Breakup of trade data in Oct: PBS

November 15, 2024 (MLN): Pakistan's revised trade deficit for September was $1.607 billion, compared to $1.82bn the previous month, reflecting an 11.7% improvement, according to revised data released by the Pakistan Bureau of Statistics (PBS).

Similarly, the trade deficit has dropped 20.69% compared to October 2023's deficit of $2.174bn.

Exports increased by 5.22% to $2.984bn compared to $2.836bn in September 2024.

Conversely, imports in October 2024 fell 1.4% to $4.591bn compared to $4.656bn in the previous month.

According to the provisional figures compiled by PBS, in Pakistani Rupees terms, exports from Pakistan during October, 2024 amounted to Rs828.439bn (provisional) as against Rs789.22bn in September, 2024 and Rs753.767bn dring October, 2023 showing an increase of 4.97% over September, 2024 and of 9.91% over October, 2023.

Main commodities of exports during October, 2024 were Knitwear (Rs136.359bn), Readymade garments (Rs100.547bn), Rice others (Rs81.544bn), Bed wear (Rs76.281bn), Cotton cloth (Rs43.251bn), Towels (Rs26.42bn), Oil seeds, Nuts & Kernals (Rs26.289bn), Madeup articles (excl towels & bedwear) (Rs20.198bn), Basmati rice (Rs19.064bn) and Cotton yarn (Rs16.433bn).

Imports in PKR terms during October, 2024 amounted to Rs1.274tr (provisional) as against Rs1,295tr in September, 2024 and Rs1,363trn during October, 2023 showing a decrease of 1.59% over September, 2024 and of 6.49% over October, 2023.

Main commodities of imports during October, 2024 were Petroleum products (Rs110.620bn), Petroleum crude (Rs85.05bn), Natural gas liquified (Rs77.45bn), Palm oil (Rs76.73bn), Plastic materials (Rs.62.643bn), Iron & steel (Rs57.89bn), Electrical machinery & apparatus (Rs50.42bn), Mobile phones (Rs48.41bn), Fertilizer manufactured (Rs32.57bn) and Iron & steel scrap (Rs28.2bn).

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