ISLAMABAD: The United States (US) remained the top export destination for Pakistani products during the fiscal year 2023-24, followed by China and the United Arab Emirates (UAE).
Total exports to the US during July-June 2023-24 were recorded at $5,432.929 million as against exports of $5,932.358 million during July-June 2022-23, a decline of 8.41 percent, according to the State Bank of Pakistan (SBP). .
This was followed by China, where Pakistan exported goods worth $2,707.225 million as against last year’s exports of $2,025.741 million, an increase of 33.64 percent.
The UAE was the third largest export destination to which Pakistan exported products worth $2,082.206 million against exports of $1,475.832 million during the year under review, SBP data revealed.
Among other countries, Pakistan’s exports to the United Kingdom (UK) stood at $2,012.643 million against $1,968.432 million last year, while exports to Germany were recorded at $1,512.458 million against $1,600.413 million last year.
Pakistan’s exports to Spain were recorded at $1,449.465 million against $1,375.019 million, while exports to Afghanistan were recorded at $554.008 million against $522.271 million last year.
Exports to Bangladesh were US$666.516 million against US$768.548 million.
Similarly, exports to France during the year under review were recorded at $507.739 million against $570.094 million, while exports to Belgium stood at $556.163 million against $701.013 million.
Pakistan’s exports to Saudi Arabia were recorded at $710.335 million compared to $503.851 million last year, while exports to Turkiye stood at $335.137 million against $323.398 million.
