ISLAMABAD: Exports from the country surged by 18.68 percent during the first three months of the current fiscal year as against the same period of last year, Federal Bureau of Statistics (FBS) reported.
Exports from the country were recorded at $6.003 billion during July-September (2011-12) as against the exports of $5.058 billion during July-September (2010-11), according to FBS provisional trade data released here Tuesday.
Imports into the country during the period under review also witnessed positive growth of 23.13 percent by growing from $9.029 billion in July-September (2010-11) to $11.117 billion.
Based on the figures, the trade deficit during the first three months of the current year stood at $5.114 billion as against the deficit of $2.971 billion during last year, showing an increase of 28.78 percent in deficit.
On the other hand, on monthly basis, the exports from the country during September 2011 increased by 15.25 percent when compared to the exports of the same month of last year.
Exports during September 2011 stood at $1.836 billion against the exports of $1.593 billion during September 2010, the FBS figures revealed.
The imports also increased from $2.781 billion in September 2010 to $3.622 billion during September 2011, showing growth of 30.24 percent.
Based on the figures the trade deficit during September stood at $1.786 billion, showing an increase of 50.34 percent when compared to the deficit of $1.188 billion in September 2010.
However, both exports and imports during September 2011 witnessed negative growth of 6.52 percent and 4.83 percent respectively when compared with the trade of August 2011.
Exports during August 2011 were recorded at $1.964 billion where as the imports stood at $3.806 billion the data revealed.
Based on the figures, the trade deficit during September was recorded at 1.786 billion, showing decrease of 3.04 percent when compared to the deficit of 1.842 billion in August 2011.
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