Advisor to the Prime Minister of Trade and Investment of Pakistan Abdul Razaq Dawood stated that the country's exports in December 2020 increased 18.3 percent to US $ 2.36 billion compared to US $ 1.99 billion in December 2019.
The export figures, he said as quoted from www.app.com.pk, show that Pakistan's economic resilience and is a justification for government policies to keep the economy going during the Covid-19 pandemic.
An increasing trend was seen in the export of value-added and non-traditional products, including tobacco and cigarettes (212.2 percent), ethyl alcohol (128.6 percent), stockings and socks (49.8 percent), home textiles (38.1 percent), garments. women (37.8 percent), jersey and cardigan (37.3 percent), gloves (25.5 percent), T-shirts (16.9 percent), rice (15.5 percent), fruit and vegetables (13.4 percent) compared to December 2019.
Meanwhile, the downward trend occurred in exports of most non-value-added products such as cotton (-93.3 percent), dried fruit and nuts (-78.5 percent), corn (-61.2 percent), plastics (-41.4 percent), cement (-8.5 percent), and raw leather (8.5 percent).
Geographically, in December 2020, Pakistan's exports to Indonesia increased by 151.6 percent, China 92.5 percent, Russia 63.2 percent, Britain 46.9 percent, Germany 37.6 percent, Holland 37.5 percent, Belgium 32, 8 percent, Australia 30.5 percent, Poland 27.9 percent, and the United States 27.2 percent.
The decline in exports occurred to Kenya (-40.5 percent), South Korea (-38.8 percent), Thailand (-24 percent), Japan (-22.3 percent), Bangladesh (-20.3 percent), Sri Lanka (- 19.9 percent), the United Arab Emirates (-10.5 percent), and Afghanistan (-5.1 percent).
Preliminary export data for the July-December 2020 period shows that exports increased by 4.9 percent from US $ 12.10 billion compared to US $ 11.53 billion in the same period last year.**