Pakistan Trade Deficit Widens in July On Rising Gold Imports


In July of 2013, Pakistan trade deficit increased to 172.8 billion PKR, from 153 billion PKR in the same month last year, due to higher imports of gold, construction and mining machinery.

In July of 2013, exports amounted to PKR 210.5 billion, a 2.8 percent decrease over June of 2013 but a 9.3 percent increase over the same month last year.  

Year-on-year, shipments of rice increased 115 percent; readymade garments went up by 23.8 percent; cotton cloths by 23.7 and cotton yard by 20.6 percent. In contrast, exports of rice basmati shrank by 15 percent. 

In June, imports amounted to PKR 383.43billion, down by 1.3 percent month-over-month, but up by 10.9 percent over July of 2012.

Year-on-year, imports of gold increased 1198 percent; construction and mining machinery increased 500 percent; plastic materials went up by 50.7 percent and crude oil grew 38 percent. Imports of palm oil contracted 8 percent and iron and steel declined 0.5 percent.

Pakistan Trade Deficit Widens in July On Rising Gold Imports


Pakistan Bureau of Statistics | Joana Taborda | joana.taborda@tradingeconomics.com
8/22/2013 10:46:18 AM