Pakistan'S Textile Exports To Saudi Arabia And Bosnia Failed To Grow.
In terms of market share, Pakistan
Spin
Exports to Saudi Arabia and Bosnia failed to grow, although these countries provided low tariffs for Pakistan's textile products.
Saudi Arabia provides a 5% tariff for Pakistan's textiles, while Bosnia provides a 15% tariff for Pakistan's textiles. However, in order to maximize market share, we still need to wait for some sincere measures by the government.
Saudi Arabia's total textile imports amount to $3 billion 600 million a year, while Pakistan's share of Saudi Arabia's market is US $51 million 700 thousand.
Saudi Arabia imports oak from Pakistan's main textiles, including baby garments, while Pakistan has very little capacity in this area.
Pakistan
Other major exports to Saudi Arabia are tents and towels. The annual export volume of tents reaches US $4 million 230 thousand, and the export of towel reaches US $3 million 500 thousand.
According to official sources, Pakistan's textile exporters have huge room to increase their market share, and the current share is only 1.4%.
The trade consultation initiated by the Ministry of Commerce will help to increase trade relations and increase exports to Saudi Arabia.
In addition, Bosnia imports $500 million annually in textiles, while imports from Pakistan are only $2 million 600 thousand.
The Ministry of Commerce of Pakistan has prepared a list of 115 items, including 56 categories of textile items, which will be discussed with Bosnia.
The Ministry of textiles has proposed that once the consultation has entered a positive track, the Ministry of Commerce will consider giving the same tariff concessions to Bosnia as the volume of trade has already been made by the textile sector.
In the past few years, Pakistan's textiles
Exporter
Missing orders from several countries are due to the energy crisis. The energy crisis has had a negative impact on Pakistan's exports. Exporters are currently considering purchasing from India, China and Bangladesh.
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