Pakistan’s export sector has recorded a significant increase of over $1.5 billion during the first five months of the current fiscal year, with total exports reaching $13.72 billion from July to November.
This marks a growth of 12.82% compared to the same period last year, according to the Federal Bureau of Statistics.
Sector-wise export growth
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Textile sector:
The textile sector, a cornerstone of Pakistan’s exports, saw a 10.51% increase, with export volumes rising to $7.6 billion. -
Food sector:
Food exports grew by 9.58%, crossing $3.15 billion. Notably, the demand for Pakistani rice surged by 35.40%, leading to rice exports worth $1.51 billion. Sugar exports also skyrocketed by an impressive 833%, generating $196.7 million. -
Agriculture products:
Exports of fruits, vegetables, tobacco, and meat showed a notable rise. However, there was a decline in the exports of pulses, spices, oil seeds and dried fruit. -
Manufacturing sector:
The manufacturing sector demonstrated remarkable growth of 54% during the five-month period, achieving a total export volume of $1.76 billion. Increased demand for leather products, gloves, plastic goods, medicines, and cement drove this growth.
Despite the overall positive trend, some export categories witnessed a downturn. Exports of sports goods, including footballs, carpets, and furniture, experienced a decline during this period.
The government has set an ambitious export target of $32 billion for the current fiscal year. The consistent growth in key sectors signals a positive trajectory toward achieving this goal.
