zayan674701@gmail.com
ISLAMABAD:
The United States remained the top export destination for Pakistani products during the first eleven months of the current fiscal year 2024-25, followed by China and the United Kingdom, according to data released by the State Bank of Pakistan (SBP).
Total exports to the US during July-May 2024-25 were recorded at $5,552.615 million, compared to $4,999.608 million during the same period in 2023-24, marking an increase of 11.06%.
China ranked second, with Pakistani exports amounting to $2,270.032 million, down from $2,556.126 million last year, showing a decline of 11.19%.
The United Kingdom was the third-largest export market, with exports reaching $1,985.167 million during the review period, compared to $1,863.566 million the previous year, according to SBP data.
Among other countries, exports to the United Arab Emirates were recorded at $1,979.847 million, up from $1,879.640 million last year. Exports to Germany stood at $1,549.055 million, compared to $1,383.763 million a year earlier.
Exports to the Netherlands (Holland) totalled $1,384.521 million, up from $1,275.110 million, while those to Italy were recorded at $1,046.224 million, slightly higher than last year’s $1,032.472 million.
Exports to Spain reached $1,354.836 million, compared to $1,334.277 million last year. Meanwhile, exports to Afghanistan were significantly higher, rising to $723.442 million from $511.627 million a year ago.
Exports to Bangladesh also showed growth, reaching $728.303 million compared to $599.650 million last year.
Similarly, exports to France during the review period stood at $520.389 million, up from $464.879 million, while exports to Belgium were recorded at $498.080 million, slightly lower than last year’s $506.598 million.
