ISLAMABAD  - The exports from the country during first half of current fi­nancial year witnessed about 24.71% growth as compared to the exports of the correspond­ing period of last year.

During the period from July-December, 2021, exports from the country were recorded at $15.102 billion as compared to exports of $12.110 billion of same period of last year (July-December 2020).

According to the trade data released by Pakistan Bureau of Statistics, imports into the coun­try also registered about 65.94% increase as they went up from $24.454 billion of July-December, 2020 to $40.580 billion during July-December 2021, it reveled.

Meanwhile, exports from the country on year on year ba­sis registered about 15.81% growth in December 2021 as compared to exports of the cor­responding month of last year as local exports reached $2.740 billion in December, 2021 as compared to exports of $2.336 billion of corresponding month of last year, it added.

On month on month basis, ex­ports from the country decreased by 5.55% in month of December, 2021 as country fetched $2.740 billion by exporting different goods and commodities against the exports of $2.901 billion of the month of November, 2021.

As compared to month of No­vember, 2021, the trade deficit reduced by 2.82% in December, 2021 as exports from the country decreased by 5.55% and imports into the country also reduced by 3.82%. During last month, exports from the country were recorded at $2.740 billion as against the exports of 2.901 bil­lion in month of November, 2021, whereas imports into the country were registered at $7.579 billion as compared to $7.899 billion during the period under review.

Meanwhile, the exports of ser­vices from the country witnessed an increase of 22.94 per cent dur­ing the first five months of cur­rent financial year (2021-22) as compared to the corresponding period of last year, Pakistan Bu­reau of Statistics (PBS) reported.

The exports of services during July-November (2021-22) were recorded at $2720.94 million against the exports of $2213.16 million during July-November (2020-21), showing growth of 22.94 percent. The services’ im­ports also rose by 34.27 percent by growing from $3012.18 mil­lion last year to $4044.42 million during the period under review.

On year-on-year basis, the ser­vices’ exports during the month of November 2021 grew by 15.41 percent to $582.93 million against the exports of $505.12 million during November 2020.

The imports also grew by 50.19 percent from $554.03 million in last November to $832.09 million in Novem­ber 2021, the data revealed. On month-on-month basis, the exports from the country increased by 6.40 percent as compared to the exports of $547.88 million in October 2021. On the other hand, the imports decreased by 3.48 per­cent as compared the imports of $862.09 million in October 2021, the data revealed

Meanwhile, the merchandize exports from the country during the first half of current financial year expanded by 24.71% as compared to the exports of the corresponding period of last year.

During the period from July-December (2020-21), merchan­dize exports from the country were recorded at $15.102 bil­lion as compared to exports of $12.110 billion of same period of last year (July-December 2020).

On the other hand, the imports into the country also registered about 65.94% growth and went up from $24.454 billion in July-December, 2020 to $40.580 bil­lion during July-December 2021.

Meanwhile, exports on year-on-year basis registered about 15.81% growth in December 2021 as compared the exports of the corresponding month of last year. The exports reached $2.740 billion in December 2021 as compared to the ex­ports of $2.336 billion of corre­sponding month of last year.

On month-on-month basis, exports decreased by 5.55% in the month of December 2021 as country fetched $2.740 billion by exporting different goods and commodities against the exports of $2.901 billion during Novem­ber 2021. The imports were reg­istered at $7.579 billion during December 2021 as compared to $7.899 billion during November 2021, the data revealed.

Source: The Nation