Witnessed Improvement in Pakistan’s Agricultural Product Export

Agriculture largely contributes in Pakistan’s GDP and according to recent reports 70% of the foreign exchange earnings come from agricultural products’ export. Mainly cotton, rice, vegetables and fruits etc are exported from Pakistan. These exports have increased during last 9 months of the current fiscal year.

According to Central Intelligence Agency’s World Fact book, Pakistan’s 8.3% GDP represents the exported goods and services of Pakistan. With respect to continental perspective, 37.2% exports were towards Asia and 35.5% were towards Europe. Some smaller percentages were exported to North America of 17.8%, 6.6% to Africa and 1.4% to Latin.

Pakistan is reported shipping US $21.9 Billion worth of goods all around the world in 2017. Top ten categories include, Miscellaneous textile of cost $4 Billion (18.1% of the total export), Cotton of cost $3.5 Billion (16% of the total export), Knit clothing accessories of cost $2.5 Billion (11.5% of the total export), Clothing accessories of cost $2.5 Billion (11.3% of the total cost), Cereals of cost $1.8 Billion (8% of the total export), Leather articles of cost $632 Million (2.9% of the total export), Sugar and sugar products of cost $511.9 Million (2.3% of the total export), Optical and medical apparatus of cost $410.6 Million (1.9% of the total export), Fish of cost $406.9 (1.9% of the total export) and salt, sulphur and cement of cost $385.5 Million (1.8% of the total export). Maximum exported products are agricultural products.

Several reports have analysed the export of Pakistan and concluded that the export should be more than the current export to have greater impact on food trade deficit.