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Top 10 exports destinations for Pakistani products in 2020

Top 10 exports destinations for Pakistani products in 2020

ISLAMABAD: United States of America (USA) remained the top exportdestinations of the Pakistani products during the first half of financialyear (2020-21), followed by United Kingdom (UK) and China.

Total exports to the USA during July-December (2020-21) were recorded at US$ 2280.318 million against the exports of US $ 2074.080 million duringJuly-December (2019-20), showing growth of 9.94 percent, according to StateBank of Pakistan (SBP).

This was followed by UK, wherein Pakistan exported goods worth US $ 956.498million against the exports of US $ 863.333 million last year, showingincrease of 10.79 percent.

China was the at third top export destination, where Pakistan exportedproducts worth US $ 837.912 million during the months under review againstthe exports of US $936.858 million during last year, showing decline of10.56 percent, SBP data revealed.

Among other countries, Pakistani exports to Germany stood at US $ 748.793million against US $670.934 million during last year, showing increase of11.60 percent while the exports to UAE were recorded at US $ 697.154million against US $ 827.731 million last year, the data revealed.

During July-December (2020-21), the exports to Holland were recorded at US$516.107 million against US $502.087 million whereas the exports toAfghanistan stood at US $ 450.243 million against US $543.159 million.

Pakistan’s exports to Italy were recorded at $355.294 million against theexports of US $ 386.969 million while the exports to Spain were recorded atUS $ 362.753 million against US $ 445.086 million last year.

The exports to Bangladesh stood at US $ 274.246 million against US $369.313 million.

Similarly, the exports to France during the months under review wererecorded at US $ 212.560 million against US $ 222.013 million while theexports to Saudi Arabia stood at US $ 244.221 million against US $ 243.201million.

Pakistan’s exports to Turkey were recorded at US $ 124.498 million duringthe current year compared to US $148.465 million last year whereas theexports to Canada stood at US $ 143.398 million against US $ 143.242million, to Poland US $ 141.437 million against US $ 131.912 millionwhereas the exports to Australia stood at US $ 119.698 million during thecurrent year against US $ 99.698 million during last year.

The overall imports into the all countries increased by 4.83 percent, from$22.136 billion to $23.207 billion, according to the data.