ISLAMABAD - Pakistan’s exports to the seven regional countries witnessed an increase of 18.26 percent in eleven months of fiscal year (2021-22), as compared to the corresponding period of last year.

The country’s exports to seven regional countries including Afghanistan, China, Bangladesh, Sri Lanka, India, Nepal and the Maldives account for a small amount of $4172.741 million, which is 14.22 percent of Pakistan’s overall exports of $29333.048 million during July-May (2021-22), State Bank of Pakistan (SBP) reported.

China tops the list of countries in terms of Pakistan’s exports to its neighbouring countries, leaving behind other countries such Bangladesh and Afghanistan. Pakistan carried out its border trade with the farther neighbour Sri Lanka, India, Nepal and Maldives.

Pakistan’s exports to China posted growth of 38.77 percent to $2543.235 million in eleven months from $1832.649 million during last year while exports to Bangladesh also increased by 42 percent to $783.469 million from $551.712 million.

The country’s export to Afghanistan however dropped by 44.82 percent to $494.080 million during the period under review from $895.399 million whereas exports to India also dipped by 43.53 percent to $1.289 million from $2.283.

Similarly, exports to Sri Lanka rose by 43.34 percent to $338.986 million from $236.486 million in the previous year whereas exports to Nepal also increased by 26.07 percent to $5.420 million from $4.299 million. In addition exports to Maldives increased by 12.52 percent to $6.261 million from $5.564 million, it added.

On the other hand, the imports from seven regional countries were recorded at $16165.969 million during the period under review as compared to $11938.173 million during last year, showing increase of 34.41 percent.

The imports from China during July-May 2021-22 were recorded at $15690.135 million against the $11455.922 million during July-May 2020-21, showing an increase of 36.96 percent during the period.

Among other countries, imports from India stood at $169.432 million against the imports of $166.831 million, increase of 1.55 percent, while imports from Afghanistan decreased by 11.65 percent from $163.728 million to $144.648 million.

Meanwhile, imports from Sri Lanka witnessed 1.85 percent decrease from $77.459 million to $76.023 million whereas Pakistan imports from Bangladesh were recorded at $83.201 million from $73.052 million during last year.

The imports from Nepal into the country witnessed increase of 13.59 percent from $1.089 million to $1.237million, it said.