U.S.A. remains top export destination for Pakistan in August

Mettis Global reported that the United States remained Pakistan's largest export destination in August, with shipments worth $523.68mn. That was 5.4 per cent higher than the $496.75mn recorded in the same month last year. The figures are based on State Bank of Pakistan data.

The United Kingdom was second with exports of $193.55mn, a rise of 6.3 per cent from $182.08mn a year earlier. China came third at $181.41mn, up 17.2 per cent, while the U.A.E., listed as Dubai in the report, took fourth place with $149.72mn, an increase of 14.7 per cent.

Spain and Germany moved in opposite directions from a year earlier, with Spain up 21 per cent to $135.27mn and Germany down 19 per cent to $124.23mn. On a month-on-month basis, shipments to the United States fell 12 per cent, and exports to the UK dropped 12.1 per cent. The Philippines was the only major market to rise, at 10.1 per cent.