US, UK, China top destinations of Pak exports

United States of America (USA) remained the top export destination of the Pakistani products during the first three quarters of financial year (2020-21), followed by United Kingdom (UK) and China.

Total exports to the USA during July-March (2020-21) were recorded at $3563.734 million against the exports of $3103.817 million during July-March (2019-20), showing growth of 14.81 percent, according to State Bank of Pakistan (SBP).

This was followed by UK, wherein Pakistan exported goods worth $1507.344 million against the exports of $1281.073 million last year, showing increase of 17.66 percent.

China was the at third top export destination, where Pakistan exported products worth $1407.743 million during the months under review against the exports of $1298.531 million during last year, showing decline of 8.41 percent, SBP data revealed.

Among other countries, Pakistani exports to Germany stood at $1133.038 million against $1035.960 million during last year, showing increase of 9.37 percent, while the exports to UAE were recorded at $1085.837 million against $1246.377 million last year, the data revealed. During July-March (2020-21), the exports to Holland were recorded at $830.484 million against $776.703 million whereas the exports to Afghanistan stood at $746.328 million against $790.377 million.

Pakistan's exports to Italy were recorded at $558.624 million against the exports of $592.065 million while the exports to Spain were recorded at $595.258 million against million last year.

The exports to Bangladesh stood at $438.418 million against $574.038 million. Similarly, the exports to France during the months under review were recorded at $330.936 million against $327.842 million while the exports to Saudi Arabia stood at $365.240 million against $352.620 million.

Pakistan's exports to Turkey were recorded at $192.223 million during the current year compared to $217.662 million last year whereas the exports to Canada stood at $228.180 million against $ 210.883 million, to Poland $221.566 million against $201.458 million whereas the exports to Australia stood at $191.371 million during the current year against $153.049 million during last year.

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