports, reaching a total value of $254.4 million, with Pakistani footballs leading the way. Plastic materials, canvas footwear, pharmaceuticals, technical items, and jewelry were among the other noteworthy development industries.
