Islamabad July 23 2024: The United States (US) remained the top export destination of Pakistani products during the fiscal year 2023-24, followed by China and the United Arab Emirates (UAE).
Total exports to the US during July-June 2023-24 were recorded at US 5,432.929 million against the exports of USD 5,932.358 million during July-June 2022-23, showing a decline of 8.41 percent, according to the State Bank of Pakistan (SBP).
This was followed by China, wherein Pakistan exported goods worth USD 2,707.225 million against the exports of USD 2,025.741 million last year, showing an increase of 33.64 percent.
UAE was the third top export destination, where Pakistan exported products worth USD 2,082.206 million during the year under review against the exports of USD 1,475.832 million, SBP data revealed.
Among other countries, Pakistani exports to United Kingdom (UK) stood at USD 2,012.643 million against USD 1,968.432 million last year while the exports to Germany were recorded at USD 1,512.458 million against USD 1,600.413 million last year, data said.
During fiscal year 2023-24, the exports to Holland were recorded at USD 1,383.094 million against USD 1,445.738 million whereas the exports to Italy stood at USD 1,121.772 million against USD 1,151.241 million.
Pakistan’s exports to Spain were recorded at USD 1,449.465 million against the exports of USD 1,375.019 million while the exports to Afghanistan were recorded at USD 554.008 million against USD 522.271 million last year.
The exports to Bangladesh stood at USD 666.516 million against USD 768.548 million.
Similarly, the exports to France during the year under review were recorded at USD 507.739 million against USD 570.094 million while the exports to Belgium stood at USD 556.163 million against USD 701.013 million.
Pakistan’s exports to Saudi Arabia were recorded at USD 710.335 million compared to USD 503.851 million last year whereas the exports to Turkiye stood at USD 335.137 million against USD 323.398 million.
