China leads as top export destination for Pakistan in July

Figures from the State Bank of Pakistan, as reported by Mettis Link News, show China was Pakistan's largest export market in July, with shipments worth $2.11 billion. That represented growth of 48.3 per cent over the $1.42 billion sent in July last year. The UAE, including Dubai, ranked second at $495.7 million, although that figure slipped 0.4 per cent year on year.

Singapore moved up to third place with receipts of $336.32 million, a rise of 81.2 per cent from $185.63 million a year earlier. The United States came fourth at $326.45 million, up 65.5 per cent year on year. Indonesia recorded $318.27 million, a 47.2 per cent increase, while shipments to Saudi Arabia fell 8 per cent to $264.18 million.

On a monthly basis, exports to China climbed 6.4 per cent from June, whereas shipments to the UAE dropped 9.8 per cent and receipts from Singapore fell by the same margin. Japan contributed $171.12 million, a 22.7 per cent year on year increase.