Pakistan Trade Deficit Narrows in August

In August of 2013, Pakistan trade balance amounted to a PKR 162.24 billion deficit. Higher rice and oil exports allowed the trade deficit to narrow 6.1 percent over the previous month and 3.5 percent over a year earlier.

In August of 2013 exports reached PKR 205.41 billion, a 2.41 decrease over July of 2013, but an increase of 14.15 percent over the same month in the previous year.

Year-on year, exports of oil increased 100 percent and rice shipments increased 78 percent. Sales of cotton yarn grew by 28.7 percent and exports of made-up articles rose 17 percent. In contrast, shipments of towels shrank by 12.5 percent.

Imports reached PKR 367.65 billion, showing a 5.6 expansion over a year earlier. Compared to July of 2013, imports decreased 4.07 percent.

Year-on year, imports of iron steel showed the highest drop (-30.38 percent) and imports of petroleum products, palm oil and plastic materials shrank by 4.9 percent, 9.5 percent and 1.9 percent respectively. In contrast, imports of electrical machinery recorded the highest annual increase (91.54 percent), followed by iron and steel (34 percent) and medical products (24.24 percent). 

Pakistan Trade Deficit Narrows in August

Pakistan Bureau of Statistics | Krisztina Györffy |
9/23/2013 3:17:20 PM