Pak-Germany Trade Witnesses Over 70% Surplus In 1st Half
Umer Jamshaid Published February 06, 2023 | 01:30 PM
ISLAMABAD, Feb 6 (UrduPoint / Pakistan Point News - 6th Feb, 2023 ) :Pakistan's goods and services trade with Germany witnessed a surplus of 70.41 percent during the first half 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 $404.357 million against $237.281 million last year, showing 70.41 percent growth.
The overall exports to Germany were recorded at US $881.045 million during July-December (2022-23) against exports of US $864.241 million during July-December (2021-22), showing growth of 1.94 percent, SBP data revealed.
On a year-to-year basis, the exports to Germany however decreased 21.87 percent from $172.980 million in December 2021, against the exports of $135.137 million in December 2022.
Meanwhile, on a month-on-month basis, the exports to Germany dipped by 03 percent during December 2022 as compared to the exports of $139.461 million in November 2022, the SBP data revealed.
Overall Pakistan's exports to other countries witnessed a decrease of 6.76 percent in the first six months, from US $15.242 billion to US $14.211 billion, the SBP data revealed.
On the other hand, the imports from Germany into the country during the period under review were recorded at US $476.688 million against US $626.960 million last year, showing a decline of 23.96 percent in July- December (2022-23).
On a year-on-year basis, the import for Germany also witness a decrease of 34.34 percent from US $116.841 million in December 2021, against the imports of US $76.710 million in December 2022.
On a month-on-month basis, the imports from Germany into the country however increased by 4.63 percent during December 2022, as compared to the imports of US $73.310 million during November 2022, according to the data.
The overall imports into the country witnessed a decrease of 18.24 percent, from US $36.094 billion to US $29.509 billion, according to the data.
Recent Stories
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
Spain PM Sanchez says weighing resignation after wife's graft probe
Tennis: ATP/WTA Madrid Open results - 1st update
Long-lost Klimt portrait auctioned off for 30 mn euros
Osaka seals first win on clay since 2022 in Madrid
Earthquake jolts Karachi
Sindh minister orders operation after attack on police in Ghotki
TikTok to fight US ban law in courts
More Stories From Business
-
Mired in crisis, Boeing reports another loss
7 hours ago -
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
7 hours ago -
British-Pakistani firm unveils $35 million luxury apartments for overseas Pakistanis in Islamabad
8 hours ago -
European stocks lose momentum after global rally
8 hours ago -
New pulses varieties imperative to cater domestic food requirements: Dr Khalid Hasan
9 hours ago -
CEO KP-EZDMC meets CRBC officials
9 hours ago
-
Pakistan among nine poor countries that produces 90 percent cigarettes for world
10 hours ago -
Chief Minister Gilgit Baltistan Haji Gulbar Khan calls on Minister for Privatisation
10 hours ago -
Germany nudges up growth forecast, ailing economy at 'turning point'
10 hours ago -
Revised UAF budget recommended
10 hours ago -
IDEA, TEVTA organizes Job Fair for youth
10 hours ago -
Massive financial, administrative scam unearthed at SCCI
11 hours ago