Pakistan’s export of goods and services to the United States (US) witnessed an increase of 9.78 percent during the first half of fiscal year (2024-25) as compared to the exports of the corresponding months of last year, State Bank of Pakistan (SBP) reported.
The overall exports to the US were recorded at US $3.017 billion during July-December (2024-25) against exports of US $2.748 billion during July-December (2023-24), SBP data revealed.
On a year-to-year basis, the exports to the US also surged to $504.481 million in December 2024 against the export of $449.731 million in December 2023.
Meanwhile, on a month-on-month basis, the exports to the US witnessed an increase of 6.08 percent during December 2024 as compared to the exports of $475.540 million in November 2024, the SBP data revealed.
Overall Pakistan’s exports to other countries witnessed an increase of 7.15 percent in the first six months, from US $15.146 billion to US $16.229 billion, the SBP data revealed.
On the other hand, the imports from the US into the country during the months under review were recorded at US $1080.496 million against US $894.693 million last year, showing an increase of 20.76 percent in July-December (2024-25).
On a year-on-year basis, the imports for the US also increased to US $185.170 million in December 2024, against the export of US $155.755 million in December 2023.
On a month-on-month basis, the imports from the US into the country witnessed a nominal decrease of 18.61 percent during December 2024, as compared to the imports of US $156.115 million during November 2024, according to the data.
The overall imports into the country witnessed an increase of 9.33 per cent, from $25.375 billion to US $27.743 billion, according to the data.