Best export business in Pakistan

Best export business in Pakistan is the most searched article in the field of import-export business in Pakistan. In 2021, Pakistan would have earned USD 25.304 billion through exports, according to data on Pakistan’s exports. Yet, Pakistan’s trade deficit in 2021 was USD 31 billion since its exports were much lower than its imports. Which goods does Pakistan ship abroad? Cotton textiles and garments continue to dominate Pakistan’s exports.

Best export business in Pakistan

We will list down the best export business in Pakistan.

1. Rice
2. Textile
3. Fruits & vegetables
4. Football
5. Leather goods
6. Surgical instruments
7. Salt
8. Cement

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Rice

According to the area used for sowing after cotton and wheat, rice is the third-largest crop produced in Pakistan. During the “Kharif,” or summer, we use ten Percent of Pakistan’s agricultural land to produce rice. Pakistan is leading in IRRI and basmati rice production and is a leading exporter of these items. Govt is estimating that rice production will remain near 8.3 MMT in 2020/2022.

The export of rice from July 2020 to Feb 2022 remains at 1337.89 million US dollars, which shows a downward trend concerning the same period of the last fiscal year of July 2019 to Feb 2020. So, rice is the Best export business in Pakistan.

Textile

In Asia, Pakistan ranked at 8th position for exporting textile products while it is the 4th biggest producer of cotton with 3rd position for consuming cotton. Moreover, 46 Percent of the entire manufacturing industry is based on textile products, utilizing Pakistan’s 40 Percent labor force. The textile industry has significantly contributed to Pakistan’s export sector for the last two years. Almost 61 Percent of Pakistan’s total export rely on different textile products like cotton yarn, knitwear, bedwear, readymade garments, and synthetic textile. Textile is for ever the best export business in Pakistan.

Fruits & vegetables

Pakistani vegetables and fruits are in demand worldwide. Pakistan exports vegetables and fruits to Europe, the USA, the Far East, Sri Lanka, the Middle East, and India. The main vegetables and fruits exported from Pakistan are Mangoes, Oranges, Guava, dates, Kino, Pine nuts, apples, potatoes, chilly, garlic mushrooms, and onion. The data shows that Pakistan exports a product to a single market, like Pakistan exports mangoes to Dubai, Saudi Arabia, and England.

 Moreover, fresh apples are only shipped to the Sri Lankan markets. In this condition, the customer deals with his terms and dictates you fulfil his terms. So, Pakistan needs to explore different markets for better profit and to enhance Pakistani vegetables and fruits.

FOOTBALL

The city of Sialkot in Pakistan produces more than 70 Percent of all footballs in the globe. This city will also be the source of football for the 2022 FIFA World Cup, which will be held in Doha, Qatar.

Pakistan anticipates a 62.22 Percent jump in football exports after implementing a new export strategy as  Pakistani Footballs  Used in the 2022 FIFA World Cup

Pakistan exported footballs valued at $81,351,000 between July 22 and October 22, as the Pakistan Bureau of Statistics reported. In comparison, shipments during the same time a year ago were valued at US$50,148,000.

However, sports product exports are up 32.31 Percent to 33.102 million dollars. During the same period the year before, it was $30,499,000. The total increase is equivalent to USD 2,603,000.

Leather goods

Pakistan’s leather industry is mainly exporting its products. It is the 3rd highest exporting industry after textile and rice. It has total export for the fiscal year of July 2020 to Feb 2022 of 382 million US dollars as presented by the Ministry of Commerce, Government of Pakistan. Presently, 2500 organizations are working in the leather industry (both unregistered and registered). At the same time, 800 tanneries listed produce finished leather to fulfil domestic needs and export purposes. These organizations work mainly in Pakistan’s following areas: Karachi, Multan, Sahiwal, Lahore, Kasur, Sialkot, Faisalabad, and Peshawar. 90% of the total leather goods are produced in Karachi and Sialkot only.

Additionally, experts divide the leather sector into subcategories depending on their product type: tanning, gloves, footwear, garments, and other products. The Ministry of industries regulates this industry, whereas different bodies representing this industry and acting as a connection between the industry and the government are named as follows. “Pakistan tanners association (PTA), Pakistan leather garments manufacturers & export association (PLGMEA) and Pakistan footwear manufacturing association (PFMA).”

Pakistan needs research and development in leather production urgently because leather production is decreasing due to old methods used for leather production. However, Pakistan has excess raw materials for leather production. Moreover, leather products are also a key component in the export business in Pakistan.

SURGICAL INSTRUMENTS

The surgical tools made in Pakistan are mostly of Class IIb and I.

There are many small businesses in Pakistan’s Surgical Instruments sector based in the city of Sialkot in the province of Punjab. This market has many small and medium-sized producers and a few major players. The OEM (Original Equipment Manufacturer) model predominates in this sector buyers, mostly from Germany, the UK, and the USA, place orders and provide requirements.

The German SMEs that make the world’s best surgical tools have mostly outsourced the Sialkot cluster’s production of lower-tech intermediate and finished goods. Although Pakistan’s surgical equipment business is still competitive at the low-tech end of the product spectrum, the country’s exports are heavily concentrated in a few geographic regions due to existing supply chains and the challenges associated with accessing new markets.

Three of the biggest markets for Pakistani surgical tools are the United States, Germany, and the United Kingdom. Pakistan exports about 80% of its surgical tools to 15 other nations. 

Salt

Crystalline sodium chloride, the main ingredient in food-grade salt, is a white, odorless, tasteless substance. It may be mined from the ocean floor, subsurface rock salt deposits, or extracted from natural brine. The beauty and cosmetics sector (spas, salons, massage parlors, Halotherapy), home décor and paint industries all employ salt as an intermediary in the production process.

It produces caustic soda and soda ash in the chemical industry. It is also used to prevent roadways from freezing over and as a dye in the pharmaceutical industry.

Soon, Himalayan Pink Salt will be labelled with the GI designation, boosting Pakistan Salt’s worldwide commercial prospects.

In 2020, Pakistan exported 35,1276 metric tones of salt to the rest of the globe.

Pakistan was the 12th biggest salt exporter in the world in 2020, earning $70.9M. During the same period, salt ranked as Pakistan’s 54 most exported commodity. The United Arab Emirates ($3.7M), Australia ($3.8M), Canada ($5.32M), the United Kingdom ($4.25M), and the United States ($20.5M) are Pakistan’s top salt export markets.

Germany ($1.36M), the United States ($1.47M), and the United Arab Emirates ($2.65M) were the three fastest-growing export markets for Salt of Pakistan during 2019 and 2020. Salt in another best export business in Pakistan.

Cement

Cement is a compound used to combine and harden other substances, such as gravel and sand, into a solid form. Its primary use is in developing infrastructure, including bridges, roads, and structures. The final output of the cement manufacturing process is clinkers. These are a kind of cement infused with tiny bits of coal or another fuel. They provide the fuel for a furnace’s heat source.

In 2020, cement ranked 257th in international commerce at $12.4 billion. Cement exports fell by -3.31% from $ 12.8B in 2019 to $ 12.4B in 2020. In terms of global commerce, cement trade accounts for 0.074 Percent.

Pakistan shipped $324M worth of cement in 2020, ranking it as the world’s 10th biggest exporter of cement. The same year, cement ranked Pakistan’s 18th most popular export. China ($18M), Madagascar ($27,7M), Afghanistan ($71,2M), Bangladesh ($73.2M), and Sri Lanka ($94,1M) are the top five destinations for Pakistan’s Cement exports.

The Philippines ($7M), China ($16.4M), and Sri Lanka ($25.2M) were the three fastest-growing export destinations for Cement in Pakistan during 2019 and 2020. Cement also fall in best export business in Pakistan.