Trade deficit narrows 15.2% YoY in 11MFY24
MG News | June 03, 2024 at 04:00 PM GMT+05:00
May 31, 2024 (MLN): Pakistan's trade deficit in the eleven months of fiscal year 2023-24 has reduced by 15.2% YoY to $21.73bn as compared to a deficit of $25.64bn in 11MFY23.
Meanwhile, in May 2024, the trade deficit has edged higher by 0.1% YoY to $2.11bn as compared to a deficit of $2.11bn recorded in the same month last year, according to data released by the Pakistan Bureau of Statistics (PBS).
On a monthly basis, the trade deficit has reduced by 15.4% compared to a deficit of $2.5 billion recorded in April 2024.

Exports in May rose by 27.1% YoY to $2.79bn compared to $2.2bn in May 2023.
On a monthly basis, exports have increased by 18.8% compared to the $2.35bn figure reported in April 2024.
The country's expenditure on imports during the review month increased by 13.9% YoY, clocking in at $4.9bn compared to $4.3bn in the same month last year.
Similarly, compared to April 2024, imports rose by 1.2% MoM compared to $4.85bn.
| USD Million | May 24 | Apr 24 | May 23 | MoM % | YoY % | 11MFY24 | 11MFY23 | Cumulative % |
|---|---|---|---|---|---|---|---|---|
| Exports | 2,792 | 2,351 | 2,197 | 18.8% | 27.1% | 28,070 | 25,368 | 10.7% |
| Imports | 4,902 | 4,846 | 4,304 | 1.2% | 13.9% | 49,802 | 51,010 | -2.4% |
| Trade Balance | -2,110 | -2,495 | -2,107 | -15.4% | 0.1% | -21,732 | -25,642 | -15.2% |
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 160,101.03 374.97M | -1.27% -2062.78 |
| ALLSHR | 97,525.54 1,017.39M | -1.28% -1263.78 |
| KSE30 | 48,859.40 134.69M | -1.13% -559.19 |
| KMI30 | 232,188.88 82.63M | -1.44% -3403.91 |
| KMIALLSHR | 63,958.79 443.85M | -1.53% -996.37 |
| BKTi | 44,948.04 67.45M | -1.08% -489.73 |
| OGTi | 31,541.13 6.10M | -1.89% -609.00 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 114,360.00 | 114,730.00 113,620.00 | -710.00 -0.62% |
| BRENT CRUDE | 64.71 | 65.76 64.08 | -0.91 -1.39% |
| RICHARDS BAY COAL MONTHLY | 80.50 | 0.00 0.00 | -1.00 -1.23% |
| ROTTERDAM COAL MONTHLY | 92.50 | 0.00 0.00 | 0.00 0.00% |
| USD RBD PALM OLEIN | 1,082.50 | 1,082.50 1,082.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 60.44 | 61.50 59.93 | -0.87 -1.42% |
| SUGAR #11 WORLD | 14.49 | 14.59 14.45 | 0.03 0.21% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
Monetary Aggregates (M3) - Monthly Profile