Trade deficit improves by 31.13% MoM in September

MG News | October 02, 2023 at 02:36 PM GMT+05:00

0:00

October 02, 2023 (MLN): Pakistan's trade deficit for the month of September was $1.489 billion compared to a deficit of $2.162bn from the previous month, improving by 31.13% MoM.

According to data released by the Pakistan Bureau of Statistics (PBS), the trade deficit compared to September 2022's deficit improved by 47.86% as it stood at $2.86bn.

Exports in the month of September increased by 4.18% MoM to $2.47bn compared to $2.37bn in August 2023.

Moreover, compared to September 2022, exports increased by 1.15% YoY.

Imports in September 2023 fell by 12.68% MoM, clocking in at $3.95bn compared to $4.53bn in August 2023.

While compared to September 2022, imports decreased by 25.3% YoY as it stood at $5.3bn.

On a cumulative basis, in 3MFY24, the trade deficit improved by 42.25% YoY to $5.29bn as compared to $9.16bn in 3MFY23.

	Sep-23	Aug-23	Jul-23	Jun-23	May-23	Apr-23
USD Million
Exports	2,465	2366	2068	2356	2200	2137
Imports	3,954	4528	3705	4219	4328	2997
Trade Deficit	-1489	-2162	-1637	-1863	-2128	-860
MoM %
Exports	4.18%	14.41%	-12.22%	7.09%	2.95%	-9.91%
Imports	-12.68%	22.21%	-12.18%	-2.52%	44.41%	21.46%
Trade Deficit	16.86%	-7.80%	-0.04%	9.61%	-41.46%	-31.37%
YoY %
Exports	1.15%	-4.67%	-8.25%	-19.26%	-16.22%	-26.23%
Imports	-25.30%	-25.42%	-25.80%	-46.46%	-36.14%	-55.01%
Trade Deficit	47.86%	-39.76%	-40.23%	-62.45%	-48.74%	-77.15%

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	148,617.78 624.60M	0.86% 1274.27
ALLSHR	91,685.08 1,340.28M	0.74% 669.39
KSE30	45,247.79 197.43M	0.83% 370.74
KMI30	212,370.79 224.51M	1.05% 2209.48
KMIALLSHR	61,227.89 711.87M	1.18% 715.56
BKTi	41,264.02 160.39M	0.54% 221.73
OGTi	30,019.10 23.63M	0.64% 190.41

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,265.00	0.00 0.00	-510.00 -0.47%
BRENT CRUDE	67.46	67.94 67.29	-0.52 -0.76%
RICHARDS BAY COAL MONTHLY	88.70	88.70 88.70	-0.75 -0.84%
ROTTERDAM COAL MONTHLY	96.15	96.75 96.00	-0.40 -0.41%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.01	0.00 0.00	0.00 0.00%
SUGAR #11 WORLD	16.34	16.52 16.33	-0.14 -0.85%