The largest untapped #export potentials for #Pakistan are with #China, and with its own region, #SouthAsia, for about 13 and 12.5 billion respectively, stressing the importance #regional#integration initiatives. 3/n
#Africa's untapped potential is estimated at about US$890 million, most of it concentrated in the larger economies (Nigeria, South Africa), and in the north (Algeria, Egypt, Morocco). 4/n
On May 26th @StateBank_Pak released #Pakistan's disaggregated #trade statistics for April '21. We now have 10 months of the FY21. Some analysis in #thread below. πππ
1/n Since the turn of the century, #Pakistan has become a more inward oriented economy, with exports/GDP falling from 16 to 10%.
2/n As a result, #Pakistan's share of world markets fell from 16USD to 12USD out of every 1000USD traded between 1990 and 2019. #Bangladesh moved from 5 to 18USD in the same period. #Vietnam from 14 to 113USD!!!
Pakistan moved into a current account surplus after years of a deficit. There seems to be a debate on whether thatβs a good or a bad thing. Are CAD βbadβ? As with everything in economics, the answer is βit dependsβ. #PakThink 1/n
To understand why, letβs look at what is it that the CA balance shows. I wrote this a few years ago and can help clarify β Essentially composition of the CA balance and financing matter. #PakThink 2/n