US, UK, China remain Pakistan’s top export destinations

The United States (US) has maintained its position as the top export destination for Pakistani products during the first five months of the current financial year (2019-20).

According to the data released by the State Bank of Pakistan (SBP), the total exports to the US during July-November FY20 were recorded at $1,744.415 million, as against exports of $1,698.809 million during July-November FY19, showing an increase of 2.68pc.

This was followed by the UK, where Pakistan exported goods worth $728.120 million during the period under review, as against exports of $753.054 million last year, a decrease of 3.31pc.

China was the third top export destination for Pakistan, as the country exported products worth $727.480 million to China in 5MFY20, as against exports of $741.643 million last year, depicting a nominal decrease of 1.90pc.

Article continues after this advertisement

Among other countries, Pakistani exports to United Arab Emirates (UAE) stood at $663.883 million during the first five months of FY20 ($538.786 million in 5MFY19), while exports to Germany were recorded at $533.048 million ($549.071 million last year).

During the period under review, exports to Afghanistan were recorded at $432.465 million ($460.461 last year), exports to Spain stood at $380.249 million ($379.083 million last year), exports to Italy were recorded at $324.971 million ($322.660 million last year), Bangladesh $297.676 million ($314.108 million last year), Belgium $226.668 million ($252.240 million last year), France $188.902 million ($192.340 million last year), Singapore $109.006 million ($119.586 million last year), Japan $84.113 million ($91.932 million last year) Indonesia $32.412 million ($138.031 million last year, whereas exports to India stood at $15.518 million ($182.207 million last year).

- Advertisement -
- Advertisement -

Must Read

Emirates extends suspension on flights from Pakistan till Aug 7

UAE national carrier Emirates has again extended flight suspension from Pakistan and other South Asian countries till August 7. Emirates, in its latest advisory stated:...