USA remains Pakistan’s top export destination during Oct’21

News Image

MG News | November 22, 2021 at 05:04 PM GMT+05:00

0:00

November 22, 2021 (MLN): Though Pakistan’s exports to the USA have declined by 4.03% MoM during the month of October 2021, the country has emerged as the top export destination for Pakistan with $531.52 million worth of shipments against the exports of $553.86mn in the preceding month, the latest data released by State Bank of Pakistan on Friday said.

However, on yearly basis, Pakistan’s exports to the USA surged by 29% YoY from $413.43mn in Oct’20.

United Kingdom (UK) appeared as the second major destination country during the month, wherein Pakistan exported goods worth $256.90mn, marking a growth of 29.20% MoM and 47% YoY.  

This was followed by China, wherein the total exports to the country during the said period swelled by 54% YoY to $204.39mn from the exports of $132.85mn recorded in the same month last year. Compared to the previous month, exports to China plummeted by 7.28% MoM.

Next in line are Germany and UAE (Dubai), Pakistani exports to them pegged at $129.93mn and $110.55mn during the month, respectively. Exports to Germany depicted a marginal increase of 3% YoY, while exports to UAE went up by 25% YoY. On an MoM basis, exports to the said countries came down by 8% and 18% respectively.

Among other countries, Pakistani exports to the Netherlands (Holland) during October’21 stood at $108.65mn, up by 25% YoY, followed by Spain and Italy with $91.45mn and $75.10mn respectively, the data revealed.

During the first four months of the current fiscal year i.e.  July -Oct FY22, the USA remained the top destination of Pakistan’s exports with $2.096 billion, depicting an upsurge of 44% when compared to the corresponding period last year.

This was followed by UK and China. The exports to the UK during 4MFY22 were recorded at $806.57mn, up by 34% YoY while exports to China, the third top export destination, increased by 65% YoY to $763mn from $462mn in SPLY.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse


July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25


July 11, 2025 at 04:19 PM GMT+05:00

Ideal Spinning Mills to exit spinning business



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg