Pakistan’s exports to the United Kingdom witnessed a 33 per cent growth in fiscal 2020-21 at $2.025 billion against $1.522 billion in the previous fiscal. The growth was primarily led by textile products. The total bilateral trade between the two countries reached over $2.648 billion during the last fiscal compared to $2.122 billion in the preceding—a rise of 25 per cent.
The United Kingdom has emerged as Pakistan’s third largest export destination, second largest source of foreign direct investment and third largest source of remittances after Saudi Arabia and United Arab Emirates.Pakistan's exports to the UK saw a 33 per cent growth in fiscal 2020-21 at $2.025 billion against $1.522 billion in the previous fiscal. The growth was primarily led by textile products. The total bilateral trade between the two countries reached over $2.648 billion during the last fiscal compared to $2.122 billion in the preceding—a rise of 25 per cent.#
The top export products to the UK in FY21 were home textiles, which grew by 42 per cent to $648 million from $456 million in 2019-20; apparel and clothing knitted or crocheted, which increased by 57 per cent to $625 million from $397 million in 2019-20, and apparel and clothing not knitted or crocheted, which saw a rise of 5 per cent from $288 million in 2019-20 to $304 million.
Pakistan’s imports from the UK, however, increased by 4 per cent to $623 million in FY21 against $600 million in FY20, according to media reports in the country.
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