USA

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29-06-2021

USA, UK, China top three destinations of Pakistani exports in 11 months

USA

United States of America (USA) remained the top export destinations of the Pakistani products during the first eleven months of financial year (2020-21), followed by United Kingdom (UK) 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 per cent, according to State Bank of Pakistan (SBP). This was followed by UK, wherein Pakistan exported goods worth $ 1860.125 million against the exports of $ 1492.228 million last year, showing an increase of 24.65 per cent. China was at third top export destination, where Pakistan exported goods worth $ 1831.994 million during the months under review against the exports of $1535.735 million during last year, showing growth of 19.29 per cent, SBP data revealed.

 

Among other countries, Pakistani exports to Germany stood at $ 1365.700 million against $1192.779 million during last year, showing increase of 14.49 per cent while the exports to UAE were recorded at $ 1334.916 million against $ 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 $ 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, to Poland $ 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 per cent in eleven months, from $20.963 billion to $23.125 billion, the SBP data showed.