U.S.A. leads as the top export destination for Pakistan in August
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
The U.S.A. remained the top export destination for Pakistan during August, with $496.69 million worth of shipments, up by 4.8% against the exports of $473.84m in the same period last year.
According to the data released by the State Bank of Pakistan, this was followed by U. K., as Pakistan exported goods worth $182.06m to the country as compared to the exports of $183.07m recorded during the same month of the previous year, depicting a decline of 0.5%.
China was the third on the list as Pakistan generated export revenue worth $154.82 million from the country. This figure was down by 5.2% from the exports of $163.34m in the same period last year.
Germany was fourth in line as exports to the region during the aforementioned period were $153.43m, depicting an increase of 1.1% YoY.
Among other countries, Pakistan’s exports to the U.A.E. E. Dubai stood at $130.54m, marking a drop of 12.2% YoY, while exports to Spain decreased by 10.8% YoY to $111.76m.
Moreover, the export receipts received from the Netherlands (Holland) stood at $108.15m, down by 11.9% YoY.
While on a sequential basis, the total exports to U. S. A. dropped by 19.3% MoM. While exports to U. K. dropped by 10.3% MoM.
Moreover, receipts received from exports to China depicted a decline of 22.5% MoM.
Meanwhile, cumulatively, in 2MFY26, U. S. A. was the top source of export receipts, worth $1.11bn as against the total exports worth $950.13m in 2MFY25.
Whereas, total exports to U. K. in 2MFY26 stood at $385.11m, registering an increase of 5.1%.
Cumulatively, China ranked as the third-largest contributor to the country’s export earnings, accounting for exports valued at $354.47m in 2MFY26, compared to $323.44m in the same period last year.
Reference Link:- https://mettisglobal.news/U-S-A-leads-as-top-export-destination-for-Pakistan-in-August-55310
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
