Pakistan's export sector has demonstrated a dynamic performance in the initial months of the fiscal year 2025-26, with the United States consolidating its position as the nation's most crucial overseas market. According to official data from the State Bank of Pakistan (SBP), the US remained the top export destination for Pakistani products during the four-month period from July to October.
Top Three Export Markets Show Mixed Results
The data reveals a significant upward trend in trade with the United States. Exports to the US reached $2.188 billion, a notable increase from the $2.037 billion recorded in the same period of the previous fiscal year, marking a growth of 7.41 percent.
China, Pakistan's strategic partner, held the position of the second-largest export destination. However, exports to China saw a slight contraction, falling to $788.775 million from $813.465 million last year, indicating a decrease of 3.03 percent.
Completing the top three was the United Kingdom, where Pakistani exports were valued at $752.968 million, marginally lower than the $760.834 million achieved in the corresponding period of the previous year.
Performance Across European and Regional Markets
A closer look at other key markets reveals a varied picture. Exports to the United Arab Emirates (UAE) declined to $648.758 million from $736.915 million. In contrast, several European nations showed positive momentum.
Germany imported Pakistani goods worth $594.291 million, up from $580.407 million. Similarly, exports to Italy rose significantly to $431.017 million from $395.153 million. Perhaps the most impressive growth in Europe was seen in trade with Spain, where exports jumped to a substantial $553.370 million compared to $479.009 million last year.
Exports to the Netherlands were recorded at $504.888 million, showing a slight increase.
Regional Trade and Other Key Destinations
Trade with regional partners presented a challenging scenario. Exports to Afghanistan saw a sharp decline, falling to $201.018 million from $293.453 million. A similar downward trend was observed in exports to Bangladesh, which stood at $239.468 million, and to Saudi Arabia, which decreased to $218.884 million.
Exports to Turkiye experienced a more pronounced drop, falling to $67.290 million from $113.752 million the previous year. Meanwhile, trade with France and Belgium also saw minor reductions.
This detailed breakdown of Pakistan's export landscape highlights the critical role of the US market while underscoring the need to bolster trade relationships with other regional and global partners to ensure sustainable economic growth.
