Daily Times

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

Total exports to the US during July-April (2022-23) were recorded at US$ 4990.562 million as opposed the exports of US$ 5618.857 million during July- April (2021-22), showing a decline of 11.18 percent, according to the State Bank of Pakistan (SBP). This was followed by China, wherein Pakistan exported goods worth US$ 1700.955 million compared to the exports of US$ 2342.887 million last year, showing a decrease of 27.39 percent.

UK was the third top export destination, where Pakistan exported goods worth US$ 1643.864 million during the months under review against the exports of US$ 1851.812 million during last year, showing a decline of 11.22 percent, SBP data revealed. Among other countries, Pakistani exports to Germany stood at US$ 1366.068 million against US$ 1432.029 million last year, showing a decrease of 4.60 percent while the exports to UAE were recorded at US$ 1206.639 million opposed US$ 1550.022 million last year.

During July- April (2022-23), the exports to Holland were recorded at US$ 1211.647 million against US$ 1217.163 million whereas the exports to Afghanistan stood at US$ 435.682 million against US$436.423 million. Pakistan’s exports to Italy were recorded at US$ 951.447 million against the exports of US$ 857.219 million while the exports to Spain were recorded at US$ 1154.633 million against US$ 940.808 million last year.

Whereas, the exports to Bangladesh stood at US$ 644.104 million against US$ 720.509 million. Similarly, the exports to France during the months under review were recorded at US$ 487.194 million against US$ 430.134 million while the exports to Saudi Arabia stood at US$ 404.767 million against US$ 345.720 million.

Pakistan’s exports to Turkiye were recorded at US$ 269.833 million during the current year compared to US$ 266.452 million last year whereas the exports to Canada stood at US$ 369.702 million against US$ 328.420 million, and Australia stood at US$ 254.942 million during the current year against US$ 239.333 million during last year.