ISLAMABAD: Pakistan’s exports to Japan have jumped by 40% in the first quarter (Jan – Mar) during the current year as compared with the last quarter of 2020 i.e. (Oct – Dec).
According to trade figures released by Japan’s Ministry of Finance, the increase is more than 47% when compared to the same period last year i.e. Jan – Mar 2020, Pakistan embassy in Japan said in a press release on Monday.
This trend highlights that Pakistan is coming out of the challenges to international trade posed by the current pandemic.
Covid related limitations had brought a slight negative impact on trade between Pakistan and Japan towards the end of last year; however, Pakistan’s exports to Japan bounced back in high numbers.
As compared to exports of US$ 61.6 million in the last quarter of 2020, Pakistan has exported goods worth of US$ 86.1 million to Japan from January to March 2021, whereas exports in the same quarter last year stood at US$ 58.7 million.
This multiplying trend observed in bilateral trade is mainly associated with focused efforts of the mission to diversify the export mix of Pakistan for Japan.