ISLAMABAD: Pakistan’s export of goods and services to the United States (US) has seen an increase of 1.62 percent during the first two months of the current fiscal year (2024-25) against the exports of the corresponding months of last year, State Bank of Pakistan (SBP) reported on Wednesday.
The SBP data revealed that overall exports to the US were recorded at US $949.855 million during July-August (2024-25) as compared to the exports of US $934.666 billion during July-August (2023-24).
On a year-to-year basis, the exports to the US reduced to $473.838 million in August 2024 against the export of $494.774 million in August 2023.
Meanwhile, on a month-on-month basis, the exports to the US registered a nominal decrease of 0.45 percent during August 2024 as compared to the exports of $476.017 million in July 2024, the SBP data revealed.
Overall Pakistan’s exports to other nation recorded an increase of 7.18 percent in the first two months, from US $4536.015 million to US $4862.017 million, the SBP data revealed.
On the other hand, the imports from the US into the country during the months stood at US $370.661 million against US $350.977 million last year, showing a rise of 5.60 percent in July-August (2024-25).
On a year-on-year basis, the imports for the US also jacked up to US $185.606 million in August 2024, against the export of US $176.497 million in August 2023.
According to the data, on a month-on-month basis, the imports from the US into the country registered a nominal decrease of 0.29 percent during August 2024, as compared to the imports of US $185.055 million during July 2024.
The overall imports into the country saw an increase of 13.82 per cent, from $8376.052 million to US $9533.997 billion, according to the data.
