ISLAMABAD – The exports of cutlery from the country witnessed an increaseof 25.41 percent during the first half of financial year 2020-21 ascompared to the corresponding period of last year.
The country exported cutlery worth US $59.478 million during July-December(2020-21) against the exports of US $47.428 million during July-December(2019-20), showing growth of 25.41 percent, according to the PakistanBureau of Statistics (PBS).
Meanwhile, on year-on-year basis, the cutlery exports also rose by 34.47percent during the month of December 2020 as compared to the same month oflast year.The cutlery exports in December 2020 were recorded at $ 9.976 millionagainst the exports of $7.419 million in December 2019, the PBS datarevealed.
On month-on-month basis the export of cutlery however witnessed decline of4.46 percent in December 2020 as compared to the exports of $10.442 millionin November 2020.It is pertinent to mention here that the country’s trade deficit witnessedan increase of 5.93 percent during the first six months of financial year2020-21, as compared to the corresponding period of last year.
The exports witnessed increase of 5.09% and reached to $12.110 billionagainst the exports of $11.524 billion of the same period of last year.
Read Top Stories
On the other hand, the country’s imports also rose by 5.51% and went upfrom $23.195 billion last fiscal year to $24.473 billion of same period offiscal year 2020-21.
Based on the figures, the trade deficit during the period under review wasrecorded at $12.363 billion against the deficit of $11.671 billion duringlast year, showing increase of 5.93 percent.
