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$2bn trade surplus with N. America

Updated November 21, 2014

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— AFP/File
— AFP/File

ISLAMABAD: Pakistan posted a surplus of more than 116 per cent in trade with North America in 2012-13 as its exports exceeded imports by over $2 billion.

The region, especially the United States, has emerged as a leading exports destination for Pakistan’s products on the back of a string of facilitation measures taken in the last decade.

According to the Ministry of Commerce, Pakistan’s exports to North America stood at $3.873bn in FY13 as against $3.854bn in FY12, reflecting a marginal increase of 0.52pc. Imports from North America grew by 4.63pc to $1.787bn in 2012-13 compared with $1.708bn in the previous year.

In the past decade, the United States, with 91 per cent average share, was the largest destination for Pakistan’s exports, followed Canada and Mexico.

Published in Dawn, November 21th, 2014