USA, China, UK remain top 3 destinations of Pak exports
ISLAMABAD – United States remained the top export destination of Pakistani products during the eleven months of fiscal year (2021-22), followed by China and United Kingdom (UK).
Total exports to the USA during July-May (2021-22) were recorded at $6158.171 million against the exports of $4475.232 million during July- May (2020-21), showing a growth of 37.60 percent, according to State Bank of Pakistan (SBP) data. This was followed by China, wherein Pakistan exported goods worth $2543.235 million against the exports of $1832.649 million during last year, showing an increase of 38.77 percent. UK was the at third top export destination, where Pakistan exported products worth $2011.339 million during the months under review against the exports of $1861.204 million, showing growth of 8.06 percent, SBP data revealed.
Among other countries, Pakistani exports to UAE stood at $1681.026 million against $1335.842 million during last year, showing an increase of 25.84 percent while the exports to Germany were recorded at $1572.758 million against $1367.422 million last year, the data showed. During July-May (2021-22), the exports to Holland were recorded at $1328.871 million against $1010.262 million whereas the exports to Italy stood at $964.469 million against $699.770 million.
Pakistan’s exports to Spain were recorded at $1042.651 million against the exports of $735.811 million while the exports to Afghanistan were recorded at $494.080 million against $895.399 million during last year. The exports to Bangladesh stood at $783.469 million against $551.712 million, showing growth of 42 percent, according to SBP data. Similarly, the exports to France during the months under review were recorded at $473.083 million against $394.877 million while the exports to Belgium stood at $648.251 million against $519.940 million.
Pakistan’s exports to Saudi Arabia were recorded at $376.371 million during the current year as compared to $429.445 million last year whereas the exports to Canada stood at $362.753 million against $280.909, to Malaysia $387.489 million against $212.770 million. Overall Pakistan’s exports to all countries also witnessed an increase of 26.73 percent in eleven months, from $23.146 billion to $29.333 billion, the SBP data said.