ISLAMABAD, Aug 30 (Alliance News): The United States (US) emerged as the leading export destination for Pakistani products during the first month of the financial year 2024-25, followed by the United Arab Emirates (UAE) and the United Kingdom (UK).
According to the State Bank of Pakistan (SBP), Pakistan’s exports to the US in July 2024 amounted to US $476.017 million, marking a 7.26% increase from the US $443.789 million recorded in July 2023. The UAE was the second-largest export market, with goods worth US $216.918 million exported, up 7.74% from US $201.319 million the previous year.
The UK ranked third, with exports totaling US $183.303 million in July 2024, compared to US $151.554 million in July 2023, reflecting a growth of 20.95%.
Other significant export destinations included China, where exports reached US $160.100 million, showing a 4.13% increase from the previous year’s US $153.745 million. Exports to Germany were recorded at US $135.463 million, slightly up from US $131.079 million.
Exports to Holland amounted to US $124.547 million, while Italy received US $96.024 million worth of goods. Spain’s imports from Pakistan stood at US $106.706 million, although slightly down from US $115.691 million last year. Exports to Afghanistan surged to US $88.065 million, nearly doubling from US $46.262 million.
Meanwhile, exports to Bangladesh slightly decreased to US $57.866 million from US $60.772 million. France imported goods worth US $41.862 million, down from US $43.678 million, while exports to Belgium increased to US $59.674 million from US $50.351 million.
In the Middle East, Saudi Arabia imported US $57.445 million worth of goods, an increase from US $49.084 million last year, and exports to Turkey rose to US $33.766 million, compared to US $24.126 million in the previous year.
