Pakistan’s exports to Japan jumps by 40% during first quarter of 2021

Pakistan’s exports to Japan jumps by 40% during first quarter of 2021

Islamabad (UNA-OIC) – Pakistan’s exports to Japan have jumped by 40 percent in the first quarter (Jan-March) 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 percent when compared to the same period last year i.e. Jan-March 2020, the Pakistan embassy in Japan said in a press release on Sunday.
This trend highlights that Pakistan is coming out of the challenges to international trade posed by the current pandemic.
COVID-19 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 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.
https://www.app.com.pk/national/pakistans-exports-to-japan-jumps-by-40-percent-during-january-to-march/
 

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