Pakistan’s trade with Canada, Turkey, UAE, Sri Lanka, Bangladesh & Bahrain

BusinessPakistan’s trade with Canada, Turkey, UAE, Sri Lanka, Bangladesh & Bahrain

Pakistan-Canada bilateral trade

Pakistan’s exports to Canada increased from US$ 230.23 million (in FY 2016-­17) to US$ -260.62 million (in FY 2017-­18) registering an increase of 13%. Moreover during the first 06 months of FY 2018-­19 (July­-December 2018), Pakistan’s exports to Canada increased by 13% to US$ 138.96 million.

Pakistan has continued to sustain trade deficit with Canada. However, as a result of increase in exports of Pakistan to Canada, the trade deficit has decreased to US$ 365.71 million in 2017-­18 as compared to US$ 514.62 million in 2016-­17.

During the first 06 months of FY 2018­-19 (July-­December), trade deficit has also been decreased to US$ 53.50 million as compared to US$ 104.91 million during corresponding period of FY 2017-­18 (July-­December).

The details of bilateral trade between Pakistan and Canada during the last three years is given below;Pakistan’s trade with Canada, Turkey, UAE, Sri Lanka, Bangladesh & Bahrain

Pakistan-Bangladesh bilateral trade

Pakistan exports to Bangladesh have increased by US$ 117.7 million in 2018 after witnessing a decline of US$ 89.06 million in 2016­-17.

The following table shows Pakistan-Bangladesh bilateral trade figures for last four years:Pakistan’s trade with Canada, Turkey, UAE, Sri Lanka, Bangladesh & Bahrain

  • Pakistan’s major exports to Bangladesh include; woven cotton fabrics, cotton yarn, raw sugar, raw cotton, machinery and its parts and synthetic fabrics including silk and woollen.
  • Pakistan’s main items of imports from Bangladesh are raw jute, tea and mate, yarn & thread of synthetic fibers and tobacco. 

Pakistan-Bahrain bilateral trade

The aggregate trade structure of Pakistan-Bahrain bilateral trade is as follows:— Pakistan’s trade with Canada, Turkey, UAE, Sri Lanka, Bangladesh & Bahrain

Pakistan-Turkey bilateral trade

Pakistan’s exports to Turkey grew at good pace and crossed US$ 850 million in 2011. However, it started to decline after the imposition of additional duties by Turkey in August 2011 and amounted to US$ 343.06 Million in 2017-­18.

Pakistan-Sri Lanka bilateral trade

Before a Free Trade Agreement (FTA) with Sri Lanka on August 1, 2002 that became operational from June 12, 2005, during 2004-05, Pakistan’s exports to Sri Lanka amounted to US$ 155.8 million whereas imports amounted to US$44 million but after the signing of FTA, Pakistan’s exports to Sri Lanka crossed the level of US$ 200 million in 2005-2006, while imports were recorded at US$ 71.2 million.

During 2017-18, Pakistan’s exports to Sri Lanka amounted to US$ 289 million, whereas imports were recorded of value US$ 67.31 million.

  • Major export items from Pakistan include weave cotton fabric, rice, wheat, Portland cement, rice semi-milled or wholly milled, denim fabric of cotton, potatoes fresh or chilled, fish & fish preparations, cotton yarn, cotton fabrics, pharmaceuticals products, knitted or crocheted fabrics and iron & steel.
  • Major imports from Sri Lanka include vegetable, Medium Density Fiber Board, natural rubber, coconut, surgical gloves of rubber, tea, fruits & vegetables, oil seeds, dried fruit, crude rubber and crude vegetable material.

The following table shows Pakistan-Sri Lanka bilateral trade figures for last four years:- Pakistan’s trade with Canada, Turkey, UAE, Sri Lanka, Bangladesh & Bahrain

Pakistan-UAE bilateral trade

The aggregate trade structure of Pakistan UAE bilateral trade is as follows:Pakistan’s trade with Canada, Turkey, UAE, Sri Lanka, Bangladesh & Bahrain

 

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Advertisement