According to figures issued by the Pakistan Bureau of Statistics (PBS), the country’s trade deficit declined by 18.60 percent year-over-year (YoY) to $1.589 billion in November 2024 from a deficit of $1.952 billion in the same month the previous year.
Compared to $2.573 billion in November of the previous fiscal year, exports increased by 8.98 percent to $2.804 billion in November 2024.
Analyzing November 2024 imports to the same month in the previous fiscal year, imports decreased 2.92 percent to $4.393 billion.
In November 2024, the trade deficit was $1.589 billion, a 0.19 percent increase on a monthly basis from the $1.586 billion deficit in October 2024.
Exports fell 5.97 percent to $2.804 billion in November 2024 from $2.982 billion in October 2024. From $4.568 billion in October 2024 to $4.393 billion in November 2024, imports fell 3.83 percent.
Between the first five months of this fiscal year and the same time previous fiscal year, the trade deficit decreased by 7.39 percent to $8.651 billion from $9.341 billion.
In the first five months of FY25 (July–November), the nation’s exports climbed by 12.57 percent to $13.691 billion, up from $12.162 billion in the same period in FY24.
Compared to $21.503 billion in the first five months of the previous fiscal year, the nation’s imports rose 3.90 percent to $22.342 billion in the first five months of the current fiscal year.
