ISLAMABAD: Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood has said that Pakistan’s exports to the United States during fiscal year 2021 increased by 39 percent as compared to year 2020.
In a tweet, the commerce adviser said that Pakistani exports to US were recorded at $ 5.2 billion as compared to exports worth $ 3.7 billion last year, showing increase of $1.45 billion.
“This is the first time in our history that our exports to the US have crossed the $5 billion mark,” he added. He commended the efforts of exporters and Trade and Investment Officers (TIOs) in the US.
He urged the Trade and Investment Officers (TIO) at Pakistan’s trade missions in New York and Houston to provide all possible facilitation to the exporters for enhancing exports further.
READ MORE: USA, UK, China remain top three export destinations
According to earlier reports, United States of America remained the top export destinations of Pakistani products during the first eleven months of financial year 2020-21, followed by United Kingdom and China.
Total exports to the USA during July-May (2020-21) were recorded at $4473.917 million against the exports of $3606.152 million during July-May (2019-20), showing growth of 24.06 percent, according to State Bank of Pakistan (SBP).
This was followed by UK, where Pakistan exported goods worth $1860.125 million against the exports of US $ 1492.228 million last year, showing an increase of 24.65 percent.
China was the third top export destination, where Pakistan exported goods worth $1831.994 million during the months under review against the exports of US $1535.735 million during last year, showing growth of 19.29 percent, data revealed.
During July-May (2020-21), the exports to Holland were recorded at $101.94 million against $907.417 million whereas the exports to Afghanistan stood at $895.380 million against $826.802 million.
Pakistan’s exports to Italy were recorded at $698.860 million against the exports of $691.369 million while the exports to Spain were recorded at US $ 735.868 million against $807.634 million last year. The exports to Bangladesh stood at $551.552 million against $633.787 million.
