Pakistan’s shipments to USA surged by 19% YoY during Jul-Apr FY21
MG News | May 28, 2021 at 12:31 PM GMT+05:00
May 28, 2021 (MLN): USA remained as the top export destination for Pakistan with $4billion worth of shipments in Jul-Apr FY21, against the exports of $3.37bn in the same period of last year, showing an increase of 19% YoY.
According to the Country-wise trade data released by SBP, UK appeared as the second major destination country during the period under review wherein Pakistan exported goods worth $1.69bn against the exports of $1.38bn from July to Apr FY20, marking a growth of 22% YoY.
This was followed by China, wherein the total exports to the country during the said period swelled by 16% YoY to $1.64bn from the exports of $1.4bn recorded in the corresponding period a year ago.
Next in line is Germany and UAE, Pakistani exports to them pegged at $1.245bn and $1.2bn during 10MFY21, respectively. Exports to Germany depicted a jump of 12% YoY, while exports to UAE dipped by 12% YoY.
Among other countries, Pakistani exports to the Netherlands (Holland) during 10MFY21 stood at $922.8 million, up by 9% YoY, followed by Afghanistan and Spain with $828.7mn and $668.8mn respectively, the data revealed.
Meanwhile, in the month of April’21 alone, Pakistan exported $456mn worth of goods and services to the USA which was 73% higher compared to April’20 figures while 6% lesser compared to the previous month’s exports.
This was followed by China and UK with shipments worth $235mn (up 109% YoY, down 2% MoM) and $183.97mn (up 74% YoY, down 7% MoM) respectively.
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 165,596.07 264.75M | -0.54% -902.76 |
| ALLSHR | 100,017.71 623.24M | -0.46% -463.69 |
| KSE30 | 49,464.92 86.97M | -0.60% -299.08 |
| KMI30 | 238,952.40 97.00M | -0.58% -1388.16 |
| KMIALLSHR | 65,314.16 323.73M | -0.44% -285.47 |
| BKTi | 44,788.98 46.84M | -0.77% -347.65 |
| OGTi | 35,107.09 7.04M | -0.41% -145.22 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 79,165.00 | 0.00 0.00 | -45.00 -0.06% |
| BRENT CRUDE | 109.47 | 109.75 106.26 | 3.75 3.55% |
| RICHARDS BAY COAL MONTHLY | 110.00 | 0.00 0.00 | -2.95 -2.61% |
| ROTTERDAM COAL MONTHLY | 109.00 | 109.00 108.75 | 1.25 1.16% |
| USD RBD PALM OLEIN | 1,191.50 | 1,191.50 1,191.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 101.16 | 0.00 0.00 | 0.14 0.14% |
| SUGAR #11 WORLD | 14.78 | 15.07 14.67 | -0.21 -1.40% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
Savings Mobilized by National Savings Schemes