Staff Report
ISLAMABAD: The goods and services trade of Pakistan with Bangladesh witnessed a surplus of 18.64 percent during the first five months of the current fiscal year (2022-23) compared to the corresponding period of 2021-22.
The trade surplus during the months under review was registered at $329.668 million against $277.863 million during the same months of last year, witnessing 18.64 percent growth.
The overall exports of Pakistan to Bangladesh were recorded at $365.290 million from July to November (2022-23) against exports of $ 316.680 million from July to November (2021-22), showing growth of 15.34 percent, SBP data revealed.
Meanwhile, on a year-to-year basis, exports to Bangladesh during November 2022 witnessed a nominal decrease of 2.66 percent, from US $ 72.356 million to US $70.431 million.
Growth in bilateral trade
Similarly, on a month-on-month basis, exports of Bangladesh rose by 16.69 percent during November 2022 compared with exports of US $ 60.355 million in October 2022, SBP data stated.
The SBP data revealed that overall, Pakistan’s exports to other countries registered a decrease of 2.01 percent in the first five months, from US $ 12.313 billion to US $ 12.065 billion.
Meanwhile, the imports from Bangladesh during the same duration were recorded at $ 35.622 million against $38.817 million last year, showing a decrease of 8.23 percent.
Similarly, on a year-to-year basis, imports from Bangladesh during November 2022 decreased by 18.25 percent from US $10.559 million last year to US $8.631 million.
On a month-on-month basis, the import from Bangladesh increased by 20.37 percent during November 2022 when compared to the import of US $7.170 million in October 2022, SBP data said.
According to the data, the overall imports into the country witnessed a decrease of 16.15 percent, from $29.663 billion to US $ 24.872 billion.
