USA, UK, China top three destinations of Pakistani exports in 11 months

ISLAMABAD, United States of America (USA) remained the top export destinations of the Pakistani products during the first eleven months of financial year (2020-21), followed by United Kingdom (UK) and China.

Total exports to the USA during July-May (2020-21) were recorded at US $ 4473.917 million against the exports of US $ 3606.152 million during July-May (2019-20), showing growth of 24.06 percent, according to State Bank of Pakistan (SBP).

This was followed by UK, wherein Pakistan exported goods worth US $ 1860.125 million against the exports of US $ 1492.228 million last year, showing an increase of 24.65 percent.

China was at third top export destination, where Pakistan exported goods worth US $ 1831.994 million during the months under review against the exports of US $1535.735 million during last year, showing growth of 19.29 percent, SBP data revealed.

Among other countries, Pakistani exports to Germany stood at US $ 1365.700 million against US $1192.779 million during last year, showing increase of 14.49 percent while the exports to UAE were recorded at US $ 1334.916 million against US $ 1465.757 million last year, the data revealed.

During July-May (2020-21), the exports to Holland were recorded at US $101.94 million against US $907.417 million whereas the exports to Afghanistan stood at US $ 895.380 million against US $826.802 million.

Pakistan’s exports to Italy were recorded at $698.860 million against the exports of US $ 691.369 million while the exports to Spain were recorded at US $ 735.868 million against US $ 807.634 million last year.

The exports to Bangladesh stood at US $551.552 million against US $ 633.787 million.
Similarly, the exports to France during the months under review were recorded at US $ 394.831 million against US $ 395.665 million while the exports to Saudi Arabia stood at US $ 429.172 million against US $ 418.866 million.

Pakistan’s exports to Turkey were recorded at US $238.686 million during the current year compared to US $260.238 million last year whereas the exports to Canada stood at US $280.550 million against US $ 250.363 million, to Poland US $ 272.420 million against US $ 232.559 million whereas the exports to Australia stood at US $ 243.832 million during the current year against US $ 184.350 million during last year.

Overall Pakistan’s exports to other countries witnessed growth of 10.31 percent in eleven months, from $20.963 billion to $23.125 billion, the SBP data showed.