The total imports from China during July-November (2020-21) were recorded at $4523.671 million against the $4025.183 million during July-November (2019-20), according to State Bank of Pakistan (SBP). This was followed by UAE, where Pakistan imported goods worth $2709.681 million.
Singapore was the third top country from where Pakistan imported products worth $1112.755 million last year SBP data revealed. Among other countries, Pakistani imports from Saudi Arabia stood at $802.496 million while the imports from United State of America (USA) were recorded at $793.269 million.
According to Russian statistics, Russian exports to Pakistan from January to November 2020 increased by 168.1% compared to the same period of last year, and amounted to USD 412.9 million, bilateral trade increased by 35.9%, respectively, and reached 681.1 USD million. Commenting on these figures, Mikhail Korablin, Trade Representative of Russia in Pakistan, noted that “we are pleased to see significant increase in Russian exports to Pakistan and increase in bilateral trade compared to 2019. Nevertheless, the volume of bilateral trade does not yet correspond to the existing potential of the economies and export opportunities of our countries. We will continue to work on the implementation of prospective projects in such areas as energy, metallurgy, mechanical engineering, chemical industry, agriculture”.
