According to figures issued by the Pakistan Bureau of Statistics (PBS), exports from Pakistan climbed by 12.57% in the first five months of fiscal year 2024-25, reaching $13.691 billion, compared to $12.162 billion in the same period of FY24.
The trade deficit decreased by 7.39%, to $8.651 billion, compared to $9.341 billion at the same time last year. From July to November of FY25, imports reached $22.342 billion, a 3.90% rise from $21.503 billion in the corresponding period of FY24.
Trade Deficit Shrinks 18.60%, Exports Up 8.98%
After reaching $1.952 billion in November 2023, the trade deficit narrowed to $1.589 billion in November 2024, an 18.60% year-on-year decline. November exports of $2.804 billion were an 8.98% increase over the same month a year ago, from $2.573 billion. The value of imports fell to $4.393 billion in November 2023 from $4.525 billion the previous year, a decrease of 2.92%.
In November 2024, the trade deficit was $1.589 billion, up from $1.586 billion in October 2024, a change of 0.19% from the previous month.
From October’s $2.982 billion, exports fell 5.97% to November’s $2.804 billion. Additionally, imports decreased by 3.83 percent in November, reaching $4.393 billion, down from $4.568 billion in October 2024.
According to the numbers, the country’s trade sector had a mixed performance in November, with exports showing strong growth but the trade imbalance slightly increasing due to monthly swings.
