US, China, UK remained top three destinations of Pakistani exporter in 11 months
The United States (US) remained the top export destination of Pakistan products during the eleven months of the current fiscal year (2022-23), followed by China and the United Kingdom (UK).
Total exports to the US during July-May (2022-23) were recorded at US$ 5481.385 million as opposed the exports of US$ 6162.991 million during July- May (2021-22), showing a decline of 11.05 percent, according to the State Bank of Pakistan (SBP).
This was followed by China, wherein Pakistan exported goods worth US$ 1891.949 million compared to the exports of US$ 2544.418 million last year, showing a decrease of 25.64 percent.
UK was the third top export destination, where Pakistan exported goods worth US$ 1806.385 million during the months under review against the exports of US$ 2011.859 million during last year, showing a decline of 10.21 percent, SBP data revealed.
Among other counties, Pakistan exports to Germany stood at US$ 1488.461 million against US$ 1574.850 million last year, showing a decrease of 5.48 percent while the exports to UAE recorded at US$ 1341.359 million opposed US$ 1632.907 million last year.
During July- May (2022-23), the exports to Holland were recorded at US$ 1324.959 million against US$ 1341.035 million whereas the exports to Afghanistan stood at US$ 478.342 million against US$494.8585 million.
Pakistan’s exports to Italy were recorded at US$ 1052.847 million against the exports of US$ 966.186 million while the exports to Spain were recorded at US$ 1270.231 million against US$ 1043.231 million last year.
Whereas, the exports to Bangladesh stood at US$ 709.049 million against US$ 783.574 million.
Similarly, the exports to France during the period under review were recorded at US$ 530.213 million against US$ 473.127 million while the exports to Saudi Arabia stood at US$ 457.113 million against US$ 376.485 million.
Pakistan’s exports to Türkiye were recorded at US$ 296.618 million during the current year composed to US$ 298.437 million last year whereas the exports to Canada stood at US$ 362.744 million against US$ 379.928 million, and Australasia stood at US$ 279.629 million during the current year against US$ 268.041 million during last year.
Sources & Courtesy: APP