Trade deficit improves by 31.13% MoM in September
MG News | October 02, 2023 at 02:36 PM GMT+05:00
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.
.png)
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 | 153,334.94 61.65M | 3.09% 4591.63 |
| ALLSHR | 91,609.66 101.46M | 2.85% 2534.69 |
| KSE30 | 46,521.07 34.61M | 3.31% 1489.47 |
| KMI30 | 223,451.97 27.82M | 3.41% 7376.41 |
| KMIALLSHR | 60,045.51 56.56M | 2.92% 1703.02 |
| BKTi | 42,056.34 10.05M | 3.35% 1361.79 |
| OGTi | 32,205.37 3.29M | 2.96% 926.47 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 68,395.00 | 68,570.00 67,750.00 | 360.00 0.53% |
| BRENT CRUDE | 105.21 | 105.94 103.56 | 1.24 1.19% |
| RICHARDS BAY COAL MONTHLY | 112.50 | 0.00 0.00 | 0.95 0.85% |
| ROTTERDAM COAL MONTHLY | 119.00 | 119.50 118.75 | -2.90 -2.38% |
| USD RBD PALM OLEIN | 1,175.00 | 1,175.00 1,175.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 102.90 | 103.31 101.52 | 1.52 1.50% |
| SUGAR #11 WORLD | 15.51 | 15.74 15.12 | -0.04 -0.26% |
Chart of the Day
Latest News
Top 5 things to watch in this week
SBP Interventions in Interbank FX Market
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|