ISLAMABAD  - Pakistan’s exports to the seven regional countries witnessed an increase of 25.54 percent in first seven months of financial year (2021-22), as compared to the corresponding months of last year.

The country’s exports to the regional countries including Afghanistan, China, Bangladesh, Sri Lanka, India, Nepal and the Maldives account for a small amount of $2549.805 million, which is 14.38 percent of Pakistan’s overall exports of $17722.002 million during July-January (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 like 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 54.70 percent to $1588.763 million in seven months of this year from $1026.951 million during last year while exports to Bangladesh also increased by 49.51 percent to $483.276 million from $323.044 million. The country’s export to Afghanistan however dropped by 52.64 percent to $257.644 million this year from $544.113 million whereas exports to India also dipped by 71.13 percent to $0.568 million from $1.968.

Similarly, exports to Sri Lanka rose by 63.81 percent to $211.398 million from $129.044 million in the previous year whereas exports to Nepal also increased by 75.06 percent to $4.352 million from $2.486 million, in addition exports to Maldives increased by 19.17 percent to $3.804 million from $3.192 million, it added. On the other hand, the imports from seven regional countries were recorded at $10317.341 million during the period under review as compared to $7121.659 million during last year, showing increase of 44.87 percent.

The imports from China during July-January 2021-22 were recorded at $9996.860 million against the $6807.694 million during July-January 2020-21, showing an increase of 46.84 percent during the period. Among other countries, imports from India worth $106.925 million against the imports of $111.995 million, decrease of 4.52 percent while imports from Afghanistan decreased by 1.72 percent from $107.461 million to $105.605 million. Meanwhile, imports from Sri Lanka witnessed 4.92 percent decrease from $48.878 million to $46.473 million whereas Pakistan Imports from Bangladesh recorded at $59.604 million from $45.013 million during last year.

The imports from Nepal into the country witnessed increase of 16.22 percent from $0.610 million to $0.709 million, it said.