Exports increase by 3.75% in 2 months


The exports from the country witnessed an increase of 3.75 percent during the first two months of the current fiscal year (2022-23) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported Friday.

According to PBS data, the exports from the country were recorded at $4.759 billion during July-August (2022-23) against the exports of $4.587 billion recorded during July-August (2021-22), showing growth of 3.75 percent.

On the other hand, the imports into the country decreased by 9.25 percent by declining from $12.152 billion last year to $11.028 billion in July-August (2022-23). Based on the data, the trade deficit during the period under review was recorded at $6.269 billion, showing a decrease of 17.13 percent over the deficit of $7.565 billion recorded during last year, the PBS data revealed.

Meanwhile, on year-on-year basis, the exports of the country increased by 11.44 percent during August 2022 as compared to the exports of the same month of last year. —APP


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