ISLAMABAD:
The United States maintained its position as the leading export destination for Pakistani goods during the first eight months of the fiscal year 2024-25, followed by China and the United Kingdom, according to data released by the State Bank of Pakistan (SBP).
From July to February 2024-25, Pakistan’s exports to the US reached $4,009.91 million, reflecting a 10.49% increase compared to $3,629.21 million during the same period last year.
Exports to China, however, declined by 10.54%, dropping to $1,695.94 million from $1,895.96 million in the previous year. The United Kingdom secured the third spot, with exports rising to $1,444.33 million, up from $1,352.56 million.
Pakistan’s trade with other key markets also showed notable trends. Exports to the United Arab Emirates (UAE) increased to $1,414.73 million from $1,336.97 million, while shipments to Germany grew to $1,133.61 million from $984.62 million.
Similarly, exports to the Netherlands rose to $1,001.64 million from $908.33 million, and to Italy, they reached $747.02 million, up from $733.64 million.
Spain imported Pakistani goods worth $973.58 million, a slight increase from $965.11 million, while exports to Afghanistan saw a significant surge, jumping to $592.84 million from $321.75 million.
Other notable export figures included Bangladesh at $525.13 million, France at $372.54 million, and Belgium at $384.04 million. Exports to Saudi Arabia increased to $489.44 million, while shipments to Turkiye declined to $194.37 million.
The data highlights Pakistan’s growing trade relationships with key global markets, despite fluctuations in certain regions. The US remains a critical partner, driving the country’s export growth during the fiscal year.
