Economy

Pakistan’s Exports increased 18% YoY & imports surged 25% during December, 2020

Pakistan Bureau of Statistics (PBS) revealed the exports from the country increased by 4.98 percent during the first half (H1) of the current fiscal year (2020-21) as compared to the corresponding period of last year.

The exports from the country during July-December (2020-21) were recorded at $12.098 billion against the exports of $11.524 billion during July-December (2019-20), according to the latest PBS data.

The imports into the country during the period under review also increased by 5.72 percent by growing from $23.195 billion last year to $24.521 billion during the first half of current fiscal year.

Meanwhile, on year-on-year basis, the exports from the country increased by 18.31 percent during the month of December 2020 as compared to the exports of December 2019. The exports during December 2020 were recorded at $2.352 billion against the exports of $1.988 billion in December 2019, the data revealed.

The imports into the country also increased from $4.020 billion in December 2019 to $5.035 billion in December 2020, showing growth of 25.25 percent.

On month-on-month basis, the exports from the country increased by 8.19 percent during December 2020 when compared to the exports of $2.174 billion in November 2020.

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