In the first twelve months of the fiscal year (2021–22), the United States (US) continued to be Pakistani goods’ largest export market destination, followed by China and the United Kingdom (UK).
According to figures from the State Bank of Pakistan (SBP), total exports to the US from July through June of 2021–22 were $6798.982 million, up from $5030.724 million during the same period in the previous year. This represents an increase of 35.14 percent.
China came next, with Pakistan exporting goods worth $2781.480 million there as opposed to $2043.887 million the previous year, a 36.08 percent rise.
According to SBP statistics, the third-highest export destination for Pakistan was the UK, where the country sent goods worth $2200.007 million during the months under review, up from $2048.293 million, a 7.40 percent increase.
The data showed that, among other nations, Pakistani exports to the UAE increased from $1488.127 million to $1842.961 million over the previous year, a 23.84 percent rise, and exports to Germany increased from $1512.776 million to $1747.967 million.
Between July and June of 2021–22, exports to Holland were $1486.798 million compared to $118.342 million, while exports to Italy were $1085.675 million compared to $774.658 million.
In comparison to previous year, Pakistan’s exports to Spain totaled $1149.474 million, up from $801.702 million, and its exports to Afghanistan were $552.518 million, down from $983.314 million.
According to SBP data, exports to Bangladesh were 870.604 million versus $616.202 million, a jump of 41.28 percent.
Similar to this, during the review period, exports to France were $531.565 million vs $435.471 million, while exports to Belgium were $716.710 million versus $584.370 million.
Pakistan’s exports to Saudi Arabia totaled $420.288 million this year, down from $446.062 million last year, while exports to Canada were $403.640 million, up from $312.173 million, and exports to Malaysia were $432.695 million, up from $236.172 million.
The SBP data showed that overall Pakistani exports to all nations increased by 26.56 percent in a year, from US $25638.974 million to US $32450.087 million.
