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Pakistani Exports US Maintains Top Spot

Pakistani Exports US Maintains Top Spot
Photo Express Tribune

Pakistani Exports US Maintains Top Spot

During the first five months of the current financial year 2023-24, the United States retained its position as the top export destination for Pakistani products, with total exports amounting to $2296.424 million. This represents a decline of 11.90% compared to the same period in the previous fiscal year, where exports to the US were $2606.612 million.

Following the US, China and the United Kingdom (UK) secured the second and third spots, respectively. Pakistan’s exports to China experienced significant growth, reaching $1223.532 million, a 39.44% increase from the previous year. The UK was the third-largest export destination, with exports totaling $862.397 million, slightly lower than the $874.066 million recorded in the same period last year.

Other notable export destinations for Pakistan included the United Arab Emirates (UAE) with exports valued at $817.993 million, reflecting a notable increase of 33.02%. Additionally, exports to Germany amounted to $612.276 million, down from $746.055 million in the previous year.

Holland also featured among the top countries, with exports totaling $559.819 million during the July-November period. Despite facing a decline in exports to the US, the overall diversification of export destinations signals resilience and opportunities for growth in Pakistan’s trade landscape.

#Pakistan #News #Export

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