Country's exports to its traditional markets North America, European Union and Middle East remained marginal in first eight months of current financial year, region-wise export figures said. Although Pakistan could not post high growth in its export to these markets.
However, there was impressive growth to some non-traditional markets but due to low volumes of export to these regions, the growth could not boost the overall exports much.
According to details, the overall exports to traditional markets like North America increased by 2.8 percent whereas exports were up by only 3.5 and 8.6 percent to its other major trading partners Middle East and European Union (EU) respectively.
On the other hand, the growth to its non-traditional markets was quite encouraging and impressive as there was increase of 43 percent to South America, 54 percent to Central America and 21 percent to Eastern European region during the first eight months of current financial year.
The export figures suggest that export of the country to African market was almost negligible, as there was only 0.54 percent growth in its export to countries of Africa. Whereas there was 7.3 percent decline in export to Asian countries other than the Middle East during the period under review and export dipped by 6.7 percent in Oceania region in this period.
The country-wise exports also showed mixed trend during the first eight months of current financial year. A quick look on country-wise export shows that the exports to USA, the major trading partner of Pakistan was up by 8.2 percent during this period.
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