ISLAMABAD: In a report recently released showed that the US exports to Pakistan have been increased by 10.9 percent during July-November 2020.
According to the report data released by the US Department of Commerce also shows that Pakistan’s exports to the US increased from 1.65 billion in July-November 2019 to 83 1.83 billion in the same period in 2020.
Last year, in November, Pakistan exported goods worth 386.3 million to the United States while total imports were 278.8 million. Thus Pakistan earned 10 107.5 million from this bilateral trade.
In January Pakistan exported goods worth 34 347.8 million. Exports of goods to the United States were valued at 31 315 million an increase of 28 32.8 million. Pakistan benefited the most in August 2020 when its exports stood at 34 344.5 million against its total imports of 13 134.9 million.
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Thus Pakistan earned 20 209 million but in February 2020 Pakistan earned 310 million. Exports to the United States amounted to 289.2 million, compared to a total import of 33 3.3 million, bringing in 24.1 million in February.
Overall Pakistan’s exports to the United States from January to November 2020 stood at 3.5 billion while imports stood at 2.477 billion a profit of 1.237 billion. Pakistan’s exports recovered in the first quarter of the fiscal year 2021 to 5.5 billion compared to a 14-year low of 4 4 billion in the fourth quarter affected by a coronavirus in 2020.
