Exports rise by 25.51% in FY2022

ISLAMABAD: The country’s exports witnessed a surge of 25.51 percent during the fiscal year 2021-22, compared with the previous fiscal year 2020-2021.

According to the data provided by the Pakistan Bureau of Statistics (PBS), exports were recorded at $31.760 billion during the period of July-June (2021-2022), compared to the previous fiscal year’s export value of $25.304. The overall growth was recorded at 25.51 percent.

Imports during FY2022 also witnessed a jump as the numbers went up by 41.93 percent, recorded at $48.259 billion. Compared to last year’s import bill of $31.076 billion, an increase of 55.29 percent has been recorded.

On month-on-month (MoM) basis, exports increased by 5.83 percent from May 2022 to June 2022. 

Meanwhile, imports coming into the country during June 2022 saw an increase of 21.57 percent, compared with the imports of $6.352 billion in May 2022, according to PBS data.