Pakistan sees significant surge in exports to key global markets

Pakistan's exports have seen a marked increase in the first two months of the fiscal year, with substantial growth in trade to several countries, according to recent trade data.

Exports to Singapore led with a remarkable 585% increase, followed by Kazakhstan, where exports surged by 528% during July and August 2024.

Pakistan's trade with the Philippines also saw a notable 148% rise, while exports to the UAE, Sri Lanka, Afghanistan, and Bangladesh grew by 56%, 50%, 42%, and 34%, respectively. Exports to Oman increased by 35%, and to Saudi Arabia by 24% in the same period.

Among Western markets, exports to the United States topped the list with a total of $98 million, reflecting a 12.5% rise. Trade with European countries also expanded, with exports to Italy increasing by 12.6%, Germany by 12.3%, and the UK by 5.4%. Exports to the UK, China, UAE, and Germany reached $37 million, $31 million, $29.35 million, and $28 million, respectively.

This upward trend was also seen across various other countries, including Kenya, Belgium, Spain, Australia, and Canada, marking a positive trajectory for Pakistan’s trade growth in diverse global markets.