Islamabad: During the first four months of the current fiscal year (4MFY22), the United States of America (USA) remained the leading export destination for Pakistani goods, followed by the United Kingdom (UK) and China.
According to figures issued by the State Bank of Pakistan (SBP) on Tuesday, overall exports to the United States in July-October FY22 totaled $2096.859 million, up from $1461.197 million in July-October FY21. This represents a 43.5 percent increase.
This was followed by the United Kingdom, where Pakistan shipped items worth $806.571 million, up 33.9 percent from $602.393 million in the previous year’s quarter.
Similarly, China was Pakistan’s third most important export destination, with $763.572 million in exports compared to $462.268 million in exports during the months under review, a 65.2 percent increase, according to SBP statistics.
Exports to the UAE, for example, were $540.112 million in 4MFY22, up from $448.929 million the previous year, a 20.31 percent rise, according to the data.
Read More: Pakistani rice to be imported into Russia
During the July-October period of FY22, exports to Afghanistan totaled $158.721 million, compared to $296.563 million in the same period in FY21.
Overall, Pakistan’s exports to all other nations increased by 32.31 percent in the last six months, from $7.322 billion to $9.681 billion, according to data from the central bank.