Breakup of trade data in December: PBS

January 20, 2025 (MLN): Pakistan's revised trade deficit for December increased to $2.47 billion, up from $1.66bn in the previous month, marking a 48.47% rise, according to revised data released by the Pakistan Bureau of Statistics (PBS).

Similarly, the trade deficit has surged by 36.5% compared to December 2023's deficit of $1.81bn.

The balance of trade figures cumulative from July – December 2024 (FY2024-25) was (-)3.11 trillion in terms of Rupees and (-)11.2bn in US dollars.

Exports increased by 3.44% to $2.91bn compared to $2.82bn in December 2023.

Imports in November 2024 soared by 16.38% to $5.39bn compared to $4.63bn in the previous month.

According to the provisional figures compiled by the Pakistan Bureau of Statistics, exports from Pakistan during December 2024 amounted to Rs811,765m (provisional) as against Rs786,953m in November 2024 and Rs799,545m during December 2023 showing an increase of 3.15% over November 2024 and of 1.53% over December 2023

The main commodities of exports during December 2024 were Knitwear (Rs108,941m), Readymade garments (Rs99,330m), Rice others (Rs86,797m), Bed wear (Rs71,252m), Cotton cloth (Rs41,388m), Sugar (Rs40,565m), Towels (Rs24,549m), Pharmaceutical products (Rs17,634m), Cotton yarn (Rs17,456m) and Madeup articles (excl towels & bedwear) (Rs16,404m).

Imports into Pakistan during December 2024 amounted to Rs1,500,173m (provisional) as against Rs1,250,062m in November 2024 and Rs1,313,026m during December 2023 showing an increase of 20% over November 2024 and 14.25% over December 2023.

Main commodities of imports during December 2024 were Petroleum products (Rs162,467m), Petroleum crude (Rs146,353m), Natural gas liquified (LNG) (Rs96,290m), Electrical machinery & apparatus (Rs81,286m), Palm oil (Rs78,048m), Plastic materials (Rs65,636m), Mobile phones (Rs45,405m), Iron & steel (Rs41,961m), Raw cotton (Rs36,038m) and Pulses (Leguminous vegetables) (Rs34,244m).

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