Trade deficit for 11MFY23 stands at 25.79bn

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

Add Mettisglobal as a Trusted Source on Google

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	170,884.59 165.82M	1.09% 1841.39
ALLSHR	103,297.23 574.85M	1.03% 1052.60
KSE30	50,883.00 85.37M	1.16% 585.22
KMI30	243,139.25 70.59M	1.05% 2522.69
KMIALLSHR	66,979.22 287.59M	0.99% 655.18
BKTi	47,642.11 15.25M	1.66% 776.54
OGTi	35,136.50 9.94M	0.68% 237.09

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	81,225.00	81,990.00 80,410.00	-105.00 -0.13%
BRENT CRUDE	103.37	105.00 101.92	-1.45 -1.38%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	5.00 4.00%
ROTTERDAM COAL MONTHLY	138.50	0.00 0.00	-0.15 -0.11%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	95.47	0.00 0.00	-0.61 -0.63%
SUGAR #11 WORLD	18.28	18.51 18.21	-0.04 -0.22%