Pakistan’s Exports: US Leads as Top Destination

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Pakistan’s Exports: US Leads as Top Destination

Islamabad: Pakistan's exports maintained a positive trajectory during the first five months of the current fiscal year, with the United States (US) emerging as the largest market, followed by China and the United Kingdom (UK), according to data from the State Bank of Pakistan (SBP).

Exports to the US rose by 9.29%, reaching $2.512 billion compared to $2.299 billion during the same period last year. This marks a significant increase in demand for Pakistani goods in the American market.

However, exports to China experienced a decline of 13.93%, falling to $1.053 billion from last year’s $1.224 billion. Similarly, Pakistan’s exports to the UK stood at $935 million, making it the third-largest destination for Pakistani products.

Exports to European countries grew by 8.62% during the review period, attributed to higher demand across Western, Eastern, and Northern Europe. Total exports to the European Union (EU) reached $3.866 billion, up from $3.559 billion in the same period last year.

Seeing the resurgence this year, Pakistan’s exports to the EU had dropped by 3.12% in FY24, totaling $8.240 billion, despite enjoying GSP+ status, which provides duty-free access to most European markets.

Germany was a key market within Europe, importing $707.6 million worth of goods from Pakistan. Exports to Spain and Belgium reached $600.8 million and $257.9 million, respectively, while France accounted for $230.8 million.

Pakistan’s exports to the UAE climbed to $925.5 million, up from $817.8 million last year, while exports to Saudi Arabia rose to $303.4 million from $275.6 million.

In South Asia, Pakistan exported goods worth $314 million to Bangladesh, reflecting growth compared to last year’s $242 million. Exports to Afghanistan also surged, reaching $406.7 million from $234.6 million.

Meanwhile, exports to Turkiye declined to $136.8 million compared to $158.8 million in the previous year.

Despite challenges in some markets, the overall increase in exports to major regions highlights a strengthening of Pakistan's trade ties and growing demand for its products globally. The mixed trends underscore the need for diversification and targeted strategies to sustain export momentum in the coming months.

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