US, China, and UAE top destinations for Pakistani exports during FY 2023-24
ISLAMABAD: The United States (US) remained the top export destination of Pakistani products during the fiscal year 2023-24, followed by China and the United Arab Emirates (UAE).
Total exports to the US during July-June 2023-24 were recorded at US 5,432.929 million against the exports of US $ 5,932.358 million during July-June 2022-23, showing a decline of 8.41 percent, according to the State Bank of Pakistan (SBP).
This was followed by China, wherein Pakistan exported goods worth US $2,707.225 million against the exports of US $2,025.741 million last year, showing an increase of 33.64 percent.
UAE was the third top export destination, where Pakistan exported products worth US $2,082.206 million during the year under review against the exports of US $1,475.832 million, SBP data revealed.
Among other countries, Pakistani exports to United Kingdom (UK) stood at US $2,012.643 million against US $1,968.432 million last year while the exports to Germany were recorded at US $1,512.458 million against US $1,600.413 million last year, data said.
During fiscal year 2023-24, the exports to Holland were recorded at $1,383.094 million against $1,445.738 million whereas the exports to Italy stood at $1,121.772 million against $1,151.241 million.
Pakistan’s exports to Spain were recorded at $1,449.465 million against the exports of US $1,375.019 million while the exports to Afghanistan were recorded at $554.008 million against $522.271 million last year.
The exports to Bangladesh stood at US $666.516 million against US $768.548 million.
Similarly, the exports to France during the year under review were recorded at US $507.739 million against US $570.094 million while the exports to Belgium stood at US $556.163 million against US $701.013 million.
Pakistan’s exports to Saudi Arabia were recorded at US $710.335 million compared to US $503.851 million last year whereas the exports to Turkiye stood at US $335.137 million against US $323.398 million.
Source: APP