US the top exporter of Pakistani products in current fiscal year

Islamabad: During the first two months of the current financial year, the United States has been the top exporter of Pakistani products.

According to the data, Pakistan exported the most products to the United States, followed by the United Kingdom (UK) and China.

According to the State Bank of Pakistan (SBP), total exports to the US during July-August 2023 were recorded at 934.666 million US dollars, which shows a decrease of 16.76% compared to the exports of 1122.883 million US dollars during July-August 2022.

It was followed by the United Kingdom, where Pakistan exported goods worth $351.135 million against $338.304 million in the previous year, an increase of 3.79 percent.

State Bank data shows that China was the third top export destination, where Pakistan exported products worth $333.077 million during the months under review.

Among other countries, Pakistan's exports to the United Arab Emirates (UAE) stood at $295.565 million against $244.889 million last year, showing an increase of 20.69 percent.

While exports to Germany were recorded at $253.155 million against $303.754 million last year. Exports to Holland were recorded at $226.624 million against $259.448 million, while exports to Italy were $195.539 million against $197.279 million.

Pakistan's exports to Spain were recorded at $211.454 million against US$242.2023 million, while exports to Afghanistan were recorded at $88.393 million against $81.795 million last year.

Exports to Bangladesh stood at US$ 98.589 million against US$ 143.757 million. Similarly, during the months under review, exports to France were recorded at US$ 91.043 million against US$ 96.921 million while exports to Belgium were US$ 134.864 million.

Exports of USD 96.515 million were recorded as compared to Pakistan's exports to Saudi Arabia were recorded at USD 95.174 million during the current year compared to USD 75.154 million last year, while exports to Turkey were recorded at USD 62.972 million.