KARACHI: Exports to the US, Pakistan’s top export market, recorded negative growth in October of the current fiscal year.
Exports to the US stood at $517 million in the month under review compared with $523 million in the same month of the last fiscal year, registering a 1.0 per cent decline.
According to country-wise export figures released by the Trade Development Authority of Pakistan (TDAP), exports to the US, however, recorded 6.0 per cent growth in the first four months of the current fiscal year, when the country exported $2.1 billion worth of goods compared with $1.9 billion in the same period of the last fiscal year.
During October, exports to the United Arab Emirates rose 85 per cent to $285 million from $154 million in the same month of the last fiscal year.
Exports to China continued to decline, falling 14 per cent to $230 million in the month under review, compared with $267 million in the same month of the previous fiscal year.
Exports to the UK rose nine per cent, reaching $203 million in October FY26 from $186 million in the same month of the previous year.
Exports to Germany decreased five per cent, while shipments to the Netherlands were down 10 per cent. Exports to Spain remained flat.
Exports to Afghanistan fell 55 per cent during the month, while exports to Italy rose 25 per cent.
Shipments to Bangladesh declined 14 per cent, and exports to Saudi Arabia were down four per cent. In contrast, exports to Belgium increased 17 per cent, while exports to France fell 11 per cent.
Exports to Singapore were up 262 per cent and to Thailand increased 55 per cent. In Africa, exports to Kenya dropped one per cent. Exports to Canada recorded a decrease of eight per cent.
Region-wise, exports to Europe grew three per cent, while those to the Americas were down two per cent. Exports to Asia declined seven per cent, and those to Africa fell 27 per cent. Exports to the Oceania region were up six per cent.
In terms of product categories, textiles and leather remained the top export segment, recording seven per cent growth during the year. Agro and food exports declined seven per cent, while exports of engineering, manufacturing and minerals rose nine per cent.
Overall, Pakistan’s exports grew 4.6 per cent during FY25, reaching $32.1 billion, up from $30.6 billion in the previous fiscal year.
