Pakistan’s Trade deficit improves by 12.8% during July-April FY19

May 15, 2019 (MLN): Pakistan's trade deficit for 10 months (July-April) FY19 was USD 26.30 billion compared to a deficit of USD 30.17 billion from the corresponding period from FY18.

According to data released by the Pakistan Bureau of Statistics (PBS), the trade deficit for the month of April 2019 was recorded at USD 2.659 billion compared to a deficit of USD2.176 billion from March 2019 showing that the deficit worsened by 22.2 percent.

Compared to April 2018's deficit of USD 2.952 billion, the trade numbers improved by 9.93 percent

Exports increased by 5.81 percent to USD 2.094 billion compared to USD 1.979 billion in March 2019.

However compared to April 2018 exports decreased by 1.55 percent

Imports in April 2019 increased by 14.39 percent, clocking in at USD 4.753 billion compared to USD 4.155 billion in March 2019.

However compared to April 2018 imports decreased by 6.42 percent

Overall the 10 month exports stood at USD 19.169 billion compared to USD 19.191 from the corresponding period of last year, showing a decrease of 0.11 percent. Similarly Imports during the period decreased by 7.88 percent to USD 45.471 billion compared to USD 49.36 from the same period of FY18.

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Posted on: 2019-05-15T12:51:00+05:00