Pakistan Trade Deficit Narrows in December on Higher Rice Sales


In December of 2013, Pakistan trade deficit decreased 30.73 over a month earlier to PKR 137.56 billion. Compared with the same month last year, the trade deficit narrowed 16.9 percent mainly due to a drop in imports and a surge in rice sales.

Exports amounted to PKR 243.387 billion in December. Sales rose 25.5 percent from November and 27.16 percent over the same month of the previous year. Shipments of rice recorded the highest annual increase (70 percent), followed by rice basmati (64.6 percent) and made-up articles (60.4 percent). Exports of cotton yard decreased 1.37 percent. On a monthly basis, sales of fruits surged 108 percent and rice exports increased 91 percent.

Imports amounted to PKR 380.94 billion, a 6.7 percent annual increase but a 2.95 percent fall over the previous month. Year-on-year, purchases of fertilizers rose the most (278 percent) while those of palm oil decreased 13.76 palm. On a monthly basis, imports of palm oil fell 25 percent and those of petroleum products dropped 22.5 percent.

Pakistan Trade Deficit Narrows in December on Higher Rice Sales


Pakistan Bureau of Statistics | Joana Taborda | joana.taborda@tradingeconomics.com
1/21/2014 1:49:57 PM