Opportunity to Grow Exports through Himalayan Pink Salt

Pakistan is near to taking the lead in the global salt trade, as the local rock salt of Khewra is set to be registered with international trade bodies. This is a great opportunity to export salt and earn foreign exchange. Thus we have to emphasize which leading countries are importing salt and how to get export orders from these countries.

Exporting salt is a source of earning foreign income to finance imports, service debt, stabilize its currency, and overcome the persistent problem of the balance of payment deficit. Lack of investment is one of the core reasons why Pakistan’s lower growth in exports. Other reasons include higher tariff structure, unpredictable growth trends, low penetration in global markets, lack of infrastructure, and technological advancement. Furthermore, exports are also handicapped by the government’s irrational policies and complex incentives offered to the industry. Other competing Asian countries have managed growth by pursuing export-led growth strategies with high savings and investment rates, specializing in areas of competitive advantage, and resulting in rapid industrialization.

Countries Ranking in Salt Imports:

Following are the countries that are importing a large number of salt from different nations. Pakistan may earn a decent amount of revenue by exporting salt to these countries.

1. Iceland

In 2019, the country was number 1 comparing other countries in Salt Imports with 0.26 Metric Tons Per Capita. Iceland Imports from Denmark of Salt, Pure Sodium Chloride, Sea Water was US$467.58 Thousand during 2020, according to the United Nations COMTRADE database on international trade.

2. Norway

Since 2014, Norway’s Salt Imports jumped by 5.9% year on year. In 2019, the country was ranked number 2 comparing other countries in Salt Imports with 0.25 Metric Tons Per Capita.

3. Slovenia

Since 2014, Slovenia Salt Imports increased 11% year on year. In 2019, the country was number 3 among other countries in Salt Imports at 0.14 Metric Tons Per Capita. Slovenia is overtaken by Norway, which was ranked number 2 at 0.25 Metric Tons Per Capita and is followed by Belgium at 0.12 Metric Tons Per Capita.

4. Belgium

In 2019, the country was ranked number 4 among other countries in Salt Imports at 0.12 Metric Tons Per Capita.

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5. Estonia

Since 2014, Estonia Salt Imports jumped by 8.9% year on year. In 2019, the country was number 5 comparing other countries in Salt Imports with 0.1 Metric Tons Per Capita.

6. Hungary

Since 2014, Hungary Salt Imports jumped by 10% year on year. In 2019, the country was number 6 among other countries in Salt Imports at 0.1 Metric Tons Per Capita.

7. Latvia

Since 2014, Latvia Salt Imports was up 17.2% year on year. In 2019, the country was ranked number 7 comparing other countries in Salt Imports with 0.1 Metric Tons Per Capita.

8. Lithuania

Since 2014, Lithuania Salt Imports was up 13.8% year on year. In 2019, the country was number 8 comparing other countries in Salt Imports at 0.09 Metric Tons Per Capita.

9. Finland

Since 2014, Finland’s Salt Imports increased 1.7% year on year. In 2019, the country was number 9 comparing other countries in Salt Imports with 0.09 Metric Tons Per Capita.

10. Denmark

Since 2014, Denmark Salt Imports grew 8% year on year. In 2019, the country was ranked number 10 among other countries in Salt Imports with 0.08 Metric Tons Per Capita.

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How do get export orders from these countries?

Pakistan can get export orders from these countries, by communicating with the buyer and convincing them about quality and price. Many Global Trade fairs conducting within the country and abroad, we can exhibit Khewra salt to attract foreign buyers. The Commodity Board of Pakistan can play a key role in international marketing to help its members to find an international market. Salt exporting industries can have frequent contact with them for necessary sales leads to communicate.

There are many Export promotion agencies, which help Pakistan to guide proper marketing in salt exports. They also extend their services in finding salt importers. Furthermore, Pakistan government embassies extend their service in helping exporters to find an international market in their country.