Pakistan's trade deficit widens 19.7% YoY in July

MG News | August 01, 2024 at 09:24 PM GMT+05:00

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August 01, 2024 (MLN): Pakistan's trade deficit in July 2024 has increased by 19.7% YoY to $1.95bn as compared to a deficit of $1.63bn 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 narrowed 19.0% compared to a deficit of $2.41 billion recorded in June 2024.

Exports in July rose 11.8% to $2.31bn compared to $2.06bn in July 2023.

On a monthly basis, exports have decreased by 9.8% compared to the $2.56bn figure reported in June 2024.

The country's expenditure on imports increased by 15.3% to $4.26bn compared to $3.69bn from a year ago.

Meanwhile, compared to June 2024, imports declined by 14.3% compared to $4.96bn in June.

USD Million	Jul 24	Jul 23	YoY %	Jun 24	MoM %
Exports	2,308	2,064	11.8%	2,558	-9.8%
Imports	4,256	3,691	15.3%	4,964	-14.3%
Trade Balance	-1,948	-1,627	19.7%	-2,406	-19.0%

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