Trade deficit for 11MFY23 stands at 25.79bn

MG News | June 02, 2023 at 08:10 PM GMT+05:00

0:00

Jun 02, 2023 (MLN): Pakistan's trade deficit for 11 months (July-May) FY23 was $25.79 billion compared to a deficit of $43.41bn from the corresponding period from FY22.

According to data released by the Pakistan Bureau of Statistics (PBS), the trade deficit for the month of May 2023 was recorded at $2.089bn compared to a deficit of $0.86bn from April 2023 showing that the deficit worsened by 142.91%.

Compared to May 2022's deficit of USD 4.136bn, the trade numbers improved by 49.49%.

Exports increased by 2.29% to $2.18bn compared to $2.14bn in April 2023. However, compared to May 2022 exports decreased by 16.69%.

Imports in May 2023 increased by 42.64%, clocking in at $4.27bn compared to $2.99bn in April 2023, while compared to May 2022 imports decreased by 36.76%.

Overall the 11-month exports stood at $25.36bn compared to $28.87bn from the corresponding period of last year, showing a decrease of 12.14%.

Likewise, Imports during the period decreased by 29.22% to $51.157bn compared to $72.28 from the same period of FY22.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	151,707.52 244.73M	-0.79% -1200.45
ALLSHR	90,950.95 421.06M	-0.91% -834.89
KSE30	45,918.57 92.97M	-0.83% -386.29
KMI30	220,125.22 87.98M	-0.85% -1889.21
KMIALLSHR	59,363.52 256.09M	-1.02% -613.27
BKTi	41,297.63 25.33M	-0.60% -248.70
OGTi	31,189.41 18.57M	-2.53% -809.48

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,150.00	69,315.00 65,845.00	-2620.00 -3.81%
BRENT CRUDE	110.83	111.60 105.09	2.82 2.61%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-10.30 -9.39%
ROTTERDAM COAL MONTHLY	119.75	121.40 119.75	-1.40 -1.16%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	98.02	98.35 92.08	3.54 3.75%
SUGAR #11 WORLD	15.69	15.93 15.66	-0.18 -1.13%