Pakistan's exports have recorded an impressive increase of almost $3 billion in the last financial year, achieving a growth rate of 10.65%. The total export volume reached $30.66 billion, reflecting the nation's robust trade performance.
The Pakistan Bureau of Statistics reported notable increases in various product categories, including food, textiles, cement, and sports goods. Food item exports hit a record $7.36 billion, with a remarkable 46% surge in the export of rice, fruits, vegetables, meat, spices, and oilseeds.
This highlights the growing global demand for Pakistan's agricultural products.
The textile sector, a cornerstone of Pakistan's economy, also saw substantial gains. Exports in this sector exceeded $16.65 billion, marking a 0.93% increase. Noteworthy contributors included raw cotton, which saw a staggering 316% rise, and cotton yarn, which grew by over 13%.
Chemical exports experienced an 8% increase, amounting to approximately $1.5 billion. Cement exports surged by 40.36%, reaching $266.5 million. The petroleum and coal sectors recorded an impressive 80% increase in exports, totalling $400 million.
The sports goods sector, particularly Pakistani footballs, saw a 7.41% increase in exports, with a total volume of $254.4 million. Other notable growth areas included plastic materials, canvas footwear, medicines, engineering goods, and jewellery.
These positive export trends underscore the resilience and diversification of Pakistan's economy, with various sectors contributing to the overall growth. The government's efforts to enhance trade policies and promote exports have played a crucial role in achieving these results.
