ISLAMABAD – Pakistan’s goods and services trade with the USAwitnessed surplus of 54.59 percent during ten months of fiscal year(2021-22) as compared to the corresponding period of last year. The overallexports to the USA were recorded at $5616.739 million during July-April(2021-22) against exports of $4020.901 million during July-April (2020-21),showing growth of 39.68 percent, SBP data revealed.
Meanwhile, on a year-on-year basis, exports to USA during April 2022 alsosurged by 35.47 percent, from $456.326 million to $618.214 million.Similarly, on month-on-month basis, exports to the USA rose by 28.91percent during April 2022 in comparison with exports of $588.250 million inMarch 2022, SBP data said.
Overall Pakistan’s exports to all countries also witnessed an increase of27.76 percent in ten months, rising from $21.016 billion to $26.852billion, the SBP data said. On the other hand, imports from the US duringthe period under review were recorded at $2478.032 million against$1990.563 million of last year, showing an increase of 24.48 percent inJuly-April (2021-22).
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Meanwhile, on year-on-year basis, imports from the US during April 2022also increased by 17.96 percent, from $212.443 million last year to$250.615 million. On month-on-month basis, the imports from the US rose by30.86 percent during April 2022 when compared to the import of $278.008million in March 2021, SBP data said.The overall imports increased by 38.95 percent, from $43.036 billion to$59.799 billion. The trade surplus during the period under review wasrecorded at $3138.707 million against $2030.338 million during same periodof last year, showing 54.59 percent growth.
