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The United States (US) remained the top export destination of Pakistani products during the fiscal year 2015 (FY2015) while China was the top import destination from where goods were traded into the country.
Out of the total $22.09 billion in exports, Pakistani exports to the US stood at $3.66bn during FY2015 followed by China where Pakistani products worth $1.93 billion were exported during the year, according to a Pakistan Business Council (PBC) report.
Top 10 Pakistani export destinations in FY15:
- America ($3.66bn)
- China ($1.93 bn)
- Afghanistan ($1.72bn)
- United Kingdom ($1.57bn)
- Germany ($1.15bn)
- United Arab Emirates ($0.90bn)
- Spain ($0.78bn)
- Bangladesh ($0.70bn)
- Netherlands ($0.67bn)
- Italy ($0.62bn)
Out of the total imports of $43.99 billion in FY2015, the imports from China stood at $11.02bn, the PBC report revealed.
Top 10 sources of imports in FY15:
- China ($11.02bn)
- United Arab Emirates ($5.73bn)
- Saudi Arabia ($3.01bn)
- Indonesia ($2.04bn)
- United States of America ($1.92bn)
- Japan ($1.73bn)
- Kuwait ($1.71bn)
- India ($1.67bn)
- Germany ($0.97bn)
- Malaysia ($0.91bn)
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On DawnNews
Comments (49) Closed
Jan 01, 2017 06:18pm
Strangely Qatar is missing from the list. Do we only get letters from them?
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Jan 01, 2017 06:45pm
Sad no other south asian SAARC countries in the list
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Jan 01, 2017 06:52pm
@Harmony-1© That one letter tops the dollar value of combined exports and imports
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Jan 01, 2017 06:55pm
This news item confirms the importance of China and the U.S. for the land and the people of the Islamic Republic of Pakistan.
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Jan 01, 2017 07:04pm
There is a race between USA and China to please Pakistan.
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Jan 01, 2017 07:12pm
Pakistan major revenue comes from Overseas Pak remittances,Export earnings from textile,rice sports leather wheat dry fruit,fresh fruit,vegetables,handicrafts carpets,pharmaceuticals,spices,and hundreds of non- traditional items.USA is the most important business partner,and a very helping hand in all spheres of need. Long live Pak- US trade ties.
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Jan 01, 2017 07:12pm
@Harmony-1© For your kind information Qatar is included in UAE.
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Jan 01, 2017 07:16pm
What we import from UAE?
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Jan 01, 2017 07:16pm
Exports to America create jobs and hard currency - imports from China cost jobs and reduce hard currency. Never have figured out why Pakistanis haven't figured that out.
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Jan 01, 2017 07:23pm
@Najee I guess the imports from UAE are basically from third countries,to avoid trade barriers/restrictions
Ex: many imports from India are routed through UAE
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Jan 01, 2017 07:30pm
@Joseph - No, Qatar is not part of UAE.
Anyway, any sense of humour seems lost on you!
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Jan 01, 2017 07:41pm
Government should pay attention to power load shedding and connect with Iran gas line to increase production. Trade deficit must be zero.
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Jan 01, 2017 07:46pm
China sells $ 11.02 B of goods while buying a meager $ 1.93 B of Goods (possible at lowest profit margins to Pakistan). In the trade deficit it earns approx $ 9 Billions annually. CPEC investment "loans" are for $ 54 Billion. (ref. Wikipedia). So what China had already earned from Pakistan in the last 6 years, it is re-investing in Pakistan to earn much bigger returns. Warren Buffet say "Giving money to buy - aka loans - is billion times better business than selling items". China is doing both. I really revere the Chinese Mind.
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Jan 01, 2017 07:46pm
Business between China andindia is presently around 80 billion dollars.expected to reach 100 by 2018!for information.
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Jan 01, 2017 07:45pm
@Joseph what???? How come qatar included in uae??
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Jan 01, 2017 07:47pm
Half the UAE imports is Gold, rest is Indian products! rerouted through Dubai. Add that to indian exports to Pak
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Jan 01, 2017 07:51pm
@Najee
Mostly Indian products that are re-exported via UAE.
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Jan 01, 2017 08:02pm
That mean USA sanction would be more effective . Almost 20% revenue comes from revenue excluding free meals ( Aids + Freebies)
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Jan 01, 2017 08:47pm
@Joseph
How is Qatar part of the UAE
Qatar is an independent country.
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Jan 01, 2017 08:50pm
Most of uae import is actually India. I have seen first hand containers leaving Mumbai routed via Dubai to go to Karachi .The products made in India range a wide spectrum from pharmaceutical,automobile parts to consumer discretionary items.Allowing India a MFN would cut Pakistani imports by half but there is too much money to be made for certain individuals in the transit trade in the name of national security.
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Jan 01, 2017 08:55pm
Pakistan should do all it can to dislodge America and replace it with China as Pakistan's top export destination.
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Jan 01, 2017 08:59pm
And China is still best friend?
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Jan 01, 2017 09:18pm
@Harmony-1© I assume Joseph is really proud of his exceptional general knowledge! Or maybe he is an aide of Zaeem Qadri.
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Jan 01, 2017 09:15pm
Why we are importing from India. Drop the $1.67bn from india. Move to another country.
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Jan 01, 2017 09:20pm
Why our exports so low. We should be touching $50 bn. We should have trade surplus.
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Jan 01, 2017 09:21pm
That's not much. We need to improve it.
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Jan 01, 2017 09:29pm
@Joseph - You need to study Geography again.
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Jan 01, 2017 09:43pm
Imports are almost double of exports.Not a happy sign at all.
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Jan 01, 2017 10:16pm
Heavy dependence on USA for export market.
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Jan 01, 2017 10:39pm
Pakistan export must be higher than its import to succeed.
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Jan 01, 2017 10:55pm
The difference between the export and the import is remarkable! Why does not Pakistan export such things which will earn more foreign currency than the imported values? this ratio is disappointing. Has the commerce ministry every thought about this. rice, textiles etc are natural things. why is not machinery, technical things, scientific material, medicines, weapons, computers, hardware exported?
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Jan 01, 2017 11:10pm
What about cheap illegal shipments from China that are flooding market. They have no records on paper.
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Jan 01, 2017 11:16pm
Very good news.
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Jan 01, 2017 11:19pm
@Harmony-1© Good one!
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Jan 01, 2017 11:39pm
@Joseph and for your kind information you are confusing UAE with GCC...
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Jan 01, 2017 11:46pm
2015-16 Bangladesh Exports about $38.0bn and Imports $40.6bn.
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Jan 02, 2017 02:12am
@Harmony-1© -- That is truly great! You deserve a seat in PM's cabinet!
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Jan 02, 2017 02:30am
@Akram Afghanistan, India and Bangladesh.
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Jan 02, 2017 03:35am
@Najee Royalty; during the season.
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Jan 02, 2017 05:43am
@Harmony-1© Good point!! On the same note, is LPG regarded as import? This Nawaz government has imported significant amount of LPG at a secretive price fro Qatar!!!
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Jan 02, 2017 05:43am
@Najee Indian made products
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Jan 02, 2017 06:46am
Sad to see that exports to India are not considerable.
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Jan 02, 2017 08:42am
Great success and promising omen for Pakistan's future
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Jan 02, 2017 08:46am
And still people of Pakistan thinking USA IS ENEMY of Pak and China is friend
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Jan 02, 2017 08:50am
What a shame, our export have shrunk during PPP and PML-N governments. The dollar gap has been filled through debt.
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Jan 02, 2017 11:07am
After completion of CPEC import from China will increase manifold.
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Jan 02, 2017 12:25pm
@Najee, "What we import from UAE" - Good-will and oil
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Jan 02, 2017 03:07pm
@Cuban - Where does it say "Pakistanis haven't figured that out" - imports and exports? Or is it just one of those preconceptions that only you are capable of 'teaching' us???
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Jan 04, 2017 04:51am
@abdulrahman : To export machinery ,medicines engineering materials , computers one has to be competitive ( quality as well as cost wise) which unfortunately is absent . we need to improve upon it
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