Staff Reporter
Islamabad
The United States of America (USA) remained the top export destinations of the Pakistani products during the eleven months of current financial year (2019-20), followed by China and UK.
The total exports to the USA during July-May (2019-20) were recorded at US $ 3588.819 million against the exports of US $ 3727.390 million during July-May (2018-19), showing negative growth of 3.71 percent during the period under review, according to State Bank of Pakistan (SBP).
This was followed by China, wherein Pakistan exported goods worth $ 1535.454 million against the exports of $1701.506 million last year, showing decrease of 9.75 percent.
UK was the at third top export destination, where Pakistan exported products worth US $ 1491.000 million during this year against the exports of US $ 1622.887 million during last year, showing decrease of 8.12 percent, SBP data revealed.
Among other countries, Pakistani exports to United Arab Emirates (UAE) stood at US $ 1463.276 million against $ 1250.515 million during last year, showing increase of 17.01 percent while the exports to Germany were recorded at US $ 1191.297 million against US $ 1210.943 million last year, the data revealed.
During the eleven months, the exports to Afghanistan were recorded at US $ 825.663 million against US $ 1101.459 million whereas the exports to Holland stood at US $ 906.558 million against US $886.469 million. Pakistan’s exports to Spain were recorded at US $ 806.443 million against US $ 857.290 million last year where as the exports to Italy stood at US $ 690.365 million against US $ 734.932 million.
Similarly, the exports to Bangladesh during the period under review were recorded at US $ 632.888 million against US $ 690.772 million while the exports to France stood at US$ 395.755 million against US $ 412.001 million. Pakistan’s exports to Singapore were recorded at US $ 158.866 million during the current financial year compared to US $ 252.499 million last year whereas, the exports to Canada stood at US $ 250.207m against US $265.638m, to S.Arabia US $ 418.295m against US $ 305.007m whereas the exports to India stood at US$ 25.009m during the financial year against US $ 307.307 million during last year.
