Pakistan’s export sector has recorded a significant increase of nearly $3 billion in the last financial year, achieving an impressive growth rate of 10.65%. According to the Pakistan Bureau of Statistics, the total export volume reached $30.66 billion, highlighting the country’s robust trade performance.
Key sectors driving this growth include food, textiles, cement, and sports goods. Food exports reached a record $7.36 billion, fueled by a remarkable 46% surge in rice, fruits, vegetables, meat, spices, and oilseeds. This uptick underscores the growing global demand for Pakistan’s agricultural products.
The textile sector, a cornerstone of Pakistan’s economy, also posted substantial gains. Exports in this sector exceeded $16.65 billion, marking a 0.93% increase. Significant contributors were 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, while cement exports surged by 40.36%, reaching $266.5 million. The petroleum and coal sectors recorded an impressive 80% increase in exports, totaling $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 jewelry.
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.
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