F.P. Report
ISLAMABAD: Pakistan’s goods and trade services with United State of America witnessed decrease of 1.90 percent in surplus during first eight months of current financial year (2019-20) as compared to the corresponding period of last year.
The overall exports to USA were recorded at $2755.213 million during July-February (2019-20) against exports of $2687.053 million during July-February (2018-19), showing growth of 2.53 percent, according to State Bank of Pakistan (SBP).
Overall Pakistan’s exports to other countries witnessed an increase of 2.64 percent in eight months, from $16.009 billion to $16.433 billion, the SBP data revealed.
On the other hand, the imports from USA into the country during the period were recorded at $1469.674 million against $1376.547 million last year, showing increased 16.76 percent in first eight months of this year.
The overall imports into the country decreased by 17.51 percent, from $35.945 billion to $29.651 billion, according to the data. The trade surplus during the period under review was recorded at $1285.539 million against $1310.506 million during same period of last year, showing decline of 1.90 percent, the data revealed.
