Trade deficit in Pakistan Widens by 34 percent in FY2021

According to the Pakistan Statistics Office, the country saw its trade imbalance increased by 34.10 percent to $31,057 billion for the fiscal term (July-June) 2020-21, compared with $23,159 billion in the same period of 2019-20. (PBS).

The PBS trade data reveals that Pakistan's exports increased from $21.394 billion to $25,268 billion over the comparable period previous year in July-June 2020-21, by 18.11 percent.

In comparison to 2019-20, imports grew by $44,553 billion by 26.42 to $56,325 billion during20-21.

Exports have grown 61.10% on a month-by-month basis (MoM) and stood at 2692 billion dollars, compared to 1,671 billion dollars in May in June 2021. Importations in June 2021 were 18.43 percent more than 5.308 billion USD in May and were still at $6,286 billion.

In June 2021, the trade deficit had shrunk by 1.18 percent to 3.594 billion dollars, compared to 3,637 thousand thousand in May.

Pakistan's trade deficit increased to $ 3.594 billion in June 2021 by 70.82 per cent year-on-year, compared with $ 2.104 billion in June 2020.

Commercial statistics indicate that the country's exportation increased to $2,692 billion by 68.36 per cent in June 2021, compared with $1,599 billion in June 2020. Imports stayed in June 2021 at $6.286 billion, up from $3.703 billion in June 2020, and grew by 69.75%.

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