36 C
Lahore
Sunday, August 14, 2022
Search
Generic filters
HomeBusinessUS, China, UK remain top export destinations in first quarter

US, China, UK remain top export destinations in first quarter

The United States, China and United Kingdom (UK) remained the top three export destinations of Pakistani products during the first quarter (July-September) of the current financial year 2021-22.

According to the data released by the State Bank of Pakistan (SBP), the US remained the top export destination of the Pakistani products and total exports were recorded at $1,565.343 million against the exports of $1,047.764m during July-September (2020-21), showing growth of 49.4 percent.

- Advertisement -

This was followed by China, wherein Pakistan exported goods worth $559.153m against the exports of $329.421m last year, showing an increase of 69.73 percent. The UK was the third top export destination, where Pakistan exported products worth $549.667m during the months under review against the exports of $427.540m during last year, showing a growth of 28.56 percent. About shipments to other countries, Pakistani exports to UAE stood at $407.122m against $322.459m during last year, showing an increase of 26.25 percent while the exports to Germany were recorded at $406.261m against $367.529m last year, the data revealed.

During July-September 2021-22, the exports to Holland were recorded at $328.654m against $229.277m, whereas the exports to Italy stood at $252.776m against $167.868m. Pakistan’s exports to Spain were recorded at $225.079m against the exports of $147.446m, while the exports to Afghanistan were recorded at $127.647m against $209.868m last year. The exports to Bangladesh stood at $175.389m against $127.487m. Similarly, the exports to France during the months under review were recorded at $119.045m against $91.146m, while the exports to Belgium stood at $167.374m against $13.701m. Pakistan’s exports to Saudi Arabia were recorded at $93.22m during the current year compared to $106.958m last year, whereas the exports to Canada stood at US $91.511m against $68.198m, to Malaysia $83.348m against $43.922m.

Overall Pakistan’s exports to all other countries witnessed an increase of 35.24 percent during the months under review, from $5.353 billion to $7.241b, said the central bank data.

Advertisement

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Top news

Related articles