Trade deficit for 11MFY23 stands at 25.79bn

News Image

By 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 132,552.12
108.65M
-0.64%
-851.07
ALLSHR 82,958.14
620.39M
-0.28%
-229.92
KSE30 40,339.71
38.57M
-0.77%
-311.74
KMI30 190,675.27
44.56M
-0.73%
-1408.65
KMIALLSHR 55,686.46
318.23M
-0.29%
-161.24
BKTi 36,187.89
6.88M
-0.65%
-234.98
OGTi 28,253.28
7.69M
-0.65%
-184.33
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,085.00 109,545.00
108,625.00
-130.00
-0.12%
BRENT CRUDE 70.47 70.50
69.85
0.32
0.46%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.05
2.15%
ROTTERDAM COAL MONTHLY 106.65 106.65
106.25
0.50
0.47%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.67 68.68
67.78
0.34
0.50%
SUGAR #11 WORLD 16.21 16.24
16.08
0.08
0.50%

Chart of the Day


Latest News

Top 5 things to watch in this week

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