Pakistan’s export landscape in January 2026 reflected both stability and selective growth across major trading partners, according to the latest data released by the State Bank of Pakistan. The United States remained the top destination for Pakistani goods, with export receipts of $512.6 million. Although this figure represents a decline of 6.4 percent compared to $547.75 million in the same period last year, the U.S. continues to dominate Pakistan’s export portfolio, accounting for a significant share of total export revenues. Sequentially, exports to the U.S. also fell by 4.6 percent month-on-month, highlighting some short-term fluctuations in demand from North American markets.
China emerged as the second-largest destination for Pakistan’s exports during the review month, with shipments valued at $251.05 million. This marked a substantial year-on-year increase of 29.4 percent from $194 million recorded in January 2025, underscoring strengthening trade relations between the two countries. On a monthly basis, exports to China rose 7.7 percent, indicating growing momentum and potential for continued market expansion in the coming months.
The United Kingdom retained its position as the third-largest export market for Pakistan, generating $176.02 million in export revenue during January 2026. This represents a modest 1.5 percent increase compared to $173.46 million in the same period last year. However, exports to the U.K. fell by 8.1 percent sequentially from December 2025, reflecting seasonal and market demand fluctuations within European markets. The UAE, specifically Dubai, ranked fourth, with shipments of $165.95 million, up 2.1 percent year-on-year, reflecting continued trade activity with Gulf countries.
Other notable export destinations exhibited mixed performance during January. Exports to Spain stood at $126.4 million, down 4.4 percent year-on-year, while shipments to Germany declined 21.4 percent to $125.98 million. Meanwhile, exports to the Netherlands reached $118.63 million, representing a 14.4 percent decrease compared to the same period last year. These trends indicate selective pressures in European markets, likely influenced by global demand patterns and competitive pricing pressures.
Cumulative figures for the first seven months of FY27 highlight the persistence of established export channels. The United States remained Pakistan’s top export destination, generating $3.69 billion in receipts compared with $3.57 billion in 7MFY26. Exports to China during the same period totaled $1.47 billion, reflecting a slight decline of 1 percent, while the United Kingdom contributed $1.27 billion, remaining flat relative to the previous fiscal year. These cumulative numbers emphasize the importance of both North American and European markets, alongside growing Asian trade relationships, in supporting Pakistan’s export earnings.
The data suggests a dynamic export environment in January 2026, characterized by robust growth in China, steady performance in the U.K. and UAE, and moderate declines in the U.S. and selected European destinations. Market analysts highlight the need for diversified product strategies, targeted market engagement, and supply chain resilience to maintain momentum and mitigate short-term volatility. Continued focus on competitive pricing, quality enhancement, and trade facilitation will be crucial in sustaining Pakistan’s export growth trajectory in the remainder of FY27.
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