Pakistan's July-Mar Trade Deficit at $ 27.299 billion

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MG News | April 09, 2018 at 06:52 PM GMT+05:00

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According to figures released by the Pakistan Bureau of Statistics, Pakistan’s July-Mar trade deficit amounted to USD -23.272 billion, an increase of 17.30 percent when compared to the same period last year.

However, the monthly trade deficit in March increases by 5.32 percent after balance of trade clocked in at $ -3.049 billion as imports increased by more than 10.07 percent during the month of March.

Exports recorded a 17.07 percent increase upwards after total exports during the cumulative period increased by 13.14 percent increasing by $ 2 billion to reach $17.080 billion. On the flipside, however, imports jumped higher than exports by 15.66 percent reaching 44.379 billion during the July – March, 2018.

Trade Summary

Series

*July – March 2017 – 2018

July – March 2016 – 2017

% Change in July – March 2017 – 2018 over July – March 2016 – 2017

 

Rs.

$

Rs.

$

Rs.

$

Exports

1,840,608

17,080

1,580,359

15,097

16.47

13.14

Imports

4,779,859

44,379

4,016,558

38,369

19.00

15.66

Balance of Trade

-2,939,251

-27,299

-2,436,199

-23,272

20.65

17.30

*Provisional Figures based on figures provided by the Director (F&S) FBR, Islamabad

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