ISLAMABAD: The country’s goods and trade services with the United States (US) have witnessed a decrease of 1.9 per cent in surplus during the first eight months of the current financial year (2019-20) as compared to the corresponding period of last year.
Overall exports to the US were recorded at $2,755.213 million during July-February (FY20) against the export of $2,687.053 million during July-February (FY19), showing a growth of 2.53pc, according to the State Bank of Pakistan (SBP).
Pakistan’s overall exports to other countries witnessed an increase of 2.64pc in 8MFY20, from $16.009 billion to $16.433 billion.
On the other hand, imports from the US into the country during the period under review were recorded at $1,469.674 million against $1376.547 million last year, showing an increase of 16.76pc in the first eight months of this year.
Overall imports into the country decreased by 17.51pc from $35.945 billion to $29.651 billion, the data further revealed.
The trade surplus during the period under review was recorded at $1,285.539 million against $1,310.506 million in the same period of last year, showing a decline of 1.9pc.
