Pakitan’s Trade Deficit at USD 9.685 Billion in 5 months of FY21

December 04, 2020 (MLN): Pakistan's trade deficit for 5 months (July-November) FY21 was USD 9.69 billion compared to a deficit of USD 9.64 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 November 2020 was recorded at USD 2.068 billion compared to a deficit of USD1.803 billion from October 2020 showing the deficit worsened by 14.7 percent.

Compared to November 2019 deficit of USD 1.917 billion, the trade numbers deteriorated by7.88 percent

Exports increased by 2.71 percent to USD 2.161 billion compared to USD 2.104 billion in October 2020.

Similarly compared to November 2019 exports increased by 7.67 percent.

Imports in November 2020 increased by 8.24 percent, clocking in at USD 4.229 billion compared to USD 3.907 billion in October 2020 and increased by 7.77 percent compared to November 2019.

Overall the 5 month exports stood at USD 9.737 billion compared to USD 9.536 from the corresponding period of last year, showing a decrease of 2.11 percent. Similarly Imports during the period increased by 1.29 percent to USD 19.422 billion compared to USD 19.175 from the same period of FY20.

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Posted on: 2020-12-04T15:35:00+05:00