Over 46% surplus witnessed in trade: SBP

Over 46% surplus witnessed in trade: SBP

ISLAMABAD (APP): Pakistan’s goods and services trade with Bangladesh witnessed surplus of 46.65% during first six months of financial year (2021-22) as compared to the corresponding period of last year.
The overall exports to Bangladesh were recorded at $399.408 million during July-December (2021-22) against exports of $ 274.246 million during July-December (2020-21), showing growth of 45.63 percent, SBP data revealed.
Meanwhile, on year-to-year basis, exports to Bangladesh during December 2021 also increased by 52.01 percent, from US $ 54.433 million to US $82.746 million. Similarly on month-on-month basis, exports of Bangladesh were rose by 14.38 percent during December 2021 in comparison with exports of US $ 72.339 million in November 2021, SBP data said.
Overall Pakistan’s exports to other countries witnessed increase of 28.96 percent in six months.
, from US $11.814 billion to US $ 15.236 billion.
On the other hand, the imports from Bangladesh during the period under review were recorded at $ 50.667 million against $36.454 million last year, showing an increase of 38.98 percent.
Meanwhile, year-to-year basis, imports from Bangladesh during December 2021 also increased by 40.58 percent from US $8.429 million last year to US $11.850 million.
On month-on-month basis, the import from Bangladesh rose by 12.22 percent during December 2021 when compared to the import of US $10.559 million in November 2021, SBP data said.
The overall imports into the country increased by 56.93 percent, from US $23.201 billion to US $ 36.411 billion.
The trade surplus during the period under review was recorded at $348.741 million against $237.792 million during same period of last year, showing 46.65 percent growth.

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