Pakistani exports to China record an increase of over 69% during July-Sep period

According to statistics released by the State Bank of Pakistan (SBP) show that the value of goods exported to China stand at USD 559.153 million during the July-September period, which is an increase of 69.73%, from last year. Moreover, the statistics show that the United States, China, and the United Kingdom have remained the top export destinations for Pakistani products during this period.

ISLAMABAD, Nov 6 (APP): The United States of America (USA) remained the top export destination of Pakistani products during the first three months of the ongoing financial year (2021-22), followed by China and United Kingdom (UK).

Total exports to the USA during July-September (2021-22) were recorded at US $1565.343 million against the exports of US $1047.764 million during July-September (2020-21), showing a growth of 49.40 percent, according to the State Bank of Pakistan (SBP).

This was followed by China, wherein Pakistan exported goods worth US $559.153 million against the exports of US $329.421 million last year, showing an increase of 69.73 percent.

UK was the third top export destination, where Pakistan exported products worth the US $ 549.667 million during the months under review against the exports of US $ 427.540 million during last year, showing growth of 28.56 percent, SBP data revealed.

Among other countries, Pakistani exports to UAE stood at US $407.122 million against the US $322.459 million during last year, showing an increase of 26.25 percent while the exports to Germany were recorded at the US $406.261 million against the US $367.529 million last year, the data revealed.

During July-September (2021-22), the exports to Holland were recorded at the US $ 328.654 million against the US $ 229.277 million whereas exports to Italy stood at 252.776 million against the US $167.868 million.

Pakistan’s exports to Spain were recorded at $225.079 million against the exports of US $147.446 million while the exports to Afghanistan were recorded at the US $127.647 million against US $ 209.868 million last year.

The exports to Bangladesh stood at US $175.389 million against the US $127.487 million.

Similarly, the exports to France during the months under review were recorded at the US $119.045 million against the US $ 146 million while exports to Belgium stood the US $167.374 million against the US the 13.701 million.

Pakistan’s exports to Saudi Arabia were recorded at the US $93.22 million during the current year compared to the US $106.958 million last year whereas the exports to Canada stood at the US $91.511 million against the US $68.198 million, to Malaysia US $ 83.348 million against the US $43.922 million.

Overall Pakistan’s exports to all other countries witnessed an increase of 35.24percent during the months under review, from the US $ 5.353 billion to the US $ 7.241billion, the SBP data revealed