Pakistan exports to the US saw an increase of 49% YoY. In July 2021, $503million worth of shipments were sent against the exports of $337,28m in July 2020.

However, on monthly basis, Pakistan’s exports to the USA plunged by 9% MoM from $555.5mn in June’21.

According to the Country-wise trade data released by SBP, UK appeared as the second major destination country during the month, wherein Pakistan exported goods worth $180mn against the exports of $145.86mn in July’20, marking a growth of 24% YoY.  While on monthly basis, the figure was lowered by 4% from $186.9mn.

This was followed by China, wherein the total exports to the country during the said period swelled by 55% YoY to $165.78mn from the exports of $106.77mn recorded in the same month last year. Compared to the previous month, exports to China plummeted by 22% MoM.

Next in line are Germany and UAE, Pakistani exports to them pegged at $129mn and $114.5mn during the month, respectively. Exports to Germany depicted a jump of 12% YoY, while exports to UAE dipped by 3% YoY. On a MoM basis, exports to these countries nosedive by 11% and 25% respectively.

Among other countries, Pakistani exports to the Netherlands (Holland) during July’21 stood at $96.8mn, up by 25% YoY, followed by Italy and Spain with $89.97mn and $70mn respectively, the data revealed.

The story was filed by the News Desk.
The Desk can be reached at info@thecorrespondent.com.pk.

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