Trade deficit worsens by 30% MoM in August

MG News | September 01, 2023 at 07:55 PM GMT+05:00

0:00

September 01, 2023 (MLN): Pakistan's trade deficit for the month of August was $2.126 billion compared to a deficit of $1.637bn from the previous month, worsening by 29.86% MoM.

According to data released by the Pakistan Bureau of Statistics (PBS), the trade deficit compared to August 2022's deficit improved by 40.46% as it stood at $3.57bn.

Exports in the month of August increased by 14.27% MoM to $2.26bn compared to $2.07bn in July 2023.

Meanwhile, compared to August 2022, exports decreased by 4.83% YoY.

Imports in August 2023 surged by 21.16% MoM, clocking in at $4.49bn compared to $3.71bn in July 2023.

While compared to August 2022, imports decreased by 25.85% YoY as it stood at $6.1bn.

On a cumulative basis, in 2MFY24, the trade deficit improved by 40.29% YoY to $3.76bn as compared to $6.3bn in 2MFY23.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%