Pakistan's Trade deficit improves by 30.67 percent during July-December of FY20

Jan 06, 2020 (MLN): Pakistan's trade deficit for 6 months (July-December) FY20 was USD 11.63 billion compared to a deficit of USD 16.77 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 December 2019 was recorded at USD 1.96 billion compared to a deficit of USD1.929 billion from November 2019 showing the deficit worsened by 1.61 percent.

Compared to December 2018 deficit of USD 2.333 billion, the trade numbers improved by 15.99 percent

Exports decreased by 1.04 percent to USD 1.99 billion compared to USD 2.011 billion in November 2019.

Similarly compared to December 2018 exports decreased by 3.96 percent

Imports in December 2019 increased by 0.25 percent, clocking in at USD 3.95 billion compared to USD 3.94 billion in November 2019.

However compared to December 2018 imports decreased by 10.33 percent

Overall the 6 month exports stood at USD 11.535 billion compared to USD 11.181 from the corresponding period of last year, showing a decrease of 3.17 percent. However Imports during the period decreased by 17.13 percent to USD 23.163 billion compared to USD 27.952 from the same period of FY19.

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