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Boost in Pak-Holland trade as it records 107.62% surplus in FY21

On a month-on-month basis, Pakistan's 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.

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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.

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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.

Chemicals, pharmaceutical products’ exports witness 13.94% increase

Chemicals and Pharmaceutical Products’ exports during the fiscal year of 2020-21 grew by 13.94 per cent as compared to the exports of the corresponding period of last year.

During the period from July-June 20-21, chemicals and pharmaceutical products worth US $1,148,943 thousand exported as compared to worth US $1,008,407 thousand of same period of last year.

According to the data released by the Pakistan Bureau of Statistics, the exports of Plastic Materials increased by 9.03 per cent, worth of US$ 322,709 thousand were exported as compared to the exports of US$ 295,970 thousand of same period of last year.

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Meanwhile, Pharmaceutical Products exports increased by 28.46 per cent, worth US$ 270,142 thousand were also exported in current financial year as compared to the exports of valuing US$ 210,299 thousand of same period of last year.

During the period under view, Other Chemicals exports increased by 10.74 per cent, worth US$ 556,092 thousand were exported in current fiscal year as compared to the exports of valuing US$ 502,138 thousand of same period of last year.

Courtesy: APP