China, UAE and Singapore among top exporters to Pakistan

ISLAMABAD: China remained the top source of import for Pakistan during the first eight months of the current fiscal year (FY19), followed by the United Arab Emirates (UAE) and Singapore.

The total imports from China during July-February 2018-19 were recorded at $6.63 billion, as compared to $7.32 billion recorded during July-February 2017-18, showing a decrease of 9.46pc, according to State Bank of Pakistan (SBP).

This was followed by UAE, as Pakistan imported goods worth $6.26 billion from the Emirates as compared to the imports of $5.79 billion recorded during the first eight months of FY18, depicting an increase of 8.15pc.

Singapore was the third in the list as Pakistan imported products worth $2.39 billion from the country as against the imports of $3.04 billion in eight months of the last fiscal, a decline of 21.23pc.

Among other countries, Pakistani imports from Saudi Arabia stood at $1.97 billion as against $1.99 billion last year, while imports from Qatar were recorded at $1.44 billion as against $876.047 million last year.

The imports from United State of America (USA) were recorded at $1.37 billion as against the import of $1.21 billion last year, whereas the imports from India were recorded at $1.14 billion as against $1.09 billion last fiscal.

During the period under review, the imports from Japan were recorded at $1.04 billion as against $1.20 billion last year, whereas the imports from Kuwait stood at $803.520 million as against $755.639 million.

Pakistan's imports from Indonesia were recorded at $745.866 million against $707.741 million, whereas the imports from Thailand stood at $709.899 million against $693.396 million.

Similarly, the imports from Malaysia during the period under review were recorded at $693.456 million against $622.333 million, while the imports from Switzerland stood at $669.977 million against $644.687.

Pakistan's imports from Germany were recorded at $727.122 million during the first eight months of the current fiscal year as compared to $721.341 million during the corresponding period of last fiscal, whereas the imports from Italy stood at $398.777 million against $380.080 million last year.