ISLAMABAD: The country’s exports are $2.345 billion in the month of March 2021, which is 13.4 percent higher than February 2021 and is monthly highest in the last ten years, Abdul Razak Dawood, Adviser to Prime Minister of Pakistan for Commerce and Investment, said on Thursday.
He further said this is also the first time since 2011 that exports have crossed the $2 billion mark for six consecutive months. The export growth of 29.3 percent over March 2020 should not be considered as it is misleading since there was a lockdown last year, he added.
The imports in March 2021 grew to $5,313 million which is mainly due to increased imports of Petroleum, Wheat, Soy Bean, Machinery, Raw Material & Chemicals, Mobiles, Fertilizers, Tyres and Antibiotics & Vaccines in March 2021.
For the 9-month period of July-March 2021 of the current Financial Year (FY), the exports increased by 7 percent to $18.669 billion as compared to $17.451 billion in the corresponding period last year.
During the same period the import grew by 12 percent to $39.210 billion this FY as compared to $34.817 billion in the last FY. This growth has come from increase in import of raw material as well as import of wheat, sugar and cotton.