Inside Financial Markets
Pakistan’s exports to Afghanistan decrease 14.13% in 7 months - Inside Financial Markets

Pakistan’s exports to Afghanistan decrease 14.13% in 7 months

– Associated Press of Pakistan

 Pakistan’s exports of goods and services to Afghanistan witnessed a decrease of 14.13 percent during the seven months of current financial year (2020-21) as compared to the corresponding period of last year, State Bank of Pakistan (SBP) reported.

The overall exports to Afghanistan were recorded at $543.650 million during July-January (2020-21) against exports of $633.121 million during July-January (2019-20), showing negative growth of 14.13 percent, SBP data revealed.

On year-to-year basis, the exports to Afghanistan during January 2021 however witnessed increase of 3.75 percent, from $89.963 million last year to $93.341 million.

On month-on-month basis, the exports to Afghanistan also rose by 13.56 percent during January 2021 when compared to the exports of $82.195 million in December 2020.

Overall Pakistan’s exports to other countries witnessed decline of 3.80 percent in seven months, from $14.445 billion to $13.896 billion, the SBP data revealed.

On the other hand, the imports from Afghanistan into the country during the period under review were recorded at $107.461 million against $87.237 million last year, showing increase of 23.18 percent in (July-January) 2020-21.

On year-to-year basis, the imports from Afghanistan during January 2021 also rose by 193.53 percent, from $9.447 million last year to $27.730 million.

On month-on-month basis, the import from Afghanistan however decreased by 7.10 percent during January 2021 when compared to the import of $29.852 million in December 2020, the SBP data revealed.

The overall imports into the country witnessed increase of 6.12 percent, from $26.044 billion to $27.639 billion, according to the data.

Syed Zaki Hussain

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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)