Pak-Italy trade witnesses over 104% surplus in 4 months

MG News | December 09, 2022 at 04:11 PM GMT+05:00
December 09, 2022: Pakistan’s goods and services trade with Italy witnessed a surplus of 104.10 percent during the first four months of the current fiscal year (2022-23) as compared to the corresponding period of last year.
Trade surplus during the months under review was recorded at $198.550 million against $97.276 million last year, showing 10.65 percent growth.
The overall exports to Italy were recorded at US $401.020 million during July-October this year against exports of US $327.871 million during the same months last year, showing an increase of 22.31 percent, SBP data revealed.
Meanwhile, on a year-on-year basis, exports to Italy during October 2022 also increased by 23.63 percent from US $ 75.095 million to US $ 92.842 million.
Similarly, month-on-month exports to Italy dipped by 16.38 percent during October 2022 as compared with exports of US $ 111.038 million in September 2022, the SBP data said.
Overall Pakistan’s exports to all countries witnessed an increase of 2.60 percent in four months, from US $9576.107 million to US $9825.020 million, the SBP data said.
On the other hand, imports from Italy during the months under review were recorded at US $202.470 million against US $230.595 million of last year, showing a decrease of 12.19 percent in July-October (2022-23).
Meanwhile, year-on-year imports from Italy during October 2022 also decreased by 33.70 percent from US $48.803 million last year to US $32.353 million.
On a month-on-month basis, the imports from Italy decreased by 39.66 percent during October 2022 as compared to the import of US $53.621 million in September 2022, SBP data said.
The overall imports decreased by 11.66 percent, from US $23324.945 million to US $20617.080 million during the period under review.
APP
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 138,665.50 299.28M | 1.68% 2285.53 |
ALLSHR | 85,699.50 778.48M | 1.24% 1051.15 |
KSE30 | 42,353.14 103.20M | 1.94% 806.91 |
KMI30 | 195,182.04 107.99M | 1.81% 3462.27 |
KMIALLSHR | 56,389.15 437.73M | 1.01% 561.42 |
BKTi | 38,422.98 17.31M | 1.57% 595.37 |
OGTi | 27,718.26 13.25M | 0.17% 47.58 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 120,005.00 | 120,125.00 117,720.00 | 375.00 0.31% |
BRENT CRUDE | 69.45 | 69.47 68.27 | 0.93 1.36% |
RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 0.95 0.99% |
ROTTERDAM COAL MONTHLY | 105.00 | 105.00 105.00 | -0.15 -0.14% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
CRUDE OIL - WTI | 67.49 | 67.54 66.29 | 1.11 1.67% |
SUGAR #11 WORLD | 16.75 | 16.88 16.54 | 0.19 1.15% |
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 |
---|