China remains top importer, traded products worth $4.025 billion

ISLAMABAD: With its $ 4025.177 million imports to Pakistan, China remained the top importer of the country during the first five months of current financial year (2019-20), followed by United Arab Emirates (UAE) and Singapore, according to the data released by the State Bank of Pakistan (SBP).

During the month of November, 2019, the total imports from China witnessed negative growth of 5.49 percent during the period under review as compared to the imports of US $ 4259.085 million of last financial year, 

This was followed by United Arab Emirates where from Pakistan imported goods worth US $ 3070.454 million against the imports of US $ 4300.905 million last year, showing decline of 28.60 percent.

Singapore was at third top country from where Pakistan imported products worth $ 917.708 million against the imports of $ 771.262 million last year, showing the decrease of 48.18 percent, the SBP data showed.

During first month of current financial year, among other countries, Pakistan’s imports from Qatar stood at $ 794.654 million against $ 786.815 million during last year, showing nominal increase of 0.99 percent while the imports from United State were recorded at $ 729.167 million against $ 747.560 million last year, showing decrease of 2.46 percent.

The imports from Saudi Arabia were recorded at $ 622.855 million against $1309.231 million whereas the imports from Japan were recorded at $ 519.089 million against $ 680.868 million last year.

During the period under review, the imports from Indonesia were recorded at $ 425.935 million against $ 495.532 million whereas the imports from Kuwait stood at 422.371 million against $ 484.566 million.

Pakistan’s imports from Malaysia were recorded at $ 392.199 million against $ 443.824 million where as the imports from Germany stood at US $ 389.059 million against US $ 452.929 million, the data showed. 

Similarly, the imports from Thailand during the period under review were recorded at US $ 375.100 million against US $ 484.313 million while the imports from South Africa stood at US $ 339.823 million against US $ 295.634.

Pakistan’s imports from Hong Kong were recorded at $ 291.769 million during the financial year compared to $ 352.054 million last year, whereas the imports from South Korea stood at US $ 290.545 million against US $ 336.995 million.