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Home Business & Stock

US, China and UK remain top 3 destinations of Pakistani exports

APP by APP
January 14, 2025
Reading Time: 1 min read

The United States (US) continued to be the leading export destination for Pakistani products during the first five months of the current fiscal year, followed by China and the United Kingdom (UK).

Total exports to the US during this period amounted to $2,512.809 million, compared to $2,299.165 million last year, reflecting a 9.29% increase, according to the State Bank of Pakistan (SBP).

However, exports to China saw a decline of 13.93%, with goods worth $1,053.161 million exported in FY25, down from $1,223.702 million in the previous year.

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The UK remained one of Pakistan’s top export destinations, with exports reaching $935.018 million, as per SBP data.

In FY24, Pakistan’s exports to the European Union (EU) dropped by 3.12% to $8.240 billion, despite the country’s GSP+ status, which allows duty-free access to most European markets.

Among other regions, Pakistan’s exports to the UAE rose to $925.594 million, compared to $817.848 million last year, while exports to Saudi Arabia increased to $303.421 million from $275.619 million.

In South Asia, Pakistan exported goods worth $313.998 million to Bangladesh, up from $241.960 million last year. Exports to Afghanistan also rose to $406.67 million from $234.563 million.

 

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