ISLAMABAD: Pakistan’s exports of goods and services to United State of America (USA) witnessed a decrease of 9.88 percent during the first month of current fiscal year (2020-21) as compared to the exports of corresponding period of last year, State Bank of Pakistan (SBP) reported.

The overall exports to USA were recorded at US $ 336.640 million during July 2020 against exports of US $ 373.548 million during July 2019, showing negative growth of 9.88 percent, SBP data revealed.

Overall Pakistan’s exports to other countries witnessed decline of 14.57 percent in first month, from US $ 2.216 billion to US $ 1.893 billion, the SBP data revealed.

On the other hand, the imports from USA into the country during the period under review was recorded at US $ 152.512 million against US $ 128.997 million last year, showing growth of 18.22 percent in July 2020.

The overall imports into the country however decreased by 13.26 percent, from US $ 4.184 billion to US $ 3.629 billion, according to the data.

Based on the trade figures, the trade of goods and services with USA witnessed decrease of 24.70 percent in surplus during July 2020 as compared to the corresponding period of last year.

The surplus during the period under review was recorded at US $ 184.128 million against US $ 244.551 million during same period of last year, showing negative growth of 24.70 percent, the data revealed.