Exports to nine countries down by 30 percent

Country's exports to nine countries, falling in the index of 40 top countries, including Saudi Arabia, UAE, Iran, Bangladesh and Afghanistan, have slumped by 30 percent in terms of value during the 2007 fiscal year (July-March).
According to statistics, provided by the Trade Development Authority of Pakistan (TDAP), the country's exports to the war-torn neighbouring Afghanistan during July to March was at the lowest.
Pakistan's exports to Afghanistan stood at 528.534 million dollars as compared to 758.589 million dollars during the same period the 2006 fiscal year. This decline is 30.33 percent or 230.055 million dollars. Saudi Arabia is the other major country where the country's exports have plunged by 14 percent in the July-March period of the 2007 fiscal year.
As the country's exports during this period of the 2007 fiscal year to Saudi Arabia were 216.048 million dollars as compared to 251.109 million dollars during the 2006 financial year.
During the 2007 fiscal year, ie July-Mach period, exports showed a decline of 35.061 million dollars in value. Decline in exports to South Korea stands third in a row by 8.49 percent during July-March period of the 2007 financial year, which amounted to 130.368 million dollars as against 142.470 million dollars during the same period of the 2006 fiscal year, denoting a slump of 12.102 million dollars.
Moreover, Iran's imports from Pakistan have dwindled by seven percent or 9.961 million dollars during the 2007 fiscal year (July-Mach period). Its imports from Pakistan stood at 130.818 million dollars during the 2007 fiscal year (March-July period) as against 140.509 million dollars during the same period of the 2006 fiscal year.
Exports to the United Arab Emirates (UAE), the second largest Pakistani goods importer after the US, decreased by 6.01 percent or 59,658 million dollars during July-March period of the 2007 fiscal year.
Pakistan's exports to the UAE remained at 933.763 million dollars during July-March period of the 2007 fiscal year as compared to 993.421 million dollars during this period of 2006 fiscal year.
Exports to Hong Kong shrank by six percent during the 2007 fiscal year (March-July) period, as exports to it stood at 473.364 million dollars against 501.415 million dollars during the same period of the 2006 fiscal year, declining by 28.051 million dollars.
Bangladesh ranks seventh in the context of exports' decline by 5.13 percent. Pakistan made exports of 186.415 million dollars to Bangladesh during the 2007 fiscal year March-July period, whereas exports to it stood at 196.505 million dollars during the same period of the 2006 fiscal year, depicting a decline of 10.090 million dollars. Exports to Japan remained down by 3.35 percent during the 2007 fiscal year (July-March).
Pakistan's exports to Japan were 97.550 million dollars against 100.935 million dollars during the same period of the 2006 fiscal year, going down by 3.385 million dollars. Yemen's imports from Pakistan plunged by 1.105 million dollars or 2.73 percent during July-March period of the 2007 fiscal year. Its imports from Pakistan stood at 39.348 million dollars as against 40.453 million dollars during the same period of the 2006 fiscal year.