Promoting Exports These emerging exports are of a diverse nature and will need to be nurtured and developed. 16.3. Destinations of Exports The major countries to which Pakistan exports annually more than$500 million and to different regions of the world are given in Table 16.5. Table 16.5: Major Regions and Countries of Exports to By Pakistan 2009-10 Share (%) 2019-20 North America 3560 18.5 4186 USA 3360 3915 Europe 4830 25.1 8075 UK 1027 1638 Italy 606 752 Spain 434 871 Belgium 430 517 Germany 793 1303 Eastern Asia 2093 10.9 2264 China 1154 1664 South Asia 2827 14.7 2057 Afghanistan 1571 890 Bangladesh 483 695 Middle East 3299 17.1 2980 UAE 1720 1588 Other Regions& Countries 2681 13.9 2978 TOTAL 19290 100.0 22540 Share (%) 18.6 35.8 10.0 9.1 13.2 13.2 100.0 ($ million) Growth Rate(%) 1.6 5.1 0.8 -3.2 -1.0 1.0 1.6 The largest regional market for exports of Pakistan is Europe, with a share currently of almost 35 percent. It has also emerged as the fastest growing destination of Pakistani exports with an annual growth rate of over 6 percent. This is due largely to the granting of GSP Plus status to Pakistan in 2014. The largest importing country from Pakistan is the USA, with a share of 17 percent. Exports to the USA have grown at 2 percent annually. The other major importing countries are the UK, Germany, China, Afghanistan, and the UAE. Despite the proximity and the presence of SAFTA, Pakistan’s exports in the South Asian region are only 11 percent of the total. This is the consequence of similarity in factor endowments and non-tariff restrictions by India. 157