ISLAMABAD: The United States of America (USA) remained the top export destination for Pakistani products during the first month (July) of the current financial year (2020-21), according to data released by the State Bank of Pakistan (SBP).
The country’s total exports to the US during the period under review were recorded at $336.640 million, as against the exports of $373.548 million in July 2019, showing a fall of 9.88pc.
The United Kingdom (UK) stood in the second place, as Pakistan exported goods worth $145.374 million to the country, as against the exports of $147.334 million last year, depicting a nominal decrease of 1.33pc.
The third place was taken by the United Arab Emirates (UAE), where Pakistan exported products worth $118.088 million during the month under review against the exports of $172.859 million last year (-31.68pc).
Among other countries, Pakistan’s exports to Germany dropped 0.84pc to $115.078 million ($116.081 million in July last year), while exports to China fell from $167.087 million in July 2019 to $105.830 million.
Similarly, exports to Afghanistan stood at $61.255 million ($108.642 million last year), the Netherlands $77.269 million ($85.398 million last year, Spain $48.352 million ($81.489 million last year) and Italy $54.824 million ($70.195 million last year).
Also, Pakistan’s exports to Bangladesh during the period under review were recorded at $48.309 million ($66.957 million last year), France $30.022 million ($40.700 million last July), Singapore $14.285 million ($27.155 million last year), Canada $24.177 million ($23.975 million last July), Saudi Arabia $45.207 million ($30.168 million in July 2019) and India $0.443 million ($5.564 last year).
Pakistan’s overall exports to all other countries witnessed a decline of 14.57pc during the period under review, from $2.216 billion to $1.893 billion.