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USA, UK, China top three destinations of Pakistani exports during FY 2020-21: SBP

ISLAMABAD – The United States of America (USA) remained the top export destinations of the Pakistani products during the fiscal year (2020-21), followed by United Kingdom (UK) and China.

The total exports to the USA during July-June (2020-21) were recorded at $5029.400 million against the exports of $3915.226 million during July-June (2019-20), showing growth of 28.45 ff during the period under review, according to State Bank of Pakistan (SBP).

This was followed by UK, wherein Pakistan exported goods worth $2047.079 million against the exports of $1638.544 million last year, showing increase of 24.93 per cent.

China as the at third top export destination, where Pakistan exported products worth $2043.206 million during fiscal year under review against the exports of $1663.962 million during last fiscal year, showing growth of 22.79 per cent, SBP data revealed.

Among other countries, Pakistani exports to United Arab Emirates (UAE) stood at $1487.279 million against $1588.330 million during last year, showing decrease of 6.36 per cent while the exports to Germany were recorded at $1511.227 million against $1302.991 million, the data revealed.

During July-June (2020-21), the exports to Afghanistan were recorded at $983.295 million against $890.052 million whereas the exports to Holland stood at $1118.093 million against $982.263 million.

Pakistan’s exports to Spain were recorded at $801.778 million against $870.920 million whereas the exports to Italy stood at $773.425 million against $751.921 million.

Similarly, the exports to Bangladesh during the period under review were recorded at $615.212 million against $695.102 million while the exports to France stood at $435.453 million against $422.144 million.

Pakistan’s exports to Singapore were recorded at $183.156 million during the fiscal year compared to $178.556 million last fiscal year whereas the exports to Canada stood at $311.795 million against $270.138 million, to Saudi Arabia $465.790 million against $454.420 million whereas the exports to India stood at $3.39 million during the fiscal year against $28.644 million during last year.

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