Pakistan’s exports to USA surge by 25% YoY in January

MG News | February 04, 2022 at 01:03 PM GMT+05:00

0:00

February 04, 2022 (MLN): The United States of America (USA) remained the top destination of Pakistan’s exports in January 2022 with $570 million worth of shipments against the exports of $456mn recorded in the same period last year, up by 25% YoY.

This announcement was made by Adviser to PM for Commerce and Investment, Abdul Razak Dawood on his Twitter.

This was followed by China, wherein Pakistan exported products worth $230mn against the exports of $189mn in the same period last year (SPLY), showing an increase of 21%, according to pre-PBS provisional data available with the Ministry of Commerce.

While exports to Italy, the third top export destination, surged by 93% YoY to $118mn from $61mn in SPLY.

Next in line is Spain, the exports to Spain during January 2022 were recorded at $113mn against the exports of $78mn in the corresponding period last year, depicting a growth of 44% during the said period.

Among other countries, Pakistani exports to the United Arab Emirates increased by 24% YoY to stand at $104mn against $83mn during the said period.

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