Breakup of trade data in August: PBS

September 16, 2024 (MLN): Pakistan's revised trade deficit for August clocked in at $1.772 billion compared to a deficit of $1.971bn from the previous month, reflecting an improvement of 10%, according to the revised data released by the Pakistan Bureau of Statistics (PBS).

Meanwhile, compared to August 2023's deficit of $2.162bn, the trade deficit has dropped significantly by 18.04%.

Exports surged by 19.72% to $2.762bn compared to $2.366bn in August 2024.

Likewise, imports in August 2024 also increased 7.54% to $4.534bn compared to $4.216bn in the previous month.

According to the provisional figures compiled by PBS, in Pakistani Rupees terms, exports in August 2024 amounted to Rs769.4bn (provisional) as against Rs642.272bn in August, 2024 and Rs695.137bn during August, 2023 showing an increase of 19.79% over July, 2024 and 10.68% over August 2023.

Main commodities of exports during August, 2024 were Knitwear (Rs128.937bn), Readymade garments 
(Rs.101.124bn), Bed wear (Rs80.901bn), Cotton Cloth (Rs50.835bn), Rice others (Rs44.244bn), Towels (Rs28.041bn), Rice Basmati (Rs27.876bn), Madeup articles (excl towels & bedwear)
(Rs19.868bn), Cotton yarn (Rs15.275bn) and Plastic materials (Rs13.979bn).

Imports in PKR terms in August 2024 amounted to Rs1.263 trillion (provisional) as against Rs1.174tr in July, 2024 and Rs1.315tr during August, 2023 showing a rise of 7.6% over July, 2024 but a decrease of 3.93% over August 2023.

Main commodities of imports during August, 2024 were Petroleum crude (Rs162.679bn), 
Natural gas, liquified (Rs106.422bn), Petroleum products (Rs95.288bn), 
Palm oil (Rs71.293bn), Electric machinery & apparatus (Rs70.488bn), Plastic materials (Rs53.463bn), Iron & Steel (Rs34.191bn), Fertilizer manufactured (Rs28.836bn), Medicinal products 
(Rs28.558bn) and Motor cars (CKD/SKD) (Rs27.580bn).

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