Pakistan's exports to Switzerland surges by 45.5 per cent in 2006

ISLAMABAD — Pakistan's exports to Switzerland have risen by 45.5 per cent in 2006 over the previous year after having remained stagnant for the last many years.

By A Correspondent

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Published: Wed 7 Feb 2007, 8:21 AM

Last updated: Sat 4 Apr 2015, 9:51 PM

Official figures compiled by the commerce ministry indicated that exports rose sharply during 2006 to 67 million Swiss frank (CHF) in the year 2006 from 46 million Swiss Frank in 2005.

A positive aspect of this growth was the manifold increase in export of non-traditional items. These included ethanol, which jumped from CHF25, 400 in 2005 to CHF12 million in 2006, a surge of 47'500 per cent. Dried mushrooms and truffles were other important items whose exports increased by 153 per cent to reach CHF6.3 million.

As a result, Pakistan became the second largest supplier of these products to Switzerland after China. Textiles remained the largest exports with 50 per cent share. They increased from CHF24.9 million in 2005 to CHF33.1 million in 2006. Home textiles and clothing (other than knitwear) were the main items.

Swiss companies imported from Pakistan, selling them in Switzerland and Europe under their own brand names and designs. Rice increased by 36.5 per cent to CHF1.2 million in 2006. Leather items, especially bags and gloves, increased modestly by 5.5 per cent to CHF1.9 million, Sports goods and footwear (including gaiters and parts) both increased substantially by 72 per cent to CHF2.2 million and CHF1.2 million, respectively.

The statistics showed that in 2006, Swiss exports to Pakistan fell by 6.2 per cent to CHF336 million. The main Swiss exports to Pakistan were machinery and parts, pharmaceuticals, chemicals, watches, and electronic and other equipment. These five sectors represented over 80 per cent of exports to Pakistan.

There is a great scope that bio-products offer the best opportunity for Pakistani exporters to Switzerland, as such products are in great demand and most are imported. Some examples of products that Pakistan should consider are bio-rice, bio- mangoes or bio-cotton, giving particular attention to certification and control of bio brands and quality of products.

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