Pakistan exported goods worth $ 559.153 million to China in during July-September

ISLAMABAD, Nov 7 (Gwadar Pro)—Pakistan exported goods worth US $ 559.153 million to China in the first three months of the ongoing financial year starting from July 1, 2021, the State Bank of Pakistan (SBP) announced Saturday.

“Pakistan exported goods worth US $559.153 million against the exports of US $329.421 million last year, showing an increase of 69.73 percent,” a statement of SBP said.

It said China was the second top export destination for Pakistan after the United States.

The total exports to the US during July-September (2021-22) were recorded at US $1565.343 million against the exports of US $1047.764 million during July-September (2020-21), showing growth of 49.40 percent, SBP mentioned.

The UK was the third top export destination, where Pakistan exported products worth US $ 549.667 million during the months under review against the exports of US $ 427.540 million during last year, showing a growth of 28.56 percent, SBP data revealed.

Among other countries, Pakistani exports to UAE stood at US $407.122 million against US $322.459 million last year, showing an increase of 26.25 percent while the exports to Germany were recorded at US $406.261 million against US $367.529 million last year, the data revealed.

During July-September (2021-22), exports to Holland were recorded at US $328.654 million against US $229.277 million whereas the exports to Italy stood at US $252.776 million against US $167.868 million.

Pakistan’s exports to Spain were recorded at $225.079 million against the exports of US $147.446 million while the exports to Afghanistan were recorded at US $127.647 million against US $ 209.868 million last year.

Exports to Bangladesh stood at US $175.389 million against US $127.487 million.

Similarly, exports to France during the months under review were recorded at US $19.045 million against US $91.146 million while exports to Belgium stood at US $167.374 million against US $13.701 million.

Pakistan’s exports to Saudi Arabia were recorded at US $93.22 million during the current year compared to US $106.958 million last year whereas exports to Canada stood at US $91.511 million against US $68.198 million, to Malaysia US $ 83.348 million against US $43.922 million.

Overall, Pakistan’s exports to all other countries witnessed an increase of 35.24 percent during the months under review, from US $ 5.353 billion to US $ 7.241billion, the SBP data indicated.