USA, UK, China top 3 destinations of Pak exports in 7 months

ISLAMABAD-United States of America (USA) remained the top export destination of Pakistani products during the seven months of the financial year (2020-21), followed by United Kingdom (UK) and China. Total exports to the USA during July-January (2020-21) were recorded at $2680.250 million against the exports of $2440.386 million during July-January (2019-20), showing growth of 9.82 percent, according to the State Bank of Pakistan (SBP).

This was followed by the UK, wherein Pakistan exported goods worth $1135.303 million against the exports of $1004.505 million last year, showing an increase of 13.02 percent.

China was the at the third top export destination, where Pakistan exported products worth $1026.960 million during the months under review against the exports of $1063.818 million during last year, showing decline of 3.46 percent, SBP data revealed.

Among other countries, Pakistani exports to Germany stood at $ 873.241 million against $799.324 million during last year, showing an increase of 9.24 percent while the exports to UAE were recorded at $823.543 million against $978.474 million last year, the data revealed.

During July-January (2020-21), the exports to Holland were recorded at $617.931 million against $597.048 million whereas the exports to Afghanistan stood at $543.650 million against $633.121 million.

Pakistan’s exports to Italy were recorded at $415.005 million against the exports of $463.043 million while the exports to Spain were recorded at $439.280 million against $525.942 million last year.

The exports to Bangladesh stood at $323.229 million against $440.909 million.

Similarly, the exports to France during the months under review were recorded at $255.567 million against $257.808 million while the exports to Saudi Arabia stood at $276.108 million against $278.954 million.

Pakistan’s exports to Turkey were recorded at $147.710 million during the current year compared to $170.734 million last year whereas the exports to Canada stood at $167.059 million against $168.951 million, to Poland $167.320 million against $157.183 million whereas the exports to Australia stood at $139.947 million during the current year against $117.249 million during last year.

Overall Pakistan’s exports to other countries witnessed decline of 3.80 percent in seven months, from $14.445 billion to $13.896 billion, the SBP data revealed.