SBP reports top three destinations of exports of Pakistani products

SBP reports top three destinations of exports of Pakistani products. US, UK and China remain top three markets. 

SBP reports top three destinations

The US remained the top export destinations of the Pakistani products during first five months of current financial year (2019-20). Then come United Kingdom (UK) and China, respectively.

The total exports to the USA during July-November (2019-20) stood at $1744.415 million against the exports of $1698.809 million during July-November (2018-19).

It showed an increase of 2.68 percent during the period under review.

According to State Bank of Pakistan (SBP), UK stood second, wherein Pakistan exported goods worth $728.120 million against the exports of $753.054 million last year.

However, it showed decrease of 3.31 percent.

SBP reports top three destinations

China emerged the at third top export destination, where Pakistan exported products worth $727.480 million against the exports of $741.643 million during last fiscal year.

As per SBP data, it also showed nominal decrease of 1.90 percent.

Meanwhile, Pakistani exports to United Arab Emirates (UAE) stood at $663.883 million against $538.786 million during last year.

However, it showed increase of 23.21 percent while the exports to Germany stood at $533.048 million against $549.071 million last year.

During the first five months of financial year, the exports to Afghanistan were recorded at $432.465 million against $460.461 million whereas the exports to Span stood at $380.249 million against $379.083 million.

Pakistan’s exports to Italy were recorded at $324.971 million against $322.660 million last year where as the exports to Bangladesh stood at $297.676 million against $314.108 million.

Similarly, the exports to Belgium during the current financial year were recorded at $226.668 million against $252.240 million while the exports to France stood at $188.902 million against $192.340 million.

Moreover, Pakistan’s exports to Singapore recorded $109.006 million during the current financial year compared to $119.586 million last year.

The exports to Japan stood at $84.113million against $91.932 million.

To Indonesia: $32.412 million against $138.031 million. The exports to India stood at $15.518 million during the financial year against $182.207 million during last year.

GTV