Pakistan total merchandise exports to UK during 2019 stood at US $ 1,612 million

Pakistan total merchandise exports to UK during 2019 stood at US $ 1,612 million
Pakistan total merchandise exports to UK during 2019 stood at US $ 1,612 million

LONDON, Sep 03 (APP): Pakistan’s total (merchandise) exports during the year 2019
stood at US $ 1,612 million which showed a growth of 3.2 percent
compared with the exports during the previous year of 2018,Economic and
Trade Wing of Pakistan High Commission source has said.

“The composition of Pakistan’s export basket to the UK reveals
that around 80 percent of the revenue was generated through textile and
apparel ,followed by food group ,and other manufactures”, Shafiq Ahmed
Shahzad Trade and Investment Minister of Pakistan High Commission
London told APP here on Thursday.

He said that the UK was the third largest export destination of
Pakistani goods.

He further informed that during the the month of July 2020-21,
of current financial year ,the Pakistan’s exports to the UK reached to
US $ 173.04 million as compared to US $ 140.72 million recorded
during the same month of 2019-20 depicting an increase of 23 percent.

He said that the current export composition amply demonstrated
that there was a need to diversify our export base and move towards value
addition and product sophistication.

Highlighting Pakistan’s top growing export items to the UK, he
said that during the month of current financial year July 2020-21,
articles of apparel,accessories ,knit or crochet (fashion textile)
stood at US $ 60.57 million compared to US $46.95 million registered
during the same period of the financial year 2019-20 showing an
increase of 29 percent.

Similarly during FY July 2020-21 edible fruit, nuts, peel of citrus
fruits,melons (Food) exports stood at US $ 9.77 million compared to the
exports of same item worth US $ 5.05 million in July 2019-20 showing an
increase of 94 percent.

Likewise,other made textile articles ,sets worn clothing etc
(Home textile) export during July 2020-21 recorded US $ 65.38 million
compared to US $ 63.42 registered during the FY 2019-20 showing an
increase of 3 percent.

Similarly, he said that during July 2020-21 the export of salt
,sulphur, earth, stone ,plaster ,lime and cement export to UK from
Pakistan stood at US $1.02 million compared to export of US $ 0.62
million same period of 2019-20 depicting an increase of 65 percent.

The exports of Pakistani Aluminium and articles thereof to UK
registered US $ 0.47 million during the FY July 2020-21 compared to the
export of US $ 0.20 million during July 2019-20 showing an increase
of 141 percent.

Similarly Pakistani Toys, games ,sports requisites (Sports goods) exports to the UK during FY July 2020-21 recorded US $ 2.84 million as compared to export of US 2.57 million registered during same period of July 2019-20 showing an increase of 11 percent.

The Pakistani export of Rubber and articles thereof to UK during FY July 2020-21 stood at US $ 0.34 million compared to the exports of the items during July 2019-20 showing an increase of 243 percent.

Similarly,Pakistani vegetables,fruit, nut etc food preparation exports during July 2020-21 stood at 1.04 million compared to the exports of US $ 0.84 million same period of July 2019-20 depicting an increase of 24 percent.

Likewise ,the Pakistani exports of cereal ,flour, starch, milk preparations and products to UK during July 2020-21 registered US $ 0.49 million compared to same period of July 2019-20 showing an increase of 65 percent.

Shafiq Ahmed informed that fortunately ,Pakistan had been
given a firm commitment from the British government that, Pakistan would
continue to enjoy similar degree of market access which it was enjoying
currently under GSP plus regime.

He said that the UK Department of the International Trade
(DIT) has however also released the new UK Global Tariffs starting
from January,1,2021.