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Wednesday, February 16, 2011

Pakistan's Exports/Imports

Top Imports of Pakistan:
1. Petroleum
2. Machinary
3. Iron and Steel

Top Exports of Pakistan
1. Textiles
2. Rice
3. Leather Goods

https://www.cia.gov/library/publications/the-world-factbook/geos/pk.html

Pakistan is known as the world's third largest exporter of rice. After recent floods destroyed a standing crop of rice in Pakistan, they may ship 11% less rice this year. The floods washed away 700,000 tons of rice, destroying apparently $3.3 billion worth of crops. The price of rice will go up because the farmers will not have as much rice to sell and the quantity has gone down because of the amount of crops destroyed,

http://www.bloomberg.com/news/2011-02-10/pakistan-s-rice-shipments-may-fall-11-after-floods-group-says.html