Pakistan's trade deficit jumps 20.4% in Sep
MG News | October 02, 2024 at 10:13 AM GMT+05:00
October 02, 2024 (MLN): Pakistan's trade deficit in September 2024 has increased by 20.4% to $1.78bn as compared to a deficit of $1.48bn recorded in the same month last year, according to data released by the Pakistan Bureau of Statistics (PBS).
On a monthly basis, the trade deficit has widened 1.9% compared to a deficit of $1.75 billion recorded in August 2024.
Cumulatively in the three months of fiscal year 2024-25, the trade deficit increased by 4.2% to $5.44bn as compared to a deficit of $5.21bn in 3MFY24.
Exports in September rose by 13.5% to $2.81bn compared to $2.47bn in September 2023.
On a monthly basis, exports have increased by 1.6% compared to the $2.76bn figure reported in August 2024.
The country's expenditure on imports during the review month increased by 16.1%, clocking in at $4.59bn compared to $3.95bn in the same month last year.
Similarly, compared to August 2024, imports rose by 1.7% compared to $4.51bn.
| USD Million | Sep 24 | Sep 23 | YoY % | Aug 24 | MoM % | 3MFY25 | 3MFY24 | Cumulative % |
|---|---|---|---|---|---|---|---|---|
| Exports | 2,805 | 2,471 | 13.5% | 2,762 | 1.6% | 7,875 | 6,901 | 14.1% |
| Imports | 4,585 | 3,950 | 16.1% | 4,509 | 1.7% | 13,310 | 12,115 | 9.9% |
| Trade Balance | -1,780 | -1,479 | 20.4% | -1,747 | 1.9% | -5,435 | -5,214 | 4.2% |
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