USA, China, UK remain top destinations of exports

ISLAMABAD, Jan 3 (APP):The United States of America (USA) remained the top export destinations of the Pakistani products during the first five months of current financial year (2021-22), followed by China and United Kingdom (UK).

Total exports to the USA during July-November (2021-22) were recorded at US $2682.695 million against the exports of US $1855.712 million during July-November (2020-21), showing growth of 44.56 percent, according to State Bank of Pakistan (SBP).

This was followed by China, wherein Pakistan exported goods worth US $1018.129 million against the exports of US $615.738 million last year, showing increase of 65.35 percent.

UK was the at third top export destination, where Pakistan exported products worth US $943.859 million during the months under review against the exports of US $773.871 million, showing growth of 21.96 percent, SBP data revealed.

Among other countries, Pakistani exports to UAE stood at US $689.538 million against US $565.423 million during last year, showing increase of 21.95 percent while the exports to Germany were recorded at US $691.170 million against US $615.544 million last year, the data revealed.

During July-November (2021-22), the exports to Holland were recorded at US $554.573 million against US $411.201 million whereas the exports to Italy stood at US $406.750 million against US $288.122 million.

Pakistan’s exports to Spain were recorded at $410.094 million against the exports of US $290.226 million while the exports to Afghanistan were recorded at US $207.407 million against US $ 368.265 million last year.

The exports to Bangladesh stood at US $316.664 million against US $219.813 million.

Similarly, the exports to France during the months under review were recorded at US $210.368 million against US $173.848 million while the exports to Belgium stood at US $291.520 million against US $214.445 million.

Pakistan’s exports to Saudi Arabia were recorded at US $164.136 million during the current year compared to US $176.101 million last year whereas the exports to Canada stood at US $159.586 million against US $114.656, to Malaysia US $150.539 million against US $71.324 million.

Overall Pakistan’s exports to all other countries witnessed an increase of 28.96 percent during the months under review, from US $9.561 billion to US $12.330 billion, the SBP data revealed.