The jump was also fired by a surge in commodity prices -- iron ore is at a record and copper close to one -- electronics and integrated circuits, which are then mostly turned around before being shipped abroad.
The palm oil imports during July-March (2020-21) were recorded at $1860.935 million against the imports of $1380.245 million during July-March (2019-20).
The palm oil imports during July-March (2020-21) were recorded at $1860.935 million against the imports of $1380.245 million during July-March (2019-20).
"Refineries in the main importing regions of Quebec and Atlantic Canada have been slower to recover from the pandemic impacts compared to refineries in the rest of Canada," the CER said in its analysis.
China's overall trade surplus was $13.8 billion, the customs data showed, while its trade surplus with the United States was $21.4 billion, up about 40 percent on-year.
PRIME’s latest report timely informs of a window of opportunity - the Regional Comprehensive Economic Partnership (RCEP) - offering immense trade and investment potential.
Joining RCEP can trigger Pakistan’s untapped potential in various domains such as ICT services, mobile manufacturing, health and pharmaceutical sector, agricultural commodities, geographical diversification of export, investment diversification, and trade and investment policy.
The country imported petroleum group worth US $6445.601 million during July-February (2020-21) against the imports of US $ 8232.294 million during July-February (2019-20).
Statement comes following Pakistan's decision not to import sugar and cotton from India.
Pakistan has said that there will be no trade with the neighbor until India reverses its 2019 decision under which Jammu and Kashmir was stripped of its special constitutional status.
Exports in March totaled $24.5bn and imports were $23.0bn, the ministry said, adding that total trade flows of $47.5bn in the month were up almost 40% from a year earlier.