Pakistan's Trade deficit improves by 28.4 percent during July-January of FY20

Feb 07, 2020 (MLN): Pakistan's trade deficit for 7 months (July-January) FY20 was USD 13.75 billion compared to a deficit of USD 19.20 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 January 2020 was recorded at USD 2.067 billion compared to a deficit of USD2.044 billion from December 2019 showing the deficit worsened by 1.13 percent.

Compared to January 2019 deficit of USD 2.433 billion, the trade numbers improved by 15.04 percent

Exports decreased by 1.15 percent to USD 1.97 billion compared to USD 1.993 billion in December 2019.

Similarly compared to January 2019 exports decreased by 3.19 percent

Ironically on a monthly basis, according to the published data, imports in January 2020 remained unchanged, clocking in at USD 4.037 billion, compared to USD 4.037 billion in December 2019.

However compared to January 2019 imports decreased by 9.63 percent

Overall the 7 month exports stood at USD 13.498 billion compared to USD 13.216 from the corresponding period of last year, showing a decrease of 2.13 percent. However Imports during the period decreased by 15.95 percent to USD 27.249 billion compared to USD 32.42 from the same period of FY19.

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