According to figures issued by the Pakistan Bureau of Statistics (PBS) on Wednesday, Pakistan’s trade deficit increased slightly to $5.4 billion for the first three months of fiscal year 2024–25 (3MFY25).
The difference between the nation’s exports and imports, or trade balance, increased by 4.2% to $5.44 billion in the July–September 2024–25 period from $5.21 billion in the corresponding period the year before.
Pakistan’s exports climbed by 14% from $6.90 billion in the same time the previous year to $7.88 billion during 3MFY25.
However, compared to $12.12 billion in 3MFY24, imports rose by about 10% to $13.31 billion in 3MFY25.
The PBS reports that the nation’s trade imbalance grew dramatically from $1.48 billion in September 2024 to $1.78 billion in September 2024, a year-over-year rise of 20.35%.
The rise is the result of both a sharp rise in imports and a sharp increase in exports.
From $2.47 billion in September of the previous year to $2.81 billion in September of 2024, exports climbed by 13.52%. Conversely, imports increased from $3.95 billion in September of last year to $4.59 billion in September 2024, a 16% increase.
Additionally, the trade imbalance grew somewhat month over month to $1.78 billion from $1.75 billion in August 2024, a 1.9% rise.
Comparing monthly exports to the $2.76 billion in the previous month of August, there was a 1.6% rise to $2.81 billion. In the meantime, imports increased somewhat from $4.51 billion to $4.59 billion last month, or 1.7%.
