kobiraaz
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Pakistan
In absolute terms, Pakistan lost its market share by one third, whereas India has doubled its market share during the last 12 years, official data available with Dawn reveals.
In 1999, Indias share in global trade was 0.67 per cent, which scaled up to 1.28 per cent in 2011 despite global recession. Even Bangladeshs global market share in 1999 was 0.06 per cent, which now has doubled and reached to 0.14 per cent equivalent to Pakistans share.
In South Asia, experts say Bangladesh will soon clinch the title of the second biggest economy after India. The title entertained Pakistan for years, but with the tremendous increase in the exports, Bangladesh is pacing fast to replace the former.
Pakistan is the only country which has a stagnant global market share despite the fact the government has taken a range of measures for liberalising its imports regime as compared to its neighbouring countries.
Pakistans exports fell to $23.64 billion in 2011-12 from $24.82 billion in 2010-11, showing a decline of 4.75 per cent. Contrary to this, world trade expanded by five per cent in 2011 compared to 13.8 per cent growth in 2010. The data reveals that Pakistan exports to Asian countries slightly fell to $11.709 billion in 2010-11 from $11.556 billion in 2011-12, showing a decline of 1.3pc. However, the share of Asian countries in Pakistans exports stood around 47pc.
Similarly, Pakistans exports to Europe also fell to $5.957 billion in 2011-12 from $6.537 billion in 2010-11, showing a decline of 8.87 per cent. After Asia, Europe has around 26 per cent share in Pakistans total exports proceeds.
The third biggest market for Pakistans export is American region, where Pakistans exports declined to $4.227 billion in 2011-12 from $4.755 billion in 2010-11, reflecting a decline of 11 per cent. The American region has approximately 19pc share in Pakistans exports market.
After striking a free trade agreement with China, Pakistans imports from China reached to $6.61 billion in 2011-12 from $4.41 billion in 2009-10, showing an increase of 49.9 per cent.
An official said that after FTA with China, China has emerged as a major import source for Pakistan for almost all goods raw materials, industrial goods or consumer items. While Pakistans exported only $2.08 billion worth goods to China in 2011-12 as against $1.15bn in 2009-10.
Contrary to this, Afghanistan has emerged the leading export market for Pakistan where Pakistans exports increased to $2.16 billion in 2011-12 as against $1.57 billion in 2009-10, showing an increase of 38 per cent. Pakistan has no free trade agreement with Afghanistan, but exports increased manifold in the past few years negating the argument that free trade agreement increase the flows of exports.
In absolute terms, Pakistan lost its market share by one third, whereas India has doubled its market share during the last 12 years, official data available with Dawn reveals.
In 1999, Indias share in global trade was 0.67 per cent, which scaled up to 1.28 per cent in 2011 despite global recession. Even Bangladeshs global market share in 1999 was 0.06 per cent, which now has doubled and reached to 0.14 per cent equivalent to Pakistans share.
In South Asia, experts say Bangladesh will soon clinch the title of the second biggest economy after India. The title entertained Pakistan for years, but with the tremendous increase in the exports, Bangladesh is pacing fast to replace the former.
Pakistan is the only country which has a stagnant global market share despite the fact the government has taken a range of measures for liberalising its imports regime as compared to its neighbouring countries.
Pakistans exports fell to $23.64 billion in 2011-12 from $24.82 billion in 2010-11, showing a decline of 4.75 per cent. Contrary to this, world trade expanded by five per cent in 2011 compared to 13.8 per cent growth in 2010. The data reveals that Pakistan exports to Asian countries slightly fell to $11.709 billion in 2010-11 from $11.556 billion in 2011-12, showing a decline of 1.3pc. However, the share of Asian countries in Pakistans exports stood around 47pc.
Similarly, Pakistans exports to Europe also fell to $5.957 billion in 2011-12 from $6.537 billion in 2010-11, showing a decline of 8.87 per cent. After Asia, Europe has around 26 per cent share in Pakistans total exports proceeds.
The third biggest market for Pakistans export is American region, where Pakistans exports declined to $4.227 billion in 2011-12 from $4.755 billion in 2010-11, reflecting a decline of 11 per cent. The American region has approximately 19pc share in Pakistans exports market.
After striking a free trade agreement with China, Pakistans imports from China reached to $6.61 billion in 2011-12 from $4.41 billion in 2009-10, showing an increase of 49.9 per cent.
An official said that after FTA with China, China has emerged as a major import source for Pakistan for almost all goods raw materials, industrial goods or consumer items. While Pakistans exported only $2.08 billion worth goods to China in 2011-12 as against $1.15bn in 2009-10.
Contrary to this, Afghanistan has emerged the leading export market for Pakistan where Pakistans exports increased to $2.16 billion in 2011-12 as against $1.57 billion in 2009-10, showing an increase of 38 per cent. Pakistan has no free trade agreement with Afghanistan, but exports increased manifold in the past few years negating the argument that free trade agreement increase the flows of exports.