Pakistan’s trade with Holland grows 107.62% in FY21

ISLAMABAD: Pakistan’s goods and services trade with Holland witnessed a growth of 107.62 per cent during the fiscal year 2020/21, compared with the corresponding period of the last year, the State Bank of Pakistan (SBP) reported.

The overall exports to Holland were recorded at $1.118 billion during July-June 2020/21 against the exports of $982.263 million during July-June 2019/20, showing a growth of 13.82 per cent, it added.

Meanwhile, on a year-on-year basis, the exports to Holland during June 2021 also increased 44.29 per cent, from $74.846 million as against the exports of $108 million.

On a month-on-month basis, the exports to Holland rose 23.74 per cent during June 2021, compared with the exports of $87.273 million in May 2021, the SBP data revealed.

Overall Pakistan’s exports to other countries witnessed a growth of 13.72 per cent during FY 2020/21 from $22.536 billion to $25.629 billion, the SBP data showed.

Similarly, the imports from Holland during the period under review were recorded at $465.645 million against $668.013 million last year, showing a negative growth of 30.29 per cent during FY 2020/21.

Meanwhile, on a year-on-year basis, the imports from Holland during June 2021 also decreased 26.63 per cent to $28.073 million from $38.264 million last year.

On a month-on-month basis, the imports from Holland dipped 4.22 per cent during June 2021, compared with the imports of $29.312 million in May 2021, the SBP data showed.

The overall imports increased 23.23 per cent to $53.784 billion from $43.645 billion, according to the data.

The trade surplus during the period under review was recorded at $652.448 million against $314.250 million during the same period of the last year, showing a growth of 107.62 per cent.

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