USA, China, UK main importers of Pakistani goods
The United States of America (USA) remained the top export destinations of the Pakistani products during first half of current financial year (2019-20), followed by China and United Kingdom (UK). The three countries have been very supportive and have provided good opportunity to export our products to these countries. Without exporting to these countries it would be difficult to revive the economy and create jobs.
The total exports to the USA during July-December (2019-20) were recorded at $2074.168 million against the exports of $2018.797 million during July-December (2018-19), showing an increase of 2.74 percent during the period under review, according to State Bank of Pakistan (SBP).
This was followed by China, wherein Pakistan exported goods worth $936.858 million against the exports of $889.642 million last year, showing increased of 5.30 percent.
UK was the at third top export destination, where Pakistan exported products worth $863.347 million during the current financial year against the exports of $895.074 million during last fiscal year, showing decrease of 3.54 percent, SBP data revealed.
Among other countries, Pakistani exports to United Arab Emirates (UAE) stood at $827.731 million against $638.221 million during last year, showing increase of 29.69 percent while the exports to Germany were recorded at $670.833 million against $647.285 million last year, the data revealed.
During the first half of financial year, the exports to Afghanistan were recorded at $543.159 million against $534.654 million whereas the exports to Span stood at $445.086 million against $448.162 million.
Pakistan’s exports to Italy were recorded at $386.969 million against $379.409 million last year where as the exports to Bangladesh stood at $369.313 million against $378.193 million.
Similarly, the exports to Belgium during the current financial year were recorded at $266.187 million against $301.740 million while the exports to France stood at $222.013 million against $228.707 million.
Pakistan’s exports to Singapore were recorded at $117.594 million during the current financial year compared to $130.160 million last year whereas, the exports to Canada stood at $143.424million against $148.368 million, to Saudi Arabia $243.213 million against $151.389 million whereas the exports to India stood at $16.878 million during the financial year against $213.655 million during last year.