China second topmost export destination of Pakistani products

Islamabad: China remained the second topmost export destination of Pakistani products during the first three months of the current financial year 2023-24.

During this period Pakistan exported goods worth US $ 633.374 million to China against the exports of US $ 501.000 million last year, showing an increase of 26.42 percent.

The United States (US) remained the top export destination of Pakistani products during the first three months of the current financial year 2023-24. United Kingdom (UK) remained third on the list.

Total exports to the US during July-September 2023 were recorded at US 1376.125 million against the exports of US $ 1658.815 million during July-September 2022, showing a decline of 17.04 percent, according to the State Bank of Pakistan (SBP).

UK was the third top export destination, where Pakistan exported products worth US $518.948 million during the months under review against the exports of US $519.948 million, SBP data revealed.

Among other countries, Pakistani exports to UAE stood at US $ 472.166 million against US $ 369.904 million last year, showing an increase of 27.64 percent while the exports to Germany were recorded at US $364.446 million against US $456.895 million last year, the SBP data said.

During the months under review, the exports to Holland were recorded at $331.860 million against $382.241 million whereas the exports to Italy stood at $299.151 million against $308.317 million.

Pakistan’s exports to Spain were recorded at $366.935 million against the exports of US $325.940 million while the exports to Afghanistan were recorded at $128.533 million against $127.157 million last year.

The exports to Bangladesh stood at US $144.506 million against US $234.144 million. The exports to France during the months under review were recorded at US $130.743 million against US $153.504 million while the exports to Belgium stood at US $136.588 million against US $197.686 million.

Pakistan’s exports to Saudi Arabia were recorded at US $149.271 million during the current year compared to US $114.849 million last year whereas the exports to Turkiye stood at US $90.272 million against US $94.998 million.