Pakistan’s trade gap widens by 57% YoY in FY22

News Image

MG News | July 04, 2022 at 10:40 AM GMT+05:00

0:00

July 4, 2022 (MLN): Pakistan's merchandise trade deficit reached an all-time high of $48.67 billion in FY22 compared to $30.9bn in FY21, marking a growth of 57% YoY, provisional data from official sources showed today.

The rise in the deficit was due to higher imports which clocked in at $80.5bn, and surged by 43% YoY while exports showed a growth of 27% to stand at $31.85bn in FY22.

In the month of June 2022, the trade deficit clocked in at $4.85billion compared to a deficit of $3.55bn in the same month last year, depicting a growth of 37% YoY.

Compared to the preceding month, the trade deficit worsened by 17% from $4.15bn, as imports increased by 14% YoY to $6.8bn.

The widening of Pakistan’s trade gap indicates that country’s external account position has been worsening at an alarming pace due to an unprecedented increase in imports amid higher commodity prices in the international market.

Going by the provisional estimates, exports for the month of June’22 increased by 6% YoY and 10% MoM to $2.9bn. Similarly, imports in the same month jumped by 23% YoY and 14% MoM to stand at $7.74bn.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 155,384.51
274.67M
0.61%
944.82
ALLSHR 95,133.57
856.28M
0.49%
465.41
KSE30 47,466.99
137.10M
0.74%
347.09
KMI30 227,645.22
99.71M
0.67%
1519.50
KMIALLSHR 63,888.06
353.11M
0.50%
319.01
BKTi 41,761.78
72.20M
0.33%
138.95
OGTi 31,619.14
7.57M
0.41%
130.35
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 115,205.00 117,240.00
114,940.00
-2060.00
-1.76%
BRENT CRUDE 67.02 67.52
66.78
0.03
0.04%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-1.20
-1.41%
ROTTERDAM COAL MONTHLY 93.00 0.00
0.00
0.05
0.05%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 62.77 63.24
62.52
0.08
0.13%
SUGAR #11 WORLD 15.81 15.98
15.81
0.02
0.13%

Chart of the Day


Latest News
September 15, 2025 at 03:48 PM GMT+05:00

Millat Tractors (PSX: MTL) reports 40% drop in annual profit


September 15, 2025 at 02:39 PM GMT+05:00

SBP keeps policy rate unchanged at 11%


September 15, 2025 at 02:14 PM GMT+05:00

Saudi Riyal available at PKR 76 in open market



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg