US and EU share in textile exports from Pakistan

The share of United States of America in overall exports from Pakistan has dropped to 22% during the first half of current financial year from 26% in the same period of last year. However, it is still the single largest buyer of Pakistani products.

Analysts said that due to narrow base of Pakistani products and intense competition put up by its regional competitors, the share of local products remained stagnant to its major markets like USA and European Union (EU).

In European market, export to United Kingdom (UK) stood at 5.66% of total exports, which was 5.84% last year. Share of Germany remained almost stagnant at 4.28% during the first half compared to 4.24% in the previous year.