During the month of July, the first month of the current financial year 2023-24, United States (US) remained the top export destination of Pakistani products, followed by the United Kingdom (UK) and China. According to the State Bank of Pakistan (SBP) statistics, the total exports to the US during July 2023 were recorded at US $432.803 million against the exports of US $499.686 million during July 2022, showing a decline of 13.38 percent. This was followed by the UK, wherein Pakistan exported goods worth US $169.789 million against the exports of US $160.114 million last year, showing an increase of 6.04 percent.

China was the third top export destination, where Pakistan exported products worth US $147.385 million during the month under review against the exports of US $174.056 million, SBP data revealed. Among other countries, Pakistani exports to UAE stood at US $134.002 million against US $109.772 million last year, showing an increase of 22.07 percent while the exports to Germany were recorded at US $121.175 million against US $1137.026 million last year, data said. During July 2023, the exports to Holland were recorded at $106.080 million against $114.886 million whereas the exports to Italy stood at $96.274 million against $105.300 million.

Pakistan’s exports to Spain were recorded at $119.583 million against the exports of US $92.327 million while the exports to Afghanistan were recorded at $42.173 million against $ 31.757 million last year. The exports to Bangladesh stood at US $50.731 million against US $71.147 million. Similarly, the exports to France during the month under review were recorded at US $46.076 million against US $43.074 million while the exports to Belgium stood at US $54.000 million against US $65.549 million. Pakistan’s exports to Saudi Arabia were recorded at US $42.634 million during the current year compared to US $29.666 million last year whereas the exports to Turkiye stood at US $30.808 million against US $30.157 million.

Credit: Independent News Pakistan (INP)