Exports Surge By 25.51% To $31.760 Billion In FY2022
Muhammad Irfan Published July 04, 2022 | 06:58 PM
The exports from the country witnessed an increase of 25.51 percent during the fiscal year 2021-22 as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported
ISLAMABAD, (UrduPoint / Pakistan Point News - 4th Jul, 2022 ) :The exports from the country witnessed an increase of 25.51 percent during the fiscal year 2021-22 as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported.
According to PBS data, the exports from the country were recorded at $31.760 billion during July-June (2021-22) against the exports of $25.304 billion recorded during July-June (2020-21), showing growth of 25.51 percent.
The imports during the year under review also went up by 41.93 percent by growing from $56.380 billion last year to $80.019 billion in July-June (2021-22).
Based on the data, the trade deficit during the period under review was recorded at $48.259 billion, showing an increase of 55.29 percent over the deficit of $31.076 billion recorded during last year, the PBS data revealed.
Meanwhile, on year-on-year basis, the exports of the country increased by 5.83 percent during June 2022 as compared to the exports of same month of last year. The exports during the month under review were recorded at $2.887 billion against the exports of $2.728 billion during the same month of last year.
The imports into the country increased from $21.57 billion in June 2021 to $7.722 billion in June 2022, showing growth of 21.57 percent.
On month-on-month basis, the exports from the country increased by 5.83 percent during June 2022 as compared to the exports of $2.728 billion recorded during May 2022.
On the other hand, the imports into the country during June 2022 witnessed increase of 21.57 percent as compared to the imports of $6.352 billion in May 2022, according to the PBS data.
Recent Stories
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
IBCC to promote educational excellence, expand regional presence
Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leav ..
Putin says plans to visit China in May
More Stories From Business
-
Chinese minister felicitates Ahsan Iqbal on reappointment as Planning minister
2 hours ago -
Pak-US officials engage to enhance trade, investment ties
3 hours ago -
Stocks fall as tech shares sink, US economy slows
3 hours ago -
Higher taxes, awareness help decrease cigarettes sale in Pakistan
4 hours ago -
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
4 hours ago -
Industries Minister recommends urea fertilizer import to stabilize prices and supply
4 hours ago
-
Honda announces US$11 bn EV battery and vehicle plant in Canada
4 hours ago -
Zhao Shirin calls on Punjab Industries Minister
5 hours ago -
CEO APM Terminals calls on Finance Minister
5 hours ago -
SACM visits GTVC checks attendance register
5 hours ago -
CEO APM Terminals meets Commerce Minister
5 hours ago -
RTO destroys huge quantity of non-duty paid cigarettes
6 hours ago