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Home China

China tops Pakistan’s import partners in October

News Desk by News Desk
November 18, 2024
in China, Pakistan
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China tops Pakistan's import partners in October
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China tops Pakistan’s import partners in October as per the data released by the State Bank of Pakistan.

Among Pakistan’s leading trade partners, China maintained its position as the top source of imports for Pakistan during October, followed by the UAE, Qatar, and Saudi Arabia.

Data from the State Bank of Pakistan indicated that imports from China rose by 21.4%, reaching $1.21 billion compared to $993.17 million in the same period last year.

The UAE ranked second, with Pakistan importing goods worth $478.94 million, a decline of 9.6% compared to $529.85 million in the previous year.

Qatar was the third-largest source, with imports valued at $283.18 million, reflecting a 4.8% increase from the $270.11 million imported during the same period last year.

Saudi Arabia ranked fourth, with imports totaling $267.1 million, marking a 45% year-on-year decline.

Other notable trade partners included Indonesia, from which Pakistan imported $236.65 million worth of goods, a 5.6% increase year-on-year. Conversely, imports from Singapore fell by 22.1% to $213.88 million.

Imports from the United States stood at $180.41 million, showing a significant year-on-year rise of 53.6%.

On a month-over-month basis, imports from China decreased by 4.3%, while those from the UAE dropped by 15.6%. Imports from Qatar, however, rose by 7% month-over-month.

Over the cumulative period of the first four months of FY25 (4MFY25), China remained the top source of imports, totaling $5.1 billion compared to $3.74 billion in 4MFY24.

Meanwhile, cumulative imports from the UAE (Dubai) in 4MFY25 reached $1.98 billion, marking a 13.7% increase.

Saudi Arabia, cumulatively, was the third-largest import partner, with imports amounting to $1.33 billion in 4MFY25, down from $1.63 billion during the same period in the previous fiscal year.

 

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