Pakistan’s export earnings fell in February, but strong gains in minerals and cereals helped soften the decline, according to provisional data released by the State Bank of Pakistan.
Total exports stood at $2.48bn on a Balance of Payments basis in February 2026. This was down 9.6 percent from the revised $2.75bn recorded in January. However, the drop appears less sharp when looking at bank receipts alone, which slipped 3.4 percent to $2.43bn.
Minerals and cereals provide support
One of the standout areas during the month was the minerals sector. Exports of ores, slag and ash rose sharply by 62 percent compared to January, reaching $86.8m. The increase is seen as a sign of rising shipments of coal, chromite and other raw materials, likely linked to global demand and delayed orders being fulfilled.
Overall mineral exports also moved higher, while fuel-related shipments remained largely unchanged. This suggests stable output from refineries even as other parts of the sector picked up pace.
Agriculture also showed strength, led by cereals. Exports in this category climbed to $192.6m, marking the strongest monthly performance since October 2025. Rice remained a key driver, with demand holding firm in markets across the Middle East, Africa and Southeast Asia.
Textiles remain backbone
The textile sector continued to dominate Pakistan’s export mix. Shipments brought in $1.36bn, making up more than half of total bank receipts. Although slightly lower than January, the figure stayed in line with recent monthly trends.
Within textiles, home products such as bed linen and towels led the way, followed by knitted and non-knitted garments. Together, clothing exports crossed $700m, reflecting steady demand for value-added products.
Other sectors showed mixed performance. Leather exports dipped slightly, while furniture and sports goods posted modest gains. Exports of sporting equipment again highlighted the role of Sialkot as a global manufacturing hub.
Analysts say the February data points to a mixed but stable export picture, with traditional sectors holding firm and newer segments, especially minerals, showing signs of growth.
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