Pakistan’s exports to Malaysia have risen by 6.15 percent according to trade figures available for the period January-October 2012. Statistics from January till October, 2012, depict Pakistan has exported goods worth $232.81 million to Malaysia, registering a growth of 6.15 percent or $13.48 million over the $219.33 million exports in the corresponding period last year.
During both years, rice stood as the highest contributor and a major export to Malaysia, contributing to 25 percent ($54.08 million) of the total exports in 2011 and 29 per cent ($66.51 million) of the total exports in 2012, a press release issued by the Pakistan High Commission in Kuala Lumpur said.
From January to October 2012, the export of bed-linen increased by 13.96 per cent ($0.62 million), electrical appliances by 76.15 percent ($1.42 million), rice by 22.97 percent ($12.42 million), potatoes by 164.14 per cent ($3.15 million), maize by 58.88 percent ($14.36 million) and fish by 21.94 percent ($2.19 million). However, the exports of onion decreased by 94.93 percent ($15.68 million), cotton yarn by 28.73 per cent ($5.03 million), parts and accessories by 27.95 percent ($0.35 million) and woven fabrics by 6.47 percent ($0.27 million) in the same period.
Pakistan exports a number of goods to Malaysia, including fish, potatoes, onion, rice, maize, cotton yarn, woven fabrics and synthetic staple fibre, bed-linen, electrical apparatus for line telephony and parts and accessories. Pakistan also imports palm oil, electrical and electronic equipment, machinery, chemicals, rubber, wood, synthetic filament yarn, insecticides, automatic data processing machines and parts and accessories from Malaysia. However, the overall imports from Malaysia to Pakistan have decreased from $2.12 billion to $1.6 billion by 24.58 percent.
Palm oil was the major import from Malaysia in both years, standing at $1.65 billion in 2011 and $1.12 billion in 2012.
