Exports from Pakistan increased by 13.4 percent to $2.345 billion in the month of March 2021, Adviser to Prime Minister of Pakistan for Commerce and Investment Razak Dawood said on Thursday.
“Ministry of Commerce is glad to share that according to provisional figures, in March 2021 our exports increased to $2.345 billion. This is an increase of 13.4 per cent over Feb-2021. It is the monthly highest in last ten years,” he said in a series of tweets.
In his tweet, Dawood said “this is also the first time since 2011 that exports have crossed the $2 billion mark for six consecutive months. The export growth of 29.3% over March 2020 should not be considered as it is misleading since there was a lockdown last year.”
He tweeted that “while, the imports in March 2021 grew to USD 5,313 million which is mainly due to increased imports of Petroleum, Wheat, Soy Bean, Machinery, Raw Material & Chemicals, Mobiles, Fertilizers, Tyres and Antibiotics & Vaccines in March 2021”
Cumulatively, during the nine months of current financial year, Pakistan’s exports increased by 7 percent to $18.669 billion as compared to $17.451 billion in the corresponding period last year. During the same period, the import grew by 12 percent to $39.210 billion in FY20-21 as compared to $34.817 billion during the previous year. This growth has come from an increase in the import of raw material as well as the import of wheat, sugar and cotton, he concluded.
