Breakup of Pakistan's trade data in June: PBS

July 19, 2024 (MLN): Pakistan's revised trade deficit in June 2024 clocked in at $2.42 billion compared to a deficit of $1.83bn in the same month last year, reflecting a rise of 32.2% YoY, according to the revised data released by the Pakistan Bureau of Statistics (PBS).

Meanwhile, compared to May 2024's deficit of $2.08bn, the trade deficit has expanded by 16.7%.

The cumulative trade deficit during fiscal year 2023-24 was $24.12bn, an improvement of 12.2% compared to last year's deficit of $27.47bn.

Exports in June 2024 rose by 8.7% YoY to $2.56bn compared to $2.36bn in June 2023.

In Pakistani Rupee terms, exports in June 2024 amounted to Rs712.89 billion, up 5.6% from Rs675.27bn in June 2023.

Main commodities of exports in June 2024 were Knitwear (Rs119bn), Readymade garments (Rs90bn), Bed wear (Rs65bn), Rice others (Rs56bn), Cotton Cloth (Rs38bn), Rice Basmati (Rs29bnn), Towels (Rs24bn), Madeup articles (excl towels & bedwear) (Rs17bn), Fruits (Rs14bn) and Cotton yarn (Rs13bn).

While imports increased by 19.0% YoY to $4.98bn compared to $4.19bn in June 2023.

Imports in PKR terms amounted to Rs1.38 trillion as against Rs1.39 trillion as against Rs1.2tr in June 2023 showing an increase of 15.6%.

Main commodities of imports in June 2024 were Petroleum products (Rs191bn), Petroleum crude (Rs129bn), Natural gas, liquified (Rs103bn), Electric machinery & apparatus (Rs88bn), Mobile Phones (Rs78bn), Palm oil (Rs69bn), Plastic materials (Rs53bn), Iron & Steel (Rs49bn), Motor cars (CKD/SKD) (Rs29bn) and Iron and steel scrap (Rs27bn).

Copyright Mettis Link News