Trade deficit widens by 38.27% MoM in October

MG News | November 01, 2023 at 05:46 PM GMT+05:00
November 01, 2023 (MLN): Pakistan's trade deficit for the month of October was $2.099 billion compared to a deficit of $1.518bn from the previous month, worsening by 38.27% MoM.
According to data released by the Pakistan Bureau of Statistics (PBS), the trade deficit compared to October 2022's deficit improved by 4.46% as it stood at $2.2bn.
Exports in October increased by 9.33% MoM to $2.71bn compared to $2.48bn in September 2023.
Similarly, compared to October 2022, exports increased by 13.55% YoY.
However, imports during the review month also rose by 20.33% MoM, clocking in at $4.81bn compared to $4bn in the previous month.
While compared to October 2022, imports increased by 4.91% YoY as it stood at $4.58bn.
On a cumulative basis, in 4MFY24, the trade deficit improved by 34.70% YoY to $7.42bn as compared to $11.36bn in 4MFY23.
Oct-23 | Sep-23 | Aug-23 | Jul-23 | Jun-23 | May-23 | |
---|---|---|---|---|---|---|
USD Million | ||||||
Exports | 2,707 | 2,476 | 2,366 | 2,068 | 2,356 | 2,200 |
Imports | 4,806 | 3,994 | 4,528 | 3,705 | 4,219 | 4,328 |
Trade Deficit | -2,099 | -1,518 | -2,162 | -1,637 | -1,863 | -2,128 |
MoM % | ||||||
Exports | 9.33% | 4.65% | 14.41% | -12.22% | 7.09% | 2.95% |
Imports | 20.33% | -11.79% | 22.21% | -12.18% | -2.52% | 44.41% |
Trade Deficit | 38.27% | -29.79% | 32.07% | -12.13% | -12.45% | 147.44% |
YoY % | ||||||
Exports | 13.55% | 1.23% | -4.67% | -8.25% | -19.26% | -16.22% |
Imports | 4.91% | -25.30% | -25.42% | -25.80% | -46.46% | -36.14% |
Trade Deficit | 4.46% | -47.67% | -39.76% | -40.23% | -62.45% | -48.74% |
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 148,617.78 624.60M | 0.86% 1274.27 |
ALLSHR | 91,685.08 1,340.28M | 0.74% 669.39 |
KSE30 | 45,247.79 197.43M | 0.83% 370.74 |
KMI30 | 212,370.79 224.51M | 1.05% 2209.48 |
KMIALLSHR | 61,227.89 711.87M | 1.18% 715.56 |
BKTi | 41,264.02 160.39M | 0.54% 221.73 |
OGTi | 30,019.10 23.63M | 0.64% 190.41 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 108,265.00 | 113,390.00 108,020.00 | -4475.00 -3.97% |
BRENT CRUDE | 67.46 | 67.94 67.29 | -0.52 -0.76% |
RICHARDS BAY COAL MONTHLY | 88.70 | 88.70 88.70 | -0.75 -0.84% |
ROTTERDAM COAL MONTHLY | 96.15 | 96.75 96.00 | -0.40 -0.41% |
USD RBD PALM OLEIN | 1,106.50 | 1,106.50 1,106.50 | 0.00 0.00% |
CRUDE OIL - WTI | 64.01 | 64.55 63.88 | -0.59 -0.91% |
SUGAR #11 WORLD | 16.34 | 16.52 16.33 | -0.14 -0.85% |
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 |
---|