Economics & Business

Exports to Malaysia recorded 81% increase in first half of 2010

ISLAMABAD: Pakistan’s exports to Malaysia recorded a healthy increase of 81 per cent with exports of RM 352 million in the first six months of this year compared to RM 194 million in the corresponding period of 2009 with rice and onion being the biggest contributors. According to the latest data obtained from Malaysian Trade Development Authority (MARTRADE), the rice made up more than half of the total exports with an export of RM 188 million compared to RM 46 million of last year registered a robust growth of 307 per cent.

The data further revealed that onion with an export of RM 12 million registered robust growth compared to exports of RM 0.17 million in the corresponding period of last year. In the same period, Maize with an export of RM 6 million compared to the RM 3.7 million recorded a robust growth of 61%, cotton yarn with an export of RM 20.2 million compared to RM 10.5 million registered an increase of 92.2 per cent and bed linen with an export of 1.4 million compared to 0.68 million recorded an increase of 105 per cent.

The Malaysian exports to Pakistan also registered a robust growth of 13.57 per cent with total exports of RM 3.22 billion compared to RM 2.84 billion of first six months of last year. Palm oil with an export of RM 2.41 billion compared RM 1.97 billion with growth of 22.59%, natural rubber with an export of RM 31.8 million compared to RM 15.95 million with an increase of 99.33 per cent remained the first and second largest contributors.

Automatic data processing machines with an export of RM 35.2 million compared to 21.46 million with an increase of 64.08 per cent, part and accessories with an export of RM 38.28 million compared to RM24.62 million with an increase of 56.28 per cent were amongst the leading exports. However, Pakistan exports of fish, potatoes, woven fabric synthetic staple fibre, electric appliance of line telephony to Malaysia registered decline of 54.67 per cent, 11.23 per cent, 40.15 per cent and 59.90 per cent respectively.

On the other and Malaysian exports of insecticides and synthetic filament yarn registered a decline of 35.72 per cent and 35.02 per cent respectively.While commenting upon the data, the High Commissioner for Pakistan in Malaysia, Masood Khalid said that although the robust growth in the bilateral trade reflects the ever growing business and trade ties between the two countries due to FTA signed between the two countries in November, 2007, the decline in exports of fish, potatoes, woven fabric synthetic staple fibre, electric appliance of line telephony was a source of concern.

He urged the Malaysian importers to consider importing non traditional items, such as cutlery, surgical instruments, gems and jewelry, sports goods, light engineering goods, marble products computer software products, fruits and fruit products, vegetables and meat and meat based products which are known the world over due to their high quality and price competitiveness.

He also urged the Pakistan exporters to improve the efficiency of their supply chain, quality of their products and make proactive efforts to forge partnership arrangements with Malaysian importers to make a permanent place in growing Malaysian market.-NNI

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Mian Ahsan Liaqat

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