Imports rise by 7.49 percent in FY21

March 03, 2021 (MLN): Pakistan's trade deficit for 8 months (July-February) FY21 was USD 17.54 billion compared to a deficit of USD 15.85 billion from the corresponding period from FY20.

According to data released by the Pakistan Bureau of Statistics (PBS), the trade deficit for the month of February 2021 was recorded at USD 2.517 billion compared to a deficit of USD 2.674 billion from January 2021 showing an improvement of 5.87 percent.

Compared to February 2020 deficit of USD 2.031 billion, the trade numbers deteriorated by 23.93 percent.

Exports decreased by 4.52 percent to USD 2.049 billion compared to USD 2.146 billion in January 2021.

Similarly compared to February 2020 exports decreased by 4.12 percent

Imports in February 2021 decreased by 5.27 percent, clocking in at USD 4.566 billion compared to USD 4.82 billion in January 2021.

However compared to February 2020 imports increased by 9.55 percent

Overall the 8 month exports stood at USD 16.304 billion compared to USD 15.633 from the corresponding period of last year, showing a decrease of 4.29 percent. Similarly Imports during the period increased by 7.49 percent to USD 33.84 billion compared to USD 31.483 from the same period of FY20.

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Posted on: 2021-03-03T21:00:00+05:00