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Commerce Ministry notes over $2bn monthly exports for 6th months

Commerce Ministry notes over $2bn monthly exports

Commerce Ministry notes over $2bn monthly exports for 6th months consecutively.

The ministry of Commerce stated on Friday for the first time, exports have crossed the $ 2 billion mark for six consecutive months after 2011.

Commerce Ministry notes over $2bn monthly exports

While comparing tp to $ 2,068 million in February 2021, the ministry noted exports in March 2021 increased to $2,345 million.

According to its press release, this shows an increase of 13.4 percent in local export.

Adviser to Prime Minister on Commerce and Investment, Abdul Razaq Dawood held a consultative meeting.

They reviewed the trade trends at the Ministry of Commerce.

Officials informed that according to the provisional (pre-PBS) figures, monthly exports in March 2021 have been the highest since March 2011.

Furthermore, they informed that since there was a lockdown in March 2021, hence the overall increase in export of 29 percent over March 2020 was misleading.

Meanwhile, they briefed that in March 2021, an increasing trend has been witnessed in the export of value-added and non-traditional products. e.g. the exports of Cement increased by 61 percent, Home Textiles (34 percent), Men and Women Garments (29 percent), Rice (10 percent), Fruits and Vegetables, (54 percent) and Meat (47 percent) compared to March 2020.

Meanwhile, Adviser Abdul Razak Dawood said the country’s exports have reached over 18 billion dollars in the nine months.

In a tweet on Thursday, he stated this.

GTV

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