Pak-Italy trade witnesses over 104% surplus in 4 months

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Pakistan’s goods and services trade with Italy witnessed a surplus of 104.10 percent during the first four months of the current fiscal year (2022-23) as compared to the corresponding period of last year.

Trade surplus during the months under review was recorded at $198.550 million against $97.276 million last year, showing 10.65 percent growth.

The overall exports to Italy were recorded at US $401.020 million during July-October this year against exports of US $327.871 million during the same months last year, showing an increase of 22.31 percent, SBP data revealed.

Meanwhile, on a year-on-year basis, exports to Italy during October 2022 also increased by 23.63 percent from US $ 75.095 million to US $ 92.842 million.—APP