Pak-Holland trade witness upsurge in FY21

ISLAMABAD, Pakistan’s goods and services trade with Holland witnessed surplus of 107.62 percent during fiscal year (2020-21) as compared to the corresponding period of last year.

The overall exports to Holland were recorded at $1118.093 million during July-June (2020-21) against exports of $982.263 million during July-June (2019-20), showing growth of 13.82 percent, according to State Bank of Pakistan (SBP).

Meanwhile, on year-on-year basis, the exports to Holland during June 2021 also increased by 44.29 percent, from $74.846 million as against the exports of $108.000 million.

On month-on-month basis, the exports to Holland rose by 23.74 percent during June 2021 as compared to the exports of $87.273 million in May 2021, the SBP data revealed.

Overall Pakistan’s exports to other countries witnessed growth of 13.72 percent during FY 2020-21, from $22.536 billion to $25.629 billion, the SBP data showed.

On the other hand, the imports from Holland into the country during the period were recorded at $465.645 million against $668.013 million last year, showing negative growth of 30.29 percent during FY 2020-21.

Meanwhile, on year-to-year basis, the imports from Holland during June 2021 also decreased by 26.63 percent, from $38.264 million last year to $28.073 million.

On month-on-month basis, the import from Holland dipped by 4.22 percent during June 2021 when compared to the import of $29.312 million in May 2021, the SBP data revealed.

The overall imports into the country increased by 23.23 percent, from $43.645 billion to $53.784 billion, according to the data.

The trade surplus during the period under review was recorded at $652.448 million against $314.250 million during same period of last year, showing 107.62 percent growth.

he exports from the country witnessed an increase of 16.44 percent during the first month of the current fiscal year (2021-22) as compared to the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported Monday.

According to PBS data, the exports from the country stood at $2.330 billion during July 2021 as against the exports of $2.001 billion recorded during July 2020, showing growth of 16.44 percent

The imports into the country during the month under review also went up by 47.90 percent by growing from $3.674 billion in July 2020 to $5.434 billion in July 2021.

Based on the data, the trade deficit during the month was recorded at $3.104 billion, showing an increase of 85.53 percent over the deficit of $1.673 billion recorded during July 2020, the PBS data reveale

Meanwhile, on month-on-month basis, the exports from the country witnessed negative growth of 14.59 percent during July 2021 when compared to the exports of $2.728 recorded during June 2021.

Likewise, the imports into the country during July 2021 also witnessed 14.45 percent decline when compared to the imports of $6.352 billion in June 2021, according to the PBS data.