Pakistan's Trade deficit improves by 34.85 percent during July-September of FY20

Oct 11, 2019 (MLN): Pakistan's trade deficit for 3 months (July-September) FY20 was USD 5.73 billion compared to a deficit of USD 8.79 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 September 2019 was recorded at USD 2.016 billion compared to a deficit of USD1.87 billion from August 2019 showing the deficit worsened by 7.81 percent.

Compared to September 2018 deficit of USD 2.673 billion, the trade numbers improved by 24.58 percent

Exports decreased by 4.99 percent to USD 1.769 billion compared to USD 1.862 billion in August 2019.

However compared to September 2018 exports increased by 2.67 percent

Imports in September 2019 increased by 1.42 percent, clocking in at USD 3.785 billion compared to USD 3.732 billion in August 2019.

However compared to September 2018 imports decreased by 13.9 percent

Overall the 3 month exports stood at USD 5.522 billion compared to USD 5.374 from the corresponding period of last year, showing a decrease of 2.75 percent. However Imports during the period decreased by 20.59 percent to USD 11.249 billion compared to USD 14.165 from the same period of FY19.

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