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USA, UK, China remain top three export destinations

exports

KARACHI: United States of America remained the top export destinations of Pakistani products during the first eleven months of financial year 2020-21, followed by United Kingdom and China.

Total exports to the USA during July-May (2020-21) were recorded at $4473.917 million against the exports of $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, where Pakistan exported goods worth $1860.125 million against the exports of US $ 1492.228 million last year, showing an increase of 24.65 percent.

China was the third top export destination, where Pakistan exported goods worth $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, data revealed.

Among other countries, Pakistani exports to Germany stood at $1365.700 million against $1192.779 million during last year, showing an increase of 14.49 percent while the exports to UAE were recorded at $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 $101.94 million against $907.417 million whereas the exports to Afghanistan stood at $895.380 million against $826.802 million.

Pakistan’s exports to Italy were recorded at $698.860 million against the exports of $691.369 million while the exports to Spain were recorded at US $ 735.868 million against $807.634 million last year. The exports to Bangladesh stood at $551.552 million against $633.787 million.

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

Pakistan’s exports to Turkey were recorded at $238.686 million during the current year compared to $260.238 million last year whereas the exports to Canada stood at $280.550 million against $250.363 million.

The exports to Poland were $272.420 million against $232.559 million whereas the exports to Australia stood at $243.832 million during the current year against $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.

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