Trade deficit improves by 13% MoM in November
By MG News | December 01, 2023 at 04:50 PM GMT+05:00
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% |
Copyright Mettis Link News
Related News
.jpg)
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 130,344.03 345.79M |
1.67% 2144.61 |
| ALLSHR | 81,023.99 1,021.87M |
1.55% 1236.37 |
| KSE30 | 39,908.26 141.62M |
2.05% 803.27 |
| KMI30 | 189,535.00 150.29M |
1.40% 2619.39 |
| KMIALLSHR | 54,783.66 508.76M |
1.07% 581.78 |
| BKTi | 34,940.73 55.86M |
4.37% 1464.05 |
| OGTi | 28,296.06 16.02M |
1.19% 333.47 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 109,335.00 | 110,105.00 109,205.00 |
-950.00 -0.86% |
| BRENT CRUDE | 68.55 | 69.00 68.41 |
-0.56 -0.81% |
| RICHARDS BAY COAL MONTHLY | 97.50 | 0.00 0.00 |
0.75 0.78% |
| ROTTERDAM COAL MONTHLY | 109.20 | 110.00 108.25 |
1.70 1.58% |
| USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
| CRUDE OIL - WTI | 66.92 | 67.50 66.78 |
-0.53 -0.79% |
| SUGAR #11 WORLD | 15.56 | 15.97 15.44 |
-0.14 -0.89% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Trade Balance
CPI
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|