According to latest PBS data, total balance of trade deficit during the months of July– January FY ‘18 stood at $ -21.546 billion against -17.351 billion during July – January FY ‘17; a rise of 24.18% during the period. Imports for the cumulative period increased by 18.92% reaching a total sum of $ 34.512 billion despite Government’s efforts to reduce imports. However, during the cumulative period exports jumped by 13.19% to reach $ 12.966 billion vs. $ 11.67 billion last year.
Month on month exports during January fell by 0.30% to clock in at $ 1.971 billion against $ 1.977 billion during December, 2017. However, the imports took a spike upward by 14.20% to reach a sum of $ 5.607 billion. The SRO imposed by Government during the month of October last year yielded no positive results to curb the imports.
(U.S. Dollar in Million) (Rupees in Million)
Month on Month Trade Data – PBS
Series
January, 2018
December, 2017
% Change in January, 2018 over December, 2017
Rs.
$
Rs.
$
Rs.
$
Exports
217,588
1,971
214877
1977
1.26
-0.30
Imports
618,979
5,607
533,670
4,910
15.99
14.20
Balance of Trade
-401,391
-3,636
-318,793
-2,933
25.91
23.97
(U.S. Dollar in Million) (Rupees in Million)
Cumulative (July – January, 2017 – 2018) Trade Data
Series
July – January 2017 – 2018
July – January 2016 – 2017
% Change in July – January 2017 – 2018 over July – January 2016 – 2017
