Trade deficit narrows 15.2% YoY in 11MFY24

News Image

MG News | June 03, 2024 at 04:00 PM GMT+05:00

0:00

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
October 28, 2025 at 05:15 PM GMT+05:00

ZAR raises $13m to bring digital money to Pakistan


October 28, 2025 at 04:52 PM GMT+05:00

Shahtaj sugar mills power plant achieves commercial operation


October 28, 2025 at 04:34 PM GMT+05:00

Saif Power turns red with Rs161m loss in 9MCY25


October 28, 2025 at 04:15 PM GMT+05:00

Bank deposits increase to over Rs35tr in September



Top 5 things to watch in this week

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