In comparison to the same period last year, Pakistan’s goods and services trade with the United States saw a surplus of 54.59 percent during the first ten months of fiscal year (2021-22). Overall exports to the United States were $5616.739 million in July-April 2021-22, compared to $4020.901 million in July-April 2021-22. (2020-21).
SBP statistics shows a growth rate of 39.68 percent. Meanwhile, exports to the United States increased by 35.47 percent year over year in April 2022, from $456.326 million to $618.214 million. Similarly, exports to the United States increased by 28.91 percent month over month in April 2022, compared to exports of $588.250 million in March 2022, according to SBP data. According to SBP data, Pakistan’s exports to all nations increased by 27.76 percent in 10 months, jumping from $21.016 billion to $26.852 billion. Imports from the United States, on the other hand, totaled $2478.032 million in July-April, compared to $1990.563 million the previous year, a 24.48 percent rise (2021-22).
Meanwhile, imports from the United States climbed 17.96 percent year over year in April 2022, from $212.443 million to $250.615 million. Imports from the United States increased by 30.86 percent month over month in April 2022, compared to $278.008 million in March 2021, according to SBP data. From $43.036 billion to $59.799 billion, total imports climbed by 38.95 percent. The trade surplus for the period under consideration was $3138.707 million, up from $2030.338 million in the same period last year, or a 54.59 percent increase.