US China and UK top export ranks

The US continues to be the largest market for Pakistani exports during the eleven months of the FY2022-23, with China and the UK following closely behind. According to data from the SBP, total exports to the US from July to May (2022-23) were valued at $5,481.385 million, representing a decline of 11.05% compared to the same period last year when exports amounted to $6,162.991 million. China remained the second-largest export destination, with Pakistan exporting goods worth $1,891.949 million, marking a decrease of 25.64% compared to the previous year’s exports of $2,544.418 million. The UK secured the third position as an export market, with goods valued at $1,806.385 million being exported during the reviewed period. This figure reflects a decline of 10.21% from the exports of $2,011.859 million in the corresponding period last year. Other notable export destinations included Germany, with exports amounting to $1,488.461 million (a 5.48% decrease), and the UAE, with exports recorded at $1,341.359 million (a decrease of 17.91%). Published in The Express Tribune, June 28th, 2023. Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

source https://tribune.com.pk/story/2423935/us-china-and-uk-top-export-ranks