ONE HOMES LOGO BLACK cropped
  • Our Projects
  • About Us
  • Testimonials
  • Beyond
  • Careers
Schedule a Call
Schedule a Call

Export Soared: A Year-End Triumph in Trade

1 January, 2024
Table of Contents

    In a resounding testament to Pakistan’s economic resilience, the first 20 days of December 2023 marked an outstanding year-on-year surge in exports, soaring to $479 million at an impressive growth rate of 33.1%. Minister of Commerce Dr. Gohar Ejaz hailed these positive trade figures as a testament to Pakistan’s enduring strength.


    “We will continue to work towards enabling our exporters and finding new destinations for exports,” stated Minister Ejaz, highlighting the commitment to sustained growth. Conversely, imports during the same period experienced a substantial decrease of $405 million, reflecting a notable -12.8% reduction.

     

    This positive trend contributed to a remarkable $884 million improvement in the balance of trade for December 2023. Cumulatively in FYTD (July 01, 2023, to December 20, 2023), Pakistan’s exports reached $14 billion, showcasing a remarkable year-on-year increase of $709 million, reflecting a substantial 5.3% improvement.

     

    Import figures during the same period dropped to $24.3 billion from $29.2 billion in FY-2022, marking a notable year-on-year decrease of $4.9 billion. This resulted in a significant year-on-year improvement in the balance of trade by $5.6 billion.

     

    Sector-wise, agricultural and food exports witnessed an extraordinary 109.2% year-on-year increase, totaling $574.6 million. The textile and manufacturing & engineering sectors demonstrated a commendable 15% year-on-year increase in exports during the same period.

     

    Top export destinations, including Indonesia, the United Arab Emirates, Madagascar, and China, witnessed significant growth. Minister Dr. Gohar Ejaz expressed confidence in the continuation of this upward trend, emphasizing the Ministry’s commitment to fostering a conducive environment for trade and economic growth.

     

    These achievements underscore Pakistan’s resilience and competitiveness in the global market, marking a triumphant conclusion to the year in trade dynamics.

    Book A Call Now

    Recent News

    Luxury Real Estate in Pakistan: Global Trends Shaping a New Lifestyle Market
    Luxury Real Estate in Pakistan: Global Trends Shaping a New Lifestyle Market
    02 September, 2025
    Luxury real estate is evolving fast. Buyers are no longer looking only at size or address; they want homes...

    Pakistan Railway Investments Drive Economic Growth
    Pakistan Railway Investments Drive Economic Growth
    01 September, 2025
    Pakistan’s railways are entering a new chapter. In 2025, three landmark projects have been announced: a $400...

    Pakistan’s Textile Exports Gain Momentum with New Policy Push
    Pakistan’s Textile Exports Gain Momentum with New Policy Push
    29 August, 2025
    Textiles have always been Pakistan’s anchor industry. From cotton picking to modern stitching floors, it...

    One Homes
    X
    PAGES
    • Insights
    • News & Media
    • Blog
    PROJECTS
      Subscribe to Newsletter

      © 2025 All rights reserved​

      SMS Privacy Policy

      •

      Privacy Policy

      •

      Cookie policy

      One Homes Logo White cropped
      • Our Projects
      • Our Partners
      • About Us
      • Testimonials
      • News & Media
      • Careers
      • Our Offices
      • Blog

      Subscribe To Newsletter

      LONDON

      HOUSTON

      DUBAI

      ISLAMABAD

      KARACHI