Overall Pakistan’s exports to all countries also witnessed an increase of 26.56 percent in twelve months, SBP data said.
Pak-US trade witnesses over 44pc growth during FY2022. Pakistan’s goods and services trade with the United State of America (USA) witnessed an increase of 44.91 percent during twelve months of fiscal year (2021-22) as compared to the corresponding period of last year.
The overall exports to the USA were recorded at US $ 6798.982 million during July-June (2021-22) against exports of US $5030.724 million during July-June (2020-21), showing growth of 35.14 percent, SBP data revealed.
Meanwhile, on year-on-year basis, exports to USA during June 2022 also surged by 15.38 percent from US $ 555.492 million to US $ 640.935 million.
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Similarly, month-on-month exports to the USA rose by 18.38 percent during June 2022 as compare with exports of US $ 541.391 million in May 2022, the SBP data said.
Overall Pakistan’s exports to all countries also witnessed an increase of 26.56 percent in twelve months, from US $25638.974 million to US $32450.087 million, the SBP data said.
On the other hand, imports from the US during the period under review were recorded at US $3055.169 million against US $2447.281 million of last year, showing an increase of 24.83 percent in July- June (2021-22).
Meanwhile, year-on-year imports from the US during June 2022 also increased by 36.60 percent from US $247.424 million last year to US $337.985 million.
On month-on-month basis, the imports from the US rose by 42.55 percent during June 2022 as compared to the import of US $237.092 million in May 2022, SBP data said.
The overall imports increased by 32.75 percent, from US $54272.920 million to US $72.048 million during the period under review.
The trade surplus during the period under review was recorded at $2583.443 million against $3743.813 million during same period of last year, showing 44.91 percent growth.