US remains top buyer of Pakistani exports
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
China, UK follow as leading destinations; exports to the US rise over 11%
The United States remained the top export destination for Pakistani products during the first eleven months of the current fiscal year 2024-25, followed by China and the United Kingdom, according to data released by the State Bank of Pakistan (SBP).
Total exports to the US during July-May 2024-25 were recorded at $5,552.615 million, compared to $4,999.608 million during the same period in 2023-24, marking an increase of 11.06%.
China ranked second, with Pakistani exports amounting to $2,270.032 million, down from $2,556.126 million last year, showing a decline of 11.19%.
The United Kingdom was the third-largest export market, with exports reaching $1,985.167 million during the review period, compared to $1,863.566 million the previous year, according to SBP data.
Among other countries, exports to the United Arab Emirates were recorded at $1,979.847 million, up from $1,879.640 million last year. Exports to Germany stood at $1,549.055 million, compared to $1,383.763 million a year earlier.
Exports to the Netherlands (Holland) totalled $1,384.521 million, up from $1,275.110 million, while those to Italy were recorded at $1,046.224 million, slightly higher than last year’s $1,032.472 million.
Exports to Spain reached $1,354.836 million, compared to $1,334.277 million last year. Meanwhile, exports to Afghanistan were significantly higher, rising to $723.442 million from $511.627 million a year ago.
Exports to Bangladesh also showed growth, reaching $728.303 million compared to $599.650 million last year.
Similarly, exports to France during the review period stood at $520.389 million, up from $464.879 million, while exports to Belgium were recorded at $498.080 million, slightly lower than last year’s $506.598 million.
Reference Link:- https://tribune.com.pk/story/2552709/us-remains-top-buyer-of-pakistani-exports
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.…
