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Trade deficit improves by 13% MoM in November

Pakistan's trade deficit rises by 24.56% MoM in March
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November 01, 2023 (MLN): Pakistan's trade deficit for the month of November was $1.89 billion compared to a deficit of $2.17bn from the previous month, reflecting an improvement of 13.16% MoM.

According to data released by the Pakistan Bureau of Statistics (PBS), the trade deficit compared to November 2022's deficit reduced by 31.72% as it stood at $2.77bn.

Exports in November decreased by 4.39% MoM to $2.57bn compared to $2.69bn in October 2023.

Conversely, compared to November 2022, exports increased by 7.66% YoY.

The country's expenditure on imports during the review month fell by 8.31% MoM, clocking in at $4.46bn compared to $4.86bn in the previous month.

Similarly, compared to November 2022, imports declined by 13.47% YoY as it stood at $5.15bn.

On a cumulative basis, in 5MFY24, the trade deficit improved by 33.59% YoY to $9.38bn as compared to $14.12bn in 5MFY23.

  Nov-23 Oct-23 Sep-23 Aug-23 Jul-23 Jun-23 May-23
USD Million
Exports 2,572 2,690 2,476 2,366 2,068 2,356 2,200
Imports 4,460 4,864 3,994 4,528 3,705 4,219 4,328
Trade Deficit -1,888 -2,174 -1,518 -2,162 -1,637 -1,863 -2,128
MoM %
Exports -4.39% 9.33% 4.65% 14.41% -12.22% 7.09% 2.95%
Imports -8.31% 20.33% -11.79% 22.21% -12.18% -2.52% 44.41%
Trade Deficit -13.16% 38.27% -29.79% 32.07% -12.13% -12.45% 147.44%
YoY %
Exports 7.66% 13.55% 1.23% -4.67% -8.25% -19.26% -16.22%
Imports -13.47% 4.91% -25.30% -25.42% -25.80% -46.46% -36.14%
Trade Deficit -31.72% 4.46% -47.67% -39.76% -40.23% -62.45% -48.74%

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Posted on: 2023-12-01T16:50:31+05:00