Pakistan's trade deficit widens 19.7% YoY in July

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

0:00

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%

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,115.82 431.76M	-1.03% -1778.46
ALLSHR	102,630.82 1,022.40M	-0.72% -743.98
KSE30	51,478.54 123.81M	-1.23% -641.56
KMI30	245,731.79 184.52M	-1.22% -3035.83
KMIALLSHR	66,650.32 595.11M	-0.81% -541.20
BKTi	47,279.59 41.00M	-1.38% -660.98
OGTi	35,704.94 10.73M	-1.65% -598.06

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,390.00	80,730.00 79,370.00	45.00 0.06%
BRENT CRUDE	100.25	102.92 99.55	0.19 0.19%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-3.30 -2.91%
ROTTERDAM COAL MONTHLY	107.10	107.75 106.20	2.10 2.00%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	94.68	98.64 93.82	-0.13 -0.14%
SUGAR #11 WORLD	14.69	14.75 14.46	0.15 1.03%