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Pakistan’s Exports to United States Rose by 11.86%

In the first eight months of the fiscal year (2020-21), Pakistan’s exports of products and services to the US increased by 11.86% in comparison to the same time in 2018.

Read More: Over Rs 76 Billion Released for Uplift Schemes

According to SBP statistics, total exports to the United States increased by 11.86 percent from $2755.188 million from July to February of 2019-20 to $3082.199 million from July to February of 2020-21.

Exports to the US increased from $314.802 million to $401.949 million in February 2021, a 27.68% year-over-year increase.

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In contrast, exports to the United States rose 0.50 percent month over month in February 2021, from $399.931 million in January 2021, according to SBP data. Pakistan’s exports to other nations fell by 2.26 percent in the last eight months, from $16.438 billion to $16.065 billion.

In contrast, February 2021 saw a 4.37 percent year-over-year decline in imports from the United States, from $247.366 million to $236.532 million.

Nonetheless, according to SBP statistics, imports from the United States climbed by 0.30 percent in February 2021 compared to the import of $235.810 million in January 2021.

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