The USA Remained Top Export Destination for Pakistan

According to the recent data shared by the SBP, the USA remained at the top of the list of exporters. The export value during the first 5-months of FY21 is $1.855 billion which is 6% higher compared to the exports of FY20 for the same period. Previously, the export value was $1.744 billion.

According to more data released by the State Bank of Pakistan (SBP), export values for the period July-Nov 2020 of other top destinations are as follows:

• Export value to the UK was $777.8 million – a hype of 6% where the previous export value was recorded at $726.94 million for the same period of 2019.
• China was third in line with a total export value of $615.73 million – a dip of 15% where the export value for the period July-Nove 2019 was $727.48 million.
• Export value to Germany was $615.53 million, showing a dip of 15% where the previous stats recorded an export value of about $724.15 million in 2019.
• Exports to the UAE were $566 million – an increase of 11% with a total value of $505 million for the same period of 2019.

According to the economic data by SBO, exports to the Netherlands stood at $411.2 million, Afghanistan at $368.1million, and Spain at $289.997 million during the same period.

The export values for November alone to the USA were $394.5 million, the UK at $171.47 million, and China at $153.46 million.