ISLAMABAD: The United States of America (USA) remained the top export destination for Pakistani products during the first seven months of the current financial year F20, followed by China and the United Kingdom (UK).
Total exports to the USA during July-January (2019-20) were recorded at $2,440.411 million against the exports of $2,366.163 million during July-January FY19, showing an increase of 3.13 per cent, according to the State Bank of Pakistan (SBP).
This was followed by China, wherein Pakistan exported goods worth $1,056.773 million during 7MFY20 against the exports of $1038.023 million in the corresponding period of last year, showing a nominal increase of 1.80pc.
The UK remained third top export destination, where Pakistan exported products worth $1,004.520 million during the current financial year against the exports of $1,039.609 million during last fiscal year, showing a decrease of 3.37pc, the SBP data revealed.
Among other countries, Pakistani exports to the United Arab Emirates (UAE) stood at $984.881 million against $743.474 million worth exports during last year, showing an increase of 32.47pc, while the exports to Germany were recorded at $799.324 million against the exports of $ 767.483 million last year.
During the first seven months of FY20, the exports to Afghanistan were recorded at $633.121 million against the exports of $676.197 million of FY19, whereas the exports to Holland stood at $597.048 million against the exports of $546.690 million.
Pakistan’s exports to Spain were recorded at $525.942 million against the exports of $533.148 million last year, while the exports to Italy stood at $463.043 million against $ 448.649 million.
Similarly, the exports to Bangladesh, during the first seven months of the current financial year, were recorded at $440.909 million against the exports of $452.491 million in previous financial year, while the exports to France stood at $257.809 million against $ 268.514 million.
Pakistan’s exports to Singapore were recorded at $126.657 million during the current financial year compared to $158.880 million last year, whereas the exports to Canada stood at $168.951 million against $172.429 million.
The exports to Saudi Arabia were recorded at $278.966 million during 7MFY20 against the exports of $180.161 million during 7MFY19, whereas the exports to India stood at $17.672 million during the financial year against the exports of $250.167 million during last year.
