Trade surplus with Afghanistan jumps 44%

ISLAMABAD, Mar 10 (APP):The country’s trade surplus with Afghanistan jumped
44 percent in January 2019 as the value of surplus rose to US$127.819
million in the month as compared to the surplus worth of $88.749 million in
same month of previous year.
The trade surplus during first seven months (July-January) of current
fiscal year however decreased by 23.7 percent as the trade surplus fell to
$577.624 million in Jul-Jan (2018-19) from $757.326 million in same period
of last year, according to latest data released by State Bank of Pakistan
(SBP).
The country’s export of goods to Afghanistan increased by 33.61 percent in
January 2019 as compared to the same month a year ago as the exports to
Afghanistan rose to US$ 141.414 million in January this year from $105.836
million in January 2018.
On month-on-month basis, the exports to the country also increased by 90
percent during the period under review as compared to exports worth of
$74.193 million recorded during December 2018.
On average the exports to Afghanistan, however witnessed a decline of 19.96
percent during July-January 2018-19 as compared to same period of last year
as the exports fell to $676.335 million from $845.068 million during
July-January 2017-18.
Similarly the imports of goods from Afghanistan during first seven months
of current fiscal year increased by 12.5 percent as it rose to $98.711
million in July-January (2018-19) from $87.942 million worth of imports
recorded during same period of the year 2017-18.
On yearly basis, the imports from the country declined by 20.4 percent from
$17.087 million in January 2018 to $13.595 million in same month of current
year while on monthly basis, the imports increased by 32.8 percent as
during December 2018, the imports stood at $10.231 million.
The Pakistan’s trade surplus with Afghanistan during January stood at
$124.327 million while during first seven months (Jul-Jan) of current
fiscal year the trade balance remained $577.624 million.