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Sunday, April 14, 2024  
05 Shawwal 1445  

US, China, UK remain top destinations for Pakistani exports during Jul-Feb

Exports to US during July-Feb 2023-24 shows 10.8% decline compared to exports in same period in last year
Reuters/File
Reuters/File

The US remained the top export destination of Pakistani products during the first eight months of the current financial year 2023-24, followed by China and the United Kingdom.

Total exports to the US during July-February 2023-24 were recorded at $3,626.141 million against the exports of $4,046.337 million during July-February 2022-23, showing a decline of 10.38 per cent, according to the State Bank of Pakistan.

This was followed by China, wherein Pakistan exported goods worth $1,895.720 million against the exports of $1,334.804 million last year, showing an increase of 42.02 per cent.

The UK was the third top export destination, where Pakistan exported products worth $1,351.008 million during the months under review against the exports of $1,329.990 million, the SBP data shows.

Among other countries, Pakistani exports to UAE stood at $1,337.487 million against $945.280 million last year, showing an increase of 41.49 per cent while the exports to Germany were recorded at US $983.798 million against $1,141.819 million last year.

During July-February, the exports to Holland were recorded at $907.791 million against $983.417 million whereas the exports to Italy stood at $733.792 million against $759.361 million.

Pakistan’s exports to Spain were recorded at $966.955 million against the exports of $923.853 million while the exports to Afghanistan were recorded at $319.887 million against $346.522 million last year.

The exports to Bangladesh stood at $421.939 million against $525.017 million.

Similarly, the exports to France during the months under review were recorded at $336.790 million against $393.592 million while the exports to Belgium stood at $363.911 million against $469.830 million.

Pakistan’s exports to Saudi Arabia were recorded at $442.822 million during the current year compared to $300.613 million last year whereas the exports to Turkiye stood at $233.112 million against $207.245 million.

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SBP

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