US retains top spot in Pakistani exports

The United States (US) remained the top export destination of Pakistani products during the first five months of the current financial year 2023-24, followed by China and the United Kingdom (UK). Total exports to the US during July-November 2023 were recorded at $2296.424 million against the exports of $2606.612 million during July-November 2022, showing a decline of 11.90%, according to the State Bank of Pakistan (SBP).

This was followed by China, wherein Pakistan exported goods worth $1223.532 million against the exports of $877.444 million last year, showing an increase of 39.44%. UK was the third top export destination, where Pakistan exported products worth $862.397 million during the months under review against the exports of $874.066 million, SBP data revealed.

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Among other countries, Pakistani exports to UAE stood at $817.993 million against $614.902 million last year, showing an increase of 33.02% while the exports to Germany were recorded at $612.276 million against $746.055 million last year, data said. During July-November, the exports to Holland were recorded at $559.819 million.

Published in The Express Tribune, December 20^th, 2023.

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