ISLAMABAD-United States (US) remained the top export destination of the Pakistani products during the first two months of financial year (2022-23), followed by United Kingdom (UK) and China.
Total exports to the US during July-August (2022-23) were recorded at $1122.883 million against the exports of $1011.482 million during July- August (2021-22), showing growth of 11.01 percent, according to State Bank of Pakistan (SBP). This was followed by UK, wherein Pakistan exported goods worth $338.240 million against the exports of $350.983 million last year, showing a decrease of 3.63 percent.
China was the at third top export destination, where Pakistan exported goods worth $333.077 million during the months under review against the exports of $338.737 million during last year, showing nominal decline of 1.67 percent, SBP data revealed. Among other countries, Pakistani exports to Germany stood at $302.784 million against $265.280 million during last year, showing increase of 14.13 percent, while the exports to UAE were recorded at $244.90 million against $251.719 million last year, the data revealed. During July-August (2022-23), the exports to Holland were recorded at $257.048 million against $198.635 million whereas the exports to Afghanistan stood at $81.795 million against $95.672 million. Pakistan’s exports to Italy were recorded at $197.140 million against the exports of $162.227 million while the exports to Spain were recorded at $211.454 million against $148.161 million last year.
The exports to Bangladesh stood at $144.117 million against $ 106.415 million. Similarly, the exports to France during the months under review were recorded at $96.921 million against $79.806 million while the exports to Saudi Arabia stood at $75.154 million against $59.874 million. Pakistan’s exports to Turkiye were recorded at $62.972 million during the current year compared to $52.698 million last year whereas the exports to Canada stood at $74.329 million against $62.933 million, to Poland $65.078 million against $58.833 million whereas the exports to Australia stood at $50.089 million during the current year against $49.554 million during last year. Overall Pakistan’s exports to other countries witnessed growth of 11.34 percent in two months, from $4574.040 million to $5092.977 million, the SBP data showed.