Trade deficit narrows over 4% in October

November 2025 (MLN): Pakistan’s merchandise trade deficit narrowed by 4.21% month-on-month to $3.21 billion in October 2025, as exports posted a sharp rebound while import growth remained modest, according to provisional data released by the Pakistan Bureau of Statistics (PBS).

Exports climbed to $2.85bn, marking a 14.01% increase from $2.50bn in September, driven by improved shipments of textiles, food, and petroleum-related goods.

Meanwhile, imports inched up 3.57% to $6.06bn from $5.85bn a month earlier.

On a yearly basis, exports decreased by 4.46%, while imports edged 20.18% higher compared to October 2024.

During the first four months of FY26 (July–October 2025), the cumulative trade deficit widened sharply by 38.04% year-on-year to $12.58bn, as imports outpaced exports.

Cumulative exports during this period stood at $10.45bn, down 4.04% from $10.89bn last year, while imports climbed 15.13% to $23.03bn from $20bn in the same period of FY25.