US, EU and China were Pakistan’s Top Export Destinations in August 2021: Commerce Ministry

[Zibago]

US, EU and China were Pakistan’s Top Export Destinations in August 2021: Commerce Ministry
Posted 49 mins ago by ProPK Staff
Pakistan's Exports Will Hit All Time-High This Year: Razak Dawood | propakistani.pk
The US, Europe, UK and China were the top destinations for Pakistan’s exports in August 2021, according to preliminary data released by the Ministry of Commerce.

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Pakistan’s total exports to the US increased by 60 percent year-over-year (YoY) to $0.54 billion in August 2021, while exports to China expanded by 109 percent year on year to $0.20 billion. Meanwhile, exports to the UK grew by 20 percent to $0.16 billion.

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The country’s top export products during August 2021 were home textiles, men’s garments, cotton fabric, rice, jerseys, fruits, vegetables, and T-shirts.



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The exports of home textiles rose by 50 percent year-over-year (YoY) to $0.39 billion in August 2021, while exports of men’s garments increased by 47 percent YoY to $0.38 billion. Meanwhile, cotton fabric exports grew by 31 percent to $0.19 billion.

However, the exports of surgical instruments, fish & fish products, cement, tents & canvas, and wood & articles of wood were decreased.

The export of services during July 2021 increased by 6.4 percent to $483 million, compared to $454 million during the same month last year.

https://propakistani.pk/2021/09/06/us-eu-and-china-were-pakistans-top-export-destinations-in-august-2021-commerce-ministry/?fbclid=IwAR2lRwEfWSnTnFR6wTRmUoc6qg1Qp39e3dvrZ8XlkPkG3Dm0Z-0Z6NWSPZ8

 

[hydrabadi_arab]

Huge increase to China. In no time China will become Pakistan biggest export destination.

 

[Falconless]

Huge increase to China. In no time China will become Pakistan biggest export destination.

Hopefully, our trade deficit with them is massive.

 

[_NOBODY_]

Huge increase to China. In no time China will become Pakistan biggest export destination.

That will never happen, US and EU will continue to maintain their position as our top export destinations.

 

[hydrabadi_arab]

That will never happen, US and EU will continue to maintain their position as our top export destinations.

That will happen as Phase 2 of CPEC make further progress.

 

[mumairb]

That will never happen, US and EU will continue to maintain their position as our top export destinations.

China is a huge market of 1.4 Billion people with their purchasing power increasing every year, Pakistan should make sure to tap that market by exporting value added goods and services.

 

[MH.Yang]

Pakistan enjoys 0 tariff treatment in China, but Pakistan only exports 313 commodities to China in 2020.
My brother, this is really not our problem.

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