Jun 04, 2020 (MLN): Pakistan's trade deficit for 11 months (July-May) FY20 was USD 21.06 billion compared to a deficit of USD 29.15 billion from the corresponding period from FY19.
According to data released by the Pakistan Bureau of Statistics (PBS), the trade deficit for the month of May 2020 was recorded at USD 1.46 billion compared to a deficit of USD2.247 billion from April 2020 showing an improvement of 35.02 percent.
Compared to May 2019 deficit of USD 2.921 billion, the trade numbers improved by 50.02 percent
Exports increased by 45.35 percent to USD 1.391 billion compared to USD 0.957 billion in April 2020.
However compared to May 2019 exports decreased by 33.64 percent
Imports in May 2020 decreased by 11.02 percent, clocking in at USD 2.851 billion compared to USD 3.204 billion in April 2020.
Similarly compared to May 2019 imports decreased by 43.17 percent
Overall the 11 month exports stood at USD 19.796 billion compared to USD 21.256 from the corresponding period of last year, showing an increase of -6.87 percent. Similarly Imports during the period decreased by 18.96 percent to USD 40.854 billion compared to USD 50.41 from the same period of FY19.
