The United States remained Pakistan’s largest export destination in May, although overall shipments to the country fell compared to last year, according to data released by the State Bank of Pakistan.
Exports to the US stood at $461.25 million during the month, down 10.6 percent from $516.16 million in the same period last year. Despite the decline, the US continued to lead as Pakistan’s top market.
China held second place, where exports rose to $216.25 million from $199.53 million a year earlier, reflecting an increase of 8.4 percent. The gain made China one of the few major destinations showing growth during the month.
The United Kingdom ranked third with exports valued at $157.81 million, marking a drop of 8.3 percent compared to $172.17 million last year. The United Arab Emirates, including Dubai, came fourth as exports fell sharply by 28 percent to $127.62 million.
Among other key markets, Germany recorded a decline of 19.5 percent, with exports standing at $106.5 million. Shipments to Spain also weakened, falling 13.7 percent to $105.68 million. The Netherlands followed with export earnings of $103.47 million, down 8.5 percent year-on-year.
On a monthly basis, exports also showed pressure across several major destinations. Shipments to the US declined 5.8 percent compared to the previous month, while exports to China dropped 21.6 percent. Receipts from the UK also fell 12.2 percent month-on-month.
Despite monthly fluctuations, cumulative data for the first 11 months of the current fiscal year showed the US remained Pakistan’s largest export market, contributing $5.59 billion. China followed with $2.44 billion, posting an increase of 7.3 percent over the same period last year.
The United Kingdom stayed in third place over the 11-month period, with exports worth $1.96 billion, slightly lower than $1.99 billion recorded a year earlier.
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