Pakistan's export landscape remains heavily reliant on a handful of major markets, with the United States maintaining its dominant position even as shipments to several other destinations show stagnation or decline.

Data from the State Bank of Pakistan indicate that exports to the United States rose by 3.61% to $4.16bn during July-February 2025-26, up from $4.01bn in the same period last year. The marginal increase reinforces America's status as the largest destination for Pakistani goods.

China retained its position as the second-largest market, though exports slipped slightly by 0.35% to $1.69bn. The United Kingdom followed closely, with shipments broadly unchanged at $1.44bn, reflecting limited growth momentum among top-tier partners.

Performance across other major destinations was uneven. Exports to the United Arab Emirates edged up to $1.42bn, while those to Germany declined to $1.11bn. Similarly, shipments to the Netherlands fell to $979.79m, whereas Italy registered an increase to $790.85m.

Among European markets, Spain stood out with a notable rise, as exports climbed to $1.05bn from $795.62m. In contrast, several regional partners saw contractions. Exports to Afghanistan dropped sharply to $236.41m from $595.84m, while Bangladesh recorded a decline to $478.15m.

Further reductions were observed in shipments to France and Belgium, which fell to $360.58m and $370.05m respectively. Exports to Saudi Arabia also decreased to $463.71m, while those to Turkiye contracted significantly to $132.51m.

The overall pattern points to a concentration of export earnings in a few key economies, alongside divergent trends across secondary markets. While gains in the United States and select European countries offer some support, declines elsewhere suggest a fragile and uneven external trade performance.