USA, UK, China top three export destinations for Pakistani products

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ISLAMABAD: The United States of America (USA) remained the top export destinations for Pakistani products during the first seven months of the current fiscal year, followed by United Kingdom (UK) and China.

The total exports to the USA during July-January (2018-19) were recorded at $2363.579 million against the exports of $2236.507 million during July-January (2017-18), showing an increase of 5.68 per cent during the period, according to State Bank of Pakistan (SBP).

This was followed by UK, wherein Pakistan exported goods worth $1038.693 million against the exports of $1010.179 million last year, showing growth of 2.82 per cent.

China was the third largest export destination for Pakistani products with Pakistan exporting $1031.816 million worth of products during the current fiscal year against the exports of $978.887 million during last fiscal year, showing increase of 5.4 per cent, SBP data revealed.

Among other countries, Pakistani exports to Germany stood at $766.825 million  against $809.421 million during last year, showing decline of 5.2 per cent while the exports to Afghanistan were recorded at $676.335 million against $845.068 million last year, the data revealed.

The export to United Arab Emirates (UAE) was recorded at $596.619 million against $619427 million whereas export to Netherlands was recorded at $545.384 million against $437.204 million last year.

During the period under review, the export to Spain was recorded at $532.829 million against $544.694 million whereas the export to Italy stood at $448.194 million against $422.696 million.

Pakistan’s export to Bangladesh was recorded at $451.183 million against $378.801 million last year where as the export to Belgium stood at $356.712 against $364.539 million and export to France stood at $268.500 million against $260.044 million.

Similarly, the export to India during the period under review was recorded at $249.840 million against $240.073 million while the export to Saudi Arabia stood at $179.851 million against $191.662 million.

Pakistan’s export to Indonesia was recorded at $162.224 million during the current fiscal year compared to $939.58 million last year and the export to Singapore stood at $156.999 million against $158.231 million.

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