September 04, 2020 (MLN): Pakistan's trade deficit for 2 months (July-August) FY21 was USD 3.38 billion compared to a deficit of USD 3.69 billion from the corresponding period from FY20.
According to data released by the Pakistan Bureau of Statistics (PBS), the trade deficit for the month of August 2020 was recorded at USD 1.696 billion compared to a deficit of USD1.686 billion from July 2020 showing the deficit worsened by 0.59 percent.
Compared to August 2019 deficit of USD 1.862 billion, the trade numbers improved by 8.92 percent
Exports decreased by 20.89 percent to USD 1.583 billion compared to USD 2.001 billion in July 2020.
Similarly compared to August 2019 exports decreased by 14.8 percent
Imports in August 2020 decreased by 11.07 percent, clocking in at USD 3.279 billion compared to USD 3.687 billion in July 2020.
Similarly compared to August 2019 imports decreased by 11.85 percent
Overall the 2 month exports stood at USD 3.584 billion compared to USD 3.744 from the corresponding period of last year, showing an increase of -4.27 percent. Similarly Imports during the period decreased by 6.28 percent to USD 6.966 billion compared to USD 7.433 from the same period of FY20.
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