Over 63% surplus witnessed in Pak-US trade: SBP
The overall exports to USA were recorded at $503.118 million during July (2021-22)
ISLAMABAD (APP) - Pakistan’s goods and services trade with United State of America (USA) witnessed surplus of 63.58 percent during first month of current financial year (2021-22) as compared to the corresponding period of last year.
The overall exports to USA were recorded at $ 503.118 million during July (2021-22) against exports of $337.228 million during July (2020-21), showing growth of 49.19 percent, SBP data revealed.
Overall Pakistan’s exports to all countries also witnessed an increase of 19.73 percent in first month, from $1.885 billion to $2.257 billion, the SBP data said.
On the other hand, the imports from US during the period under review were recorded at $231.166 million against $170.985 million last year, showing an increase of 35.19 percent in July (2021-22).
The overall imports rose by 51.70 percent, from $3.557 billion to $5.396 billion, according to the data.
The trade surplus during the period under review was recorded at $271.952 million against $166.243 million during same period of last year, showing 63.58 percent growth.