SBP reveals USA, China, UK top three destinations of Pakistani exports

The US has remained the top export destinations of the Pakistani goods during the first seven months of the current financial year followed by China and the UK.

exports

According to a report revealed by the State Bank of Pakistan, The US has remained the top export destinations of Pakistani goods during the first seven months of the current financial year. The other top export destinations were China followed by the UK.

According to the report, the total exports to the US during the current fiscal year were recorded at $2,440.411 million against the exports of $2,366.163 million during the same period last year. During the FY 19-20, shipping to the US increased up to 3.13%.

Pakistan exported products worth $1,056.773 million to China against the exports of $1,038.023 million compared to the corresponding period last year, showing an increase of 1.80%.

The third top export destination was the UK, where Pakistani products worth $1,004.520 million were exported during the current financial year against the exports of $1,039.609 million during the same period last year, showing a reduction of 3.37%.

Statistics of other countries

CountryFY 20FY 19Percentage
United Arab Emirates (UAE)$984.881 million$743.474 millionincrease up to 32.47%
Germany$799.324 million$767.483 millionincrease up to 4.1%
Afghanistan$633.121 million$676.197 milliondecrease up to -6%
Holland$597.048 million$546.690 millionincrease up to 9.2%
Spain$525.942 million$533.148 milliondecrease up to -1%
Italy$463.043 million$448.649 millionincrease up to 3.2%
Bangladesh$440.909 million$452.491 milliondecrease up to -2.5%
France$257.809 million$268.514 milliondecrease up to -3.9%
Singapore$126.657 million$158.880 milliondecrease up to -2.02%
Canada$168.951 million$172.429 milliondecrease up to -2%
Saudi Arabia$278.966 million$180.161 millionincrease up to 54%
India$17.672 million$250.167 milliondecrease up to -92.9%

 

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