Pakistani exports have registered some growth with periods of fluctuation from 1947-8 onward. However, the increase in the value of exports has taken place largely because of higher prices rather than larger volumes.
Since 1985-6 there has been a welcome boost in exports, Reason for this include diversification of goods and markets improved product quality, simplified export procedures, financial assistance to exporters.
Traditionally Pakistan has been an exporter of raw material. At first, the nation exported very few manufactured goods, Items like sports goods, cutlery and leather only had a small international market. Until 1954-5, manufactured goods accounted for less than 2 percent of total exports, Gradually, however, the percentage rose so that by 1958-9 it was 50 percent of total exports. Today, the share of manufactured and semi manufactured goods is 90 percent of total exports.
Cotton based exports have dominated Pakistan's export trade. From 1947-8 to 1952-3, raw cotton had the largest share. After that, cotton goods also entered the world market. Today cotton cloth, cotton yarn, ready made garments and hosiery account for more than 40 percent of total exports. The former three are usually among the top five export items. Raw cotton is exported to Japan, the United Kingdom and other EEC countries, and the Middle East. Ready made garments and hosiery are exported to the Middle East.
Rice emerged as a major export item after the secession of East Pakistan in 1971. Before that, East Pakistan used to consume the bulk of the rice crop. In 1973-4, rice became the single largest export item and maintained this position for a decade. Rice continues to be a major export. Leather, carpets and sports goods are Pakistan's other leading export items.
Since 1985-6 there has been a welcome boost in exports, Reason for this include diversification of goods and markets improved product quality, simplified export procedures, financial assistance to exporters.
Traditionally Pakistan has been an exporter of raw material. At first, the nation exported very few manufactured goods, Items like sports goods, cutlery and leather only had a small international market. Until 1954-5, manufactured goods accounted for less than 2 percent of total exports, Gradually, however, the percentage rose so that by 1958-9 it was 50 percent of total exports. Today, the share of manufactured and semi manufactured goods is 90 percent of total exports.
Cotton based exports have dominated Pakistan's export trade. From 1947-8 to 1952-3, raw cotton had the largest share. After that, cotton goods also entered the world market. Today cotton cloth, cotton yarn, ready made garments and hosiery account for more than 40 percent of total exports. The former three are usually among the top five export items. Raw cotton is exported to Japan, the United Kingdom and other EEC countries, and the Middle East. Ready made garments and hosiery are exported to the Middle East.
Rice emerged as a major export item after the secession of East Pakistan in 1971. Before that, East Pakistan used to consume the bulk of the rice crop. In 1973-4, rice became the single largest export item and maintained this position for a decade. Rice continues to be a major export. Leather, carpets and sports goods are Pakistan's other leading export items.
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