US stays top export destination for Pakistan in first five months of FY25

US stays top export destination for Pakistan in first five months of FY25

Pakistan’s total exports to the United States during the first five months of the fiscal year 2024-25 reached $2.512 billion, a notable increase of 9.29% from $2.299 billion in the same period last year, as reported by the State Bank of Pakistan (SBP).

China followed as the second-largest destination for Pakistani exports, with exports worth $1.053 billion, showing a decline of 13.93% from the previous year’s $1.223 billion.

The United Kingdom ranked third, with exports valued at $935.018 million, up from $863.481 million last year.

Other key export destinations included the UAE, where exports reached $925.594 million (compared to $817.848 million in 2023), and Germany, with exports totaling $707.649 million, up from $613.778 million.

Exports to the Netherlands rose to $621.164 million, up from $560.266 million, while exports to Italy decreased to $480.727 million from $501.999 million.

Exports to Spain fell slightly to $600.871 million from $638.846 million, while exports to Afghanistan saw a significant increase, reaching $406.674 million from $234.563 million.

Exports to Bangladesh totaled $313.998 million, up from $241.960 million. Similarly, exports to France rose to $230.857 million, compared to $207.183 million, while exports to Belgium stood at $257.895 million, up from $236.207 million.

Exports to Saudi Arabia also saw growth, reaching $303.421 million compared to $275.619 million last year, while exports to Turkey decreased to $136.769 million from $158.843 million.

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