Pakistan is a country rich in natural resources that creates amazing items. They distributed these things and products to countries all over the world. Today, we\’ll look at some major exports of Pakistan. Pakistan is the 70th largest export economy in the world. House linens, also known as domestic products for everyday use such as bed, table, toilet, kitchen, towels, and so on, are the second-largest exporters in the world, accounting for $2.65 billion of the country\’s total export revenues. Raw cotton, cotton yarn, non-knit men\’s suits, leather and leather products, and sports goods are the most important items Pakistan exports to the world.
According to the United Nations
imports from the Islamic Republic of Pakistan, which shares land borders with economic giants China and India, totalled $22.2 billion in 2020. Compared to 2016, this statistic represents an increase of 8.3%, but a decrease of -6.6 % from 2019 to 2020
- Importers from the United States (18.6% of the global total)
- China (8.1%)
- Germany (6.3%)
- United Arab Emirates (4.9%)
- Netherlands (4.9%)
- Afghanistan (3.9%)
- Spain (3.6%)
- Italy (3.2%)
- purchased 68% of Pakistan\’s exports (1.9 %)
Pakistan exported 37.1% of its goods to Europe, while 34% went to Asian consumers. Pakistan exported 20.2 % of its goods to North America. There were lower percentages for the continents of Africa (6.3%), Oceania (1.24%), and Latin America (including the Caribbean but excluding Mexico) (1.18 % ). However, With a population of 208.6 million, Pakistan\’s total exports in 2020 are expected to reach $22.2 billion, equivalent to about $100 per person.
Also Read: Is 2021 Growing year For Business and Economy of Pakistan
Imports and exports
Imports and exports are important components of Pakistan\’s economy; increasing import rates has a negative impact on the economy, but increasing export rates demonstrates that the country\’s competency is improving and its economy is stable. Pakistan has bilateral and multilateral trade agreements with several countries and international organisations. It maintains cordial connections with them and imports and major exports of Pakistan a wide range of goods to these countries and regions.
Pakistan\’s key imports and exports are listed below
Petroleum products, palm oil, petroleum crude, iron, and steel are among Pakistan\’s key imports. Leather, textiles and clothing, mangoes and oranges, carpets, chemicals, rugs, and various other products are the principal exports.
According to Prime Minister\’s Adviser Abdul Razzak Dawood, the country\’s export growth increased by 18 % last fiscal year. According to the commerce ministry, Pakistan\’s exports increased 14% to $22.6 billion in the first three months of the current fiscal year, indicating a rapid recovery to pre-pandemic levels.
Major Exports of Pakistan
We\’ll go over Pakistan\’s all-time highest revenue-generating major exports of Pakistan. These products are well-known throughout the world.
Pakistan is the world\’s fifth-largest mango producer, and mangoes are considered the country\’s national fruit, so it\’s no wonder that it exports vast quantities of mangoes around the world. Mangoes are Pakistan\’s second most valuable commodity, accounting for $127.5 million of the country\’s total export revenue this season.
Mangoes from Pakistan are in high demand in the Middle East, Europe, Japan, Hong Kong, Germany, and Australia. It is estimated that there are approximately 110 varieties of mangoes grown in Pakistan. Some 110 varieties include Chaunsa, Sindhri, Langra Dasehri, Anwar Ratool, Saroli Toyota Pari Fajri Neelum Almas Sanwal and Desi. Mangoes are the major exports of Pakistan.
According to the USDA
According to the USDA, mangoes in Pakistan range from 2 to 10 inches in length and weigh between 8 and 24 ounces each. There are no bright red or spherical mangoes in Pakistan, only bright yellow and kidney-shaped mangoes. In addition to oval and circular shapes, mangoes are available in a variety of sizes and colours.
Export-quality mangoes are lower in fibre and have a turpentine flavour. This is the case because high-quality fruits are grown in soft water with natural fertilisers rather than hard water with artificial fertilisers.
Seafood is the main and prominent export of Pakistan, exported in large quantities to other nations around the world. Pakistan exports a large quantity of nutritious and high-quality shrimp and prawns each year. It shipped $264.18 million worth of fish abroad in 2017 and 2018, largely to the European Union and China.
According to the Pakistan Bureau of Statistics, seafood exports totalled $317.307 million in July-March (2019-20), up from $293.895 million in July-March (2018-19). (2018-19). This is an increase of around 8%. (PBS). Fisheries in Pakistan export a variety of seafood, including fish, crab, lobster, and mussels. Currently, exports are worth over 350 million dollars. Silver Seafood, Blue Ocean Ltd, GODACO SEAFOOD CO. LTD, OFCO Group, and Mehran Seafood Karachi are some of Pakistan\’s major seafood suppliers. Sea food is the major exports of Pakistan
Pakistan is well-known for manufacturing high-quality basmati rice, exported to Oman, the United Arab Emirates, Kenya, Thailand, and Jordan. According to statistics, Pakistan exports over $800 million worth of basmati rice each year.
Pakistan is ranked 12th in the world for rice production and fifth in the world for rice exportation. The two primary rice varieties exported from Pakistan are Basmati and IRRI. Hafizabad is known as the \”city of Rice\” in Pakistan since it boasts the country\’s largest rice market and cultivates various rice varieties. In 2018, the country exported around 3 million metric tonnes of rice for a total value of US$1.224 billion, boosting the economy. However, rice is the major exports of Pakistan. Increased rice exports are good news for our economy. They are working hard to increase rice exports.
Cotton production is critical to Pakistan\’s economic development. Its production and related textile industries are critical to the country\’s economy, and the crop has been prioritised. In addition to finished textiles and garments, Pakistan exports raw cotton, yarn, and grey cloths. Cotton is the most valuable export crop in the country, accounting for 80% of all oilseed production, including lint and seed for oil and meal.
Punjab, which has the finest conditions for cotton growing, produces about 70% of the country\’s cotton, with Sindh providing the remaining 28%. Cotton is grown on 4.7 million acres each year in Punjab, yielding 7 million bales and 700 kg/ha of lint. From Pakistan, cotton is imported by China, Germany, the United States and the United Kingdom; France; Russia; Italy; Spain; Canada; Brazil; Australia; and the Netherlands.
There was 53.555 million dollars worth of cotton fibre and raw cotton exported by Pakistan in the first eight months of 2017; there were also 859.716 million dollars worth and 8.793 billion dollars worth of textile products exported by Pakistan during the same period (stitched garments, knitwear, cotton clothes, bedsheets, and towels).
3600 companies employ 150,000 people in Pakistan to produce high-quality surgical and dental instruments, as well as a variety of other speciality tools, using the best raw materials and adhering to strict standards of quality. Pakistan exports surgical instruments primarily to the United States, the United Kingdom, Germany, Brazil, France, Australia, the Russian Federation, and other countries. Surgical tools are largely concentrate in and around Sialkot\’s outskirts. Almost all of the country\’s manufacturing takes place in Sialkot. However Surgical instruments are the major exports of Pakistan.
The industry is made up of around 2300 firms, with around 30 large businesses, 150 medium-sized businesses, and the rest being small. On average, the industry produces 150 million pieces per year, with a market worth of Rs 22 billion. Exports account for approximately 95% of overall output1. Light engineering is the industry\’s classification, and it has a specific skill set and a stable export market share. Pakistan has developed unique skills in this business, contacting high-income countries such as Germany, the United States, France, and Belgium.
According to this report, the leather and leather goods industry in Pakistan is tremendously vital to the Pakistani economy. It is one of the top three export industries, accounting for 4% of total export revenues and employing tens of thousands of people. Pakistan\’s most profitable exports include leather purses, coats, jeans, shoes, and other everyday items. Pakistan exported leather goods worth $478.85 million to Russia, Italy, France, Canada, the United Kingdom, the United States, Spain, the Netherlands, Australia, and Brazil in 2018.
Pakistan is the second-largest supplier of leather garments to the European market, after India. The United States accounts for 10.69 % of total leather exports from Pakistan, Germany at 9.33 %, the United Kingdom at 7.35 %, China at 7.1 %, and Italy at 6.54%. Leather is made in Pakistan from the skins of cows, buffaloes, sheep, and goats. There are roughly 800 tanneries in Pakistan. Leather goods are the major exports of Pakistan. However, the leather goods industry in the country is mostly focusing on export.
Pakistan produces high-quality furniture in Punjab and exports $8 to $12 million worth each year to the UK, Germany, Spain, Italy, and the US, making it one of the few countries in the world to do so. However, by launching Pakistani stores in key cities, China seeks to strengthen and expand its furniture sector.
Pakistan\’s furniture industry is fast expanding. There are a lot of new entrants in the furniture business these days. Our handcrafted furniture piques the interest of high-end customers. Pakistani furniture companies have experience in this industry due to the sort of wood used,\’ Sheesham (rosewood), which adds to the demand for this furniture. Pakistan\’s major wood-furniture-making regions include Chiniot, Gujrat, Peshawar, Lahore, and Karachi. Every year, Pakistan exports furniture between $8 million to $12 million
According to the World Bank, the country is widely available in Pakistan, and the country exported 370,000 metric tonnes worth $222 million last year. Among Pakistan\’s top Kinnow countries are Russia, the Philippines (Iran), Sri Lanka (Indonesia), Singapore, Saudi Arabia, Canada, Bangladesh, Malaysia, and United Arab Emirates. Oranges are the major exports of Pakistan.