Trade deficit improves by 34% YoY in 1HFY24

News Image

MG News | January 02, 2024 at 01:03 PM GMT+05:00

0:00

January 02, 2024 (MLN): Pakistan's trade deficit for the first half of FY24 improved significantly by 34.29% YoY to $11.15 billion as compared to $16.97bn in 1HFY23, according to data released by the Pakistan Bureau of Statistics (PBS).

During 1HFY24, exports rose by 5.17% YoY to Rs14.98bn, while imports fell by 16.28% YoY to stand at Rs26.13bn.

While in the month of December alone, the trade deficit stood at $1.7bn compared to a deficit of $1.97bn from the previous month, reflecting an improvement of 13.43% MoM.

The trade deficit compared to December 2022's deficit reduced by 40.13% as it stood at $2.84bn.

Exports in December increased by 9.29% MoM to $2.81bn compared to $2.57bn in November 2023.

Similarly, compared to December 2022, exports increased by 22.2% YoY.

The country's expenditure on imports during the review month inched down by 0.55% MoM, clocking in at $4.51bn compared to $4.54bn in the previous month.

Similarly, compared to December 2022, imports declined by 12.25% YoY as it stood at $5.14bn.

  Dec-23 Nov-23 Oct-23 Sep-23 Aug-23 Jul-23 Jun-23
USD Million
Exports 2,812 2,572 2,690 2,476 2,366 2,068 2,356
Imports 4,514 4,539 4,864 3,994 4,528 3,705 4,219
Trade Deficit -1,702 -1,966 -2,174 -1,518 -2,162 -1,637 -1,863
MoM %
Exports 9.29% -4.35% 9.33% 4.65% 14.41% -12.22% 7.09%
Imports -0.55% -6.68% 20.33% -11.79% 22.21% -12.18% -2.52%
Trade Deficit -13.43% -9.57% 38.27% -29.79% 32.07% -12.13% -12.45%
YoY %
Exports 22.21% 7.66% 13.55% 1.23% -4.67% -8.25% -19.26%
Imports -12.25% -13.47% 4.91% -25.30% -25.42% -25.80% -46.46%
Trade Deficit -40.13% -31.72% 4.46% -47.67% -39.76% -40.23% -62.45%

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 139,390.42
291.21M
0.71%
978.17
ALLSHR 86,260.96
576.29M
0.65%
558.00
KSE30 42,618.60
119.41M
0.86%
363.76
KMI30 196,907.86
123.77M
1.44%
2798.27
KMIALLSHR 57,276.87
259.26M
0.99%
563.20
BKTi 37,820.27
20.77M
-0.03%
-11.06
OGTi 28,214.64
47.07M
2.82%
774.00
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,195.00 119,785.00
117,105.00
-425.00
-0.36%
BRENT CRUDE 71.79 72.82
71.00
-0.68
-0.94%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 69.35 70.41
68.56
-0.65
-0.93%
SUGAR #11 WORLD 16.35 16.61
16.28
-0.10
-0.61%

Chart of the Day


Latest News
July 31, 2025 at 09:37 PM GMT+05:00

Pakistan's Forex Reserves Decrease by USD 310.50 Million


July 31, 2025 at 05:47 PM GMT+05:00

Public grievance system introduced at EDB


July 31, 2025 at 05:18 PM GMT+05:00

PKR rises by 8 paisa against USD


July 31, 2025 at 04:57 PM GMT+05:00

Gold takes a Rs2,000 per tola hit



Top 5 things to watch in this week

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