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Exports to Europe rise 10pc in July-February

By Mubarak Zeb Khan 2025-04-10
ISLAMABAD: Pakistan`s exports to European countries grew 9.41 per cent in the first eight months of the current fiscal year from a year ago, mainly due to higher shipments to western and southern states.

In absolute terms, Pakistan`s exports to the European Union (EU) reached $5.921 billion in JulyFebruary FY25 from $5.412bn last year, according to data compiled by the State Bank of Pakistan.

The export resurgence was due to a slight increase in demand for Pakistani goods in western, eastern and northern Europe. The revival of export proceeds to these countries shows a rising trend for Pakistani textile and clothing products.

In FY24, Pakistan`s exports to the EU dipped 3.12pc to $8.240bn despite its GSP+ status, which allows duty-free entry into most European markets.

Despite Pakistan`s reportedly lack of strict adherence to these conventions, Islamabad has so far avoided stern criticism from the EU, largely due to the bloc`s preoccupation with the ongoing war in Ukraine.

Western Europe, which includes countries such as Germany, the Netherlands, France, Italy, and Belgium, accounts for the largest portion of Pakistan`s exports to the EU. The exports to this region increased by 11.67pc to $2.918bn in 8MFY25, up from $2.613bn in 8MFY24.

There is also a slight increase in exports to eastern and northern Europe. The exports to the north of Europe saw a rise of 17.73pc to $4.98.61m in 8MFY25, up from $423.51m in the corresponding months last year.

Exports to southern Europe saw a paltry growth of 2.69pc to $2.021bn in 8MFY25 from $1.968bn in the corresponding period lastyear.

In this region, exports to Spain record a paltry growth of 0.87pc to $973.57m in 8MFY25 from $965.12m in the preceding year.

Exports to Italy increased 1.83pc to $747.03m in 8MFY25 compared to $733.64m in the same period last year. Exports to Greece recorded a marginal increase of 9.53pc to $92.02m during the year under review against $84.01m over the previous year.