The United States (US) maintained its position as the leading export destination for Pakistani products during the first five months of the current fiscal year, followed by China and the United Kingdom (UK), according to the State Bank of Pakistan (SBP).
Exports to the US totaled $2.51 billion during this period, reflecting a 9.29% increase compared to $2.29 billion in the same period last year. In contrast, exports to China showed a decline of 13.93%, with goods worth $1.05 billion exported compared to $1.22 billion in the previous year.
The UK ranked third among Pakistan’s top export markets, with exports amounting to $935 million. European countries also emerged as significant destinations for Pakistani goods, with exports to the European Union (EU) increasing by 8.62% to $3.86 billion during July-November FY25, up from $3.56 billion in the same period last year. This growth was attributed to increased demand in western, eastern, and northern Europe.
Exports to individual EU countries such as Germany, Spain, France, and Belgium showed notable growth. Germany imported goods worth $707 million, while exports to Spain reached $600 million. France and Belgium recorded imports of $230 million and $257 million, respectively, marking an uptick from the previous year.
In the Gulf region, exports to the UAE rose to $925 million from $817 million last year, while Saudi Arabia imported goods worth $303 million. South Asian markets also saw growth, with Bangladesh importing $313 million in goods, a significant increase from $241 million last year. Exports to Afghanistan surged to $406 million from $234 million.
This data highlights Pakistan’s evolving trade dynamics, with the US and EU markets driving growth despite challenges in key Asian markets like China.
