Daily Times

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

Total exports to the US during July-January (2022-23) were recorded at US$ 3567.699 million against the exports of US$ 3862.370 million during July- January (2021-22), showing a decline of 7.62 percent, according to the State Bank of Pakistan (SBP). This was followed by China, wherein Pakistan exported goods worth US$ 1194.606 million against the exports of US$ 1589.211 million last year, showing a decrease of 24.83 percent.

UK was the third top export destination, where Pakistan exported goods worth US$ 1163.736 million during the months under review against the exports of US$ 1309.990 million during last year, showing a decline of 11.16 percent, SBP data revealed. Among other countries, Pakistani exports to Germany stood at US$ 101.323 million against US$ 992.295 million last year, showing an increase of 1.81 percent while the exports to UAE were recorded at US$ 821.303 million against US$ 997.191 million last year.

During July- January (2022-23), the exports to Holland were recorded at US$ 862.817 million against US$ 805.293 million whereas the exports to Afghanistan stood at US$ 285.177 million against US$257.888 million. Pakistan’s exports to Italy were recorded at US$ 661.960 million against the exports of US$ 569.865 million while the exports to Spain were recorded at US$ 808.987 million against US$ 606.255 million last year.

Whereas, the exports to Bangladesh stood at US$ 479.756 million against US$ 483.293 million. Similarly, the exports to France during the months under review were recorded at US$ 346.694 million against US$ 298.016 million while the exports to Saudi Arabia stood at US$ 256.965 million against US$ 228.243 million. Pakistan’s exports to Turkiye were recorded at US$ 186.047 million during the current year compared to US$ 180.278 million last year whereas the exports to Canada stood at US$ 273.202 million against US$ 222.802 million, and Australia stood at US$ 173.110 million during the current year against US$ 159.812 million during last year.