Breakup of trade data in Sep: PBS

October 18, 2024 (MLN): Pakistan's revised trade deficit for September was $1.83 billion, compared to $1.772bn the previous month, reflecting a 3.39% rise, according to revised data released by the Pakistan Bureau of Statistics (PBS).

Meanwhile, the trade deficit has widened by 20.69% compared to September 2023's deficit of $1.52bn.

Exports increased by 2.82% to $2.84bn compared to $2.76bn in August 2024.

Likewise, imports in September 2024 also rose 3.61% to $4.67bn compared to $4.51bn in the previous month.

According to the provisional figures compiled by PBS, in Pakistani Rupees terms, exports from Pakistan during September, 2024 amounted to Rs790.12bn (provisional) as against Rs769.4bn in August, 2024 and Rs735.69bn during September, 2023 showing an increase of 2.69% over August, 2024 and of 7.40% over September, 2023.

Main commodities of exports during September, 2024 were Knitwear (Rs124.743bn), Readymade garments (Rs94.151bn), Bed wear (Rs80.751bn), Cotton Cloth (Rs55.93bn), Rice others (Rs51.93bn), Towels (Rs25.2bn), Oil seeds, Nuts & Kernals (Rs24.92bn), Madeup articles (excl towels & bedwear) (Rs19.94bn), Basmati rice (Rs19.63bn) and Cotton yarn (Rs14.47bn).

Imports in PKR terms in September 2024 amounted to Rs1.3 trillion (provisional) as against Rs1.26tr in August, 2024 and Rs1.176tr during September, 2023 showing an increase of 3.50% over August, 2024 and of 10.54% over September, 2023.

Main commodities of imports during September, 2024 were Petroleum crude (Rs143bn), Petroleum crude (Rs133.04bn), Natural gas liquified (Rs87bn), Electrical machinery & apparatus (Rs75.91bn), Palm oil (Rs69.9bn), Iron & steel (Rs51.42bn), Plastic materials (Rs50.16bn), Fertilizer manufactured (Rs29.72bn), Mobile phones (Rs28.56bn) and Medicinal products (Rs27.19bn).

Copyright Mettis Link News