Islamabad, Apr 10, 2025: European Exports from Pakistan have shown a robust upward trend, climbing 9.41% in the first eight months of FY2024–25.
This growth is largely driven by rising demand from western and southern European nations, signaling a welcome revival for the country’s export sector.
According to the State Bank of Pakistan, shipments to European Union (EU) member states reached $5.921 billion during July–February FY25, up from $5.412 billion in the same period last fiscal year.
This surge illustrates renewed interest in Pakistani goods, particularly textiles and garments, across key European markets.
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Resurgence Driven by Regional Demand
The uptick in European exports reflects growing demand for Pakistani products in Western, Northern, and Eastern Europe. Notably, Pakistan’s textile and apparel industry continues to be the main driver of this momentum.
While last year’s overall exports to the EU saw a decline of 3.12%, bringing the total down to $8.240 billion, the current rebound suggests renewed buyer confidence even in a competitive global landscape.
Despite some lapses in compliance with EU’s GSP+ (Generalized System of Preferences Plus) conditions—which allow tariff-free access to most European markets Pakistan has thus far sidestepped any serious diplomatic backlash, likely due to the EU’s diverted attention toward the Ukraine conflict.
Key Markets Driving Growth
Western Europe, comprising economic powerhouses like Germany, France, Italy, the Netherlands, and Belgium, remains Pakistan’s top export destination within the EU.
Exports to this sub-region grew 11.67%, hitting $2.918 billion in 8MFY25 compared to $2.613 billion a year earlier.
Northern Europe posted an even sharper rise, with exports increasing 17.73%, climbing to $498.61 million from $423.51 million in the same period last year.
Southern Europe experienced a modest expansion of 2.69%, with export values reaching $2.021 billion, slightly up from $1.968 billion. Within this segment:
- Spain saw a nominal rise of 0.87% to $973.57 million
- Italy recorded an increase of 1.83% to $747.03 million
- Greece witnessed a gain of 9.53%, totaling $92.02 million
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As European Exports from Pakistan continue to recover, maintaining compliance with trade regulations and expanding product diversity will be essential.
Strengthening diplomatic and economic ties with European nations could solidify Pakistan’s position as a reliable trade partner in the EU zone.
Ultimately, European Exports present a key opportunity for Pakistan to stabilize its trade balance, boost foreign exchange reserves, and support long-term industrial growth.
