ISLAMABAD, Oct 27 (INP-WealthPK): The export of different items from Pakistan to the member countries of the South Asian Association for Regional Cooperation (SAARC) surged by 28% in the previous month of the current fiscal, WealthPK reports.
The data of data the State Bank of Pakistan shows that the volume of exports to SAARC member countries reached $167.490 million in September 2022 as compared to $130.611 million in the same month of the previous fiscal.
| Pakistan exports to SAARC countries (US $ MILLION) | |||
| July-Sep (FY23) | 452.113 | Sep (2022) | 167.490 |
| July-Sep (FY22) | 387.058 | Sep (2021) | 130.611 |
The exports of various goods from Pakistan to SAARC member countries including Afghanistan, Bangladesh, India, Maldives, Nepal, and Srilanka grew by 17% and reached $452.113 million in the first three months of the current fiscal as compared to $387.058 million in the corresponding period of the previous financial year.
The volume of imports from SAARC member countries stood at $29.910 million in September 2022. Pakistan had a trade surplus of
$137.580 million with SAARC member countries in September 2022. In addition, the trade surplus with SAARC member countries during the first three months of the current fiscal was recorded at $362.040 million.
In September 2022, Pakistan had a trade surplus with Afghanistan, Bangladesh, Maldives, Nepal, and Sri Lanka while a trade deficit was recorded with India. Bangladesh remained the top importer of Pakistani goods in September, followed by Afghanistan and Sri Lanka.
Exports from Pakistan to Bangladesh surged by 31% and reached $90.388 million in September 2022 as compared to $68.973 million in the same month of the previous financial year.
Exports from Pakistan to Bangladesh in July-Sep FY23 reached $234.504 million, representing a growth of 34% compared to $175.388 million during the same period of the last fiscal year. The trade surplus was recorded at $214.682 million in the first three months of FY23.
Exports to Afghanistan were recorded at $45.362 million in September 2022 against $31.975 million in the same month of the previous year, showing 42% growth. Exports to Afghanistan in the first quarter of the current fiscal reached $127.157 million as compared to $127.647 million during the same period of the previous financial year, depicting a decline of $0.490 million. The trade surplus with Afghanistan was recorded at $118.997 million.
| Pakistan exports to SAARC Countries US $ Million | ||||||
| Year | Export to Bangladesh | Export to Afghanistan | Export to Sri Lanka | Export to Maldives | Export to Nepal | Export to India |
| July-Sep (FY23) | 234.504 | 127.157 | 87.755 | 1.754 | 0.842 | 0.101 |
| July-Sep (FY22) | 175.388 | 127.647 | 81.017 | 1.669 | 1.238 | 0.099 |
| Year-over-Year | ||||||
| Sep (2022) | 90.388 | 45.362 | 30.709 | 0.678 | 0.344 | 0.009 |
| Sep (2021) | 68.973 | 31.975 | 28.248 | 0.829 | 0.543 | 0.043 |
SBP/WealthPK research
Exports from Pakistan to Sri Lanka stood at $30.709 million in September 2022 against $28.248 million in the same month of the previous year, depicting a rise of $2.461 million. Exports to Sri Lanka were recorded at $87.755 million in the first quarter of the current fiscal up from $81.017 million during the same period of the previous fiscal, showing a rise of $6.738 million. The trade surplus with Sri Lanka was recorded at $72.288 million in the first quarter of the current fiscal.
Exports to the Maldives were recorded at $0.678 million in September 2022 as compared to $0.829 million in the same month of the previous year, showing a decline of $0.151 million. Export to the Maldives reached $1.754 million in the first quarter of the current fiscal up from $1.669 million during the same period of the previous financial year, showing a 5% increase.
Exports from Pakistan to Nepal and India were recorded at $0.344 million and $0.009 million, respectively, in September 2022 as compared to $0.543 and $0.043 million in the same month of the previous fiscal.
The export of various goods from Pakistan to Nepal and India reached $0.842 million and $0.101 million, respectively, against $1.238 million and $0.099 million in the same period of the previous financial year, according to the data available with WealthPK.
