US, UK, China top three destinations of Pakistani exports in 1st half

United States of America (USA) remained the top export destinations of the Pakistani products during the first half of financial year (2020-21), followed by United Kingdom (UK) and China.

Pakistani exports in 1st half 2020-21

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 during July-December (2019-20), showing growth of 9.94 percent, according to State Bank of Pakistan (SBP).

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

China was the at third top export destination, where Pakistan exported products worth US $ 837.912 million during the months under review against the exports of US $936.858 million during last year, showing decline of 10.56 percent, SBP data revealed.

Among other countries, Pakistani exports to Germany stood at US $ 748.793 million against US $670.934 million during last year, showing increase of 11.60 percent while the exports to UAE were recorded at US $ 697.154 million 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 to Afghanistan stood at US $ 450.243 million against US $543.159 million.
Pakistan’s exports to Italy were recorded at $355.294 million against the exports of US $ 386.969 million while the exports to Spain were recorded at US $ 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 were recorded at US $ 212.560 million against US $ 222.013 million while the exports to Saudi Arabia stood at US $ 244.221 million against US $ 243.201 million.

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