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Monday, October 18, 2021

US, China, UK among top export destination for Pakistani products

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The State Bank of Pakistan in its latest data reported that the United States remained the top export destinations of the Pakistani products during first quarter of financial year (2019-20), followed by China and the United Kingdom.

The total exports to the US during July-September (2019-20) were recorded at $1053.630 million against exports of $1004.641 million during July-September (2018-19), showing an increase of 4.87 percent during the period under review, the data said.

This was followed by China, wherein Pakistan exported goods worth $438.914 million against the exports of $434.527 million last year, showing nominal growth of one percent. UK was at third top export destination, where Pakistan exported products worth $426.406 million during the current financial year against the exports of $446.744 million during last fiscal year, showing decrease of 4.55%.

Among other countries, Pakistani exports to United Arab Emirates (UAE) stood at $384.100 million against $333.843 million during last year, showing increase of 15.05 percent while the exports to Germany were recorded at $323.094 million against $333.867 million last year, the data revealed. During the first quarter of financial year, the exports to Afghanistan were recorded at $243.979 million against $299.981 million whereas the exports to Spain stood at $237.618 million against $228.286 million.

Pakistan’s exports to Bangladesh were recorded at $180.958 million against $176.142 million last year where as the exports to Italy stood at $1201.785 million against $192.845 million. Similarly, the exports to Belgium during the current financial year were recorded at $135.190 million against $150.516 million while the exports to France stood at $ 108.659 million against $114.897 million.

Pakistan’s exports to Singapore were recorded at $66.273 million during the current financial year compared to $49.363 million last year whereas, the exports to Japan stood at $49.477million against $53.781 million, to Indonesia $19.467 million against $114.009 million whereas the exports to India stood at $9.802 million during the financial year against $102.458 million during last year.

 

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Staff Writerhttps://www.thewallet.com.pk
The Wallet Team produces these stories.
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