US, UK, China top three destinations of Pakistani exports in four months

Author: APP

The United States (US) remained the top export destination of Pakistani products during the first four months of the current fiscal year (2022-23), followed by the United Kingdom (UK) and China.

Total exports to the US from July-October (2022-23) were recorded at US$ 2132.689 million against the exports of US$ 2096.444 million during July- October (2021-22), showing growth of 1.72 percent, according to the State Bank of Pakistan (SBP). This was followed by the UK, wherein Pakistan exported goods worth US$ 685.614 million against the exports of US$ 745.751 million last year, showing a decrease of 8.06 percent.

China was the third top export destination, where Pakistan exported goods worth US$ 678.386 million during the months under review against the exports of US$ 763.572 million during last year, showing a decline of 11.15 percent, SBP data revealed.

Among other countries, Pakistani exports to Germany stood at US$ 605.778 million against US$ 536.227 million last year, showing an increase of 12.91 percent while the exports to UAE were recorded at US$ 499.040 million against US$ 532.488 million last year.

During July-October (2022-23), the exports to Holland were recorded at US$ 564.836 million against US$ 437.312 million whereas the exports to Afghanistan stood at US$ 176.019 million against US$158.721 million. Pakistan’s exports to Italy were recorded at US$ 401.020 million against the exports of US$ 327.871 million while the exports to Spain were recorded at US$ 450.245 million against US$ 316.495 million last year.

Whereas, the exports to Bangladesh stood at US$ 294.859 million against US$ 244.324 million. Similarly, the exports to France during the months under review were recorded at US$ 209.851 million against US$ 163.961 million while the exports to Saudi Arabia stood at US$ 147.053 million against US$ 127.196 million.

Pakistan’s exports to Turkiye were recorded at US$ 118.416 million during the current year compared to US$ 103.683 million last year whereas the exports to Canada stood at US$ 163.221 million against US$ 125.404 million, and exports to Poland were US$ 120.988 million against US$ 112.263 million whereas the exports to Australia stood at US$ 101.225 million during the current year against US$ 90.823 million during last year.

Overall Pakistan’s exports to other countries witnessed a growth of 2.59 percent in four months, from US$ 9576.107 million to US$ 9825.020 million, the SBP data showed.