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.
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.