AGL38.54▲ 0.72 (0.02%)AIRLINK130▼ -3.23 (-0.02%)BOP5.61▼ -0.03 (-0.01%)CNERGY3.86▲ 0.09 (0.02%)DCL8.73▼ -0.13 (-0.01%)DFML41.76▲ 0.82 (0.02%)DGKC88.44▼ -1.25 (-0.01%)FCCL34.99▼ -0.07 (0.00%)FFBL67.35▲ 0.81 (0.01%)FFL10.6▲ 0.47 (0.05%)HUBC108.8▲ 2.24 (0.02%)HUMNL14.66▲ 1.33 (0.10%)KEL4.75▼ -0.1 (-0.02%)KOSM6.95▲ 0.15 (0.02%)MLCF41.67▲ 0.14 (0.00%)NBP59.6▲ 0.95 (0.02%)OGDC183▲ 2.36 (0.01%)PAEL26.25▲ 0.63 (0.02%)PIBTL5.97▲ 0.17 (0.03%)PPL146.5▼ -1.27 (-0.01%)PRL23.66▲ 0.5 (0.02%)PTC16.64▲ 1.44 (0.09%)SEARL68.36▼ -0.33 (0.00%)TELE7.23▲ 0 (0.00%)TOMCL35.95▲ 0.01 (0.00%)TPLP7.84▲ 0.48 (0.07%)TREET14.22▲ 0.07 (0.00%)TRG50.44▼ -0.31 (-0.01%)UNITY26.75▲ 0.3 (0.01%)WTL1.21▲ 0 (0.00%)

Pak-US trade witnesses over 23pc surplus during Q1

Share
Tweet
WhatsApp
Share on Linkedin
[tta_listen_btn]

Pakistan’s goods and services trade with the United States (US) witnessed a surplus of 23.31 per cent during the first quarter of the current fiscal year (2022-23) as compared to the corresponding period of last year.

Trade surplus during the period under review was recorded at $1079.589 million against $875.469 million last year, showing 23.31 per cent growth.

The overall exports to the US were recorded at US $1657.359 million during July-September this year against exports of US $1565.321 million during the same quarter last year, showing an increase of 5.87 per cent, SBP data revealed.

Meanwhile, on year-on-year basis, exports to the US during September however decreased by 3.49 per cent from US $ 553.839 million to US $ 534.477 million.

Similarly, month-on-month exports to the US also dipped by 14.23 per cent during September 2022 as compared with exports of US $ 623.196 million in August 2022, the SBP data said.

Overall Pakistan’s exports to all countries witnessed an increase of 5.45 per cent in three months, from US $7201.057 million to US $7594.042 million, the SBP data said.

On the other hand, imports from the US during the quarter under review were recorded at US $577.770 million against US $689.762 million of last year, showing a decrease of 16.23 per cent in July-September (2022-23).

Meanwhile, year-on-year imports from the US during September 2022 also dipped by 21.40 per cent from US $258.135 million last year to US $202.886 million.

On month-on-month basis, the imports from the US decreased by 03 per cent during September 2022 as compared to the import of US $209.178 million in August 2022, SBP data said.

The overall imports decreased by 7.91 per cent, from US $17394.970 million to US $16018.061 million during the period under review.

 

Related Posts