USA remains Pakistan's top export destination, shipments surge by 10% MoM
MG News | November 24, 2020 at 05:49 PM GMT+05:00
November 24, 2020 (MLN): USA remained as the top export destination for Pakistan with $413.3 million worth of shipments in October 2020, against the exports of $375.9 million in the preceding month and $374.75 million in October’19, showing an increase of 10% both on MoM and YoY basis.
According to the Country-wise trade data released by SBP, UK appeared as the second major destination country during the month under review wherein Pakistan exported goods worth $174.8 million against the exports of $153.7 million in the previous month and $154.26 million reported in the same month last year, marking a growth of 14% MoM and 13% YoY.
This was followed by China, wherein the total exports to the country during the said month were recorded at $132.84 million against the exports of $128.96 million in Sep’20, showing a jump of 3% MoM. On a yearly basis, exports to China plunged by 10% as it stood at $147.4 million in October 2019.
Next in line is UAE and Germany, Pakistani exports to them pegged at $126.47 million and $126.2 million in Oct’20 respectively. Exports to UAE depicted a decline of 12% YoY and an increase of 14% MoM, whereas, exports to Germany during the month dropped by 10% MoM and grew by 3% YoY.
Among other countries, Pakistani exports to Afghanistan stood at $86.59 million, down by 9% YoY while rose by 1% MoM, followed by the Afghanistan and Italy with $83.7 million and $62.3 million respectively, the data revealed.
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 157,496.10 196.19M | -2.30% -3714.58 |
| ALLSHR | 94,227.01 359.74M | -1.95% -1870.28 |
| KSE30 | 48,330.20 95.67M | -2.92% -1451.54 |
| KMI30 | 224,687.33 101.59M | -2.56% -5909.78 |
| KMIALLSHR | 60,839.09 199.88M | -2.16% -1344.18 |
| BKTi | 45,489.96 23.93M | -2.22% -1033.26 |
| OGTi | 32,083.47 15.22M | -1.82% -594.75 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 68,400.00 | 71,645.00 67,860.00 | -3130.00 -4.38% |
| BRENT CRUDE | 93.32 | 94.64 83.16 | 7.91 9.26% |
| RICHARDS BAY COAL MONTHLY | 99.40 | 0.00 0.00 | -11.85 -10.65% |
| ROTTERDAM COAL MONTHLY | 127.00 | 129.00 123.00 | 3.55 2.88% |
| USD RBD PALM OLEIN | 1,083.50 | 1,083.50 1,083.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 91.27 | 92.61 78.24 | 10.26 12.67% |
| SUGAR #11 WORLD | 14.09 | 14.17 13.69 | 0.37 2.70% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
Savings Mobilized by National Savings Schemes