Pakistan’s furniture exports in the second half of 2020 fell 15% year on year

Pakistan’s furniture exports in the second half of 2020 fell 15% year on year

During the period from July to December 2020, Pakistan’s furniture export volume was US $1.547 million, down 14.53% from US $1.81 million in the same period of 2019.

Among them, in December 2020, the export volume of furniture was 356000 US dollars, down 25.52% compared with 478000 US dollars in the same period of 2019, and up 28% compared with 271000 US dollars in November. In contrast, COVID-19 has had a more significant impact on Pakistan’s furniture export trade throughout the year, but is now recovering rapidly.

Although Pakistan’s export of furniture was not ideal last year, its export of textile, a special industry, was quite impressive. In the second half of 2020, Pakistan’s home textile export volume will reach US $2.017 billion, up 16% year on year.

It is worth mentioning that in the second half of last year, Pakistan’s total exports of all commodities amounted to US $12.098 billion, a year-on-year increase of 4.98%. The total import value was US $24.521 billion, up 5.72% year on year. The trade deficit expanded by 6.44% year on year.

The United States, the United Kingdom and China were the main export destinations of Pakistan in this half year. Among them, Pakistan’s total export to the United States was US $2.28 billion, up 9.94% year-on-year, and its total export to China was US $838 million, down 10.56% year-on-year

Leave a Reply

Your email address will not be published. Required fields are marked *