Trade deficit improves by 34% YoY in 1HFY24

News Image

By 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 132,576.99
161.03M
-0.62%
-826.20
ALLSHR 82,983.68
903.36M
-0.25%
-204.38
KSE30 40,358.80
56.86M
-0.72%
-292.66
KMI30 190,727.32
67.92M
-0.71%
-1356.60
KMIALLSHR 55,698.48
457.08M
-0.27%
-149.22
BKTi 36,242.06
11.15M
-0.50%
-180.82
OGTi 28,323.42
10.71M
-0.40%
-114.19
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,680.00 110,265.00
108,625.00
465.00
0.43%
BRENT CRUDE 70.31 70.71
69.61
0.16
0.23%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.45
1.51%
ROTTERDAM COAL MONTHLY 108.00 109.00
107.95
0.90
0.84%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.56 68.94
67.70
0.23
0.34%
SUGAR #11 WORLD 16.55 16.61
16.08
0.42
2.60%

Chart of the Day


Latest News
July 09, 2025 at 05:27 PM GMT+05:00

Gold price in Pakistan falls Rs3,000 per tola


July 09, 2025 at 05:26 PM GMT+05:00

UBL crowned top performing Primary Dealer in FY25


July 09, 2025 at 05:11 PM GMT+05:00

SECP approves name change for Secure Logistics



Top 5 things to watch in this week

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