Pakistan Trade Deficit Narrows 11% in October Over a Year Earlier


In October of 2013, Pakistan trade deficit narrowed to PKR 150 billion, from PKR 169.3 billion a year earlier. On a monthly basis, the trade deficit increased from PKR 123.3 billion, as exports shrank at a faster pace than exports.

Exports amounted to PKR 197.96 billion in October, from PKR 275.912 billion in September (-28.25 percent) and PKR 192.12 billion a year earlier (+3.04 percent). Rice exports rose the most on the year (25.47 percent), followed by sales of cotton (21.34 percent), rice basmati (19.85 percent) and madeup articles (19.81 percent). On a monthly basis, shipments of bedwear recorded the highest drop (-33.51 percent), followed by cement (-21.33 percent) and rice basmati (-13.7 percent). 

Imports amounted to PKR 348.47 billion as against PKR 399 billion in September (-12.67 percent) and PKR 361.4 billion in October of 2012 (+3.58 percent). While imports of palm oil recorded a 59.45 percent annual growth rate, imports of manufactured fertilizer dropped by 49.18 percent and purchases of iron and steel' scrap felt 23.37 percent. From September to October, imports of power generating machinery rose the most (73.98 percent) and those of electrical machinery and apparatus decreased 54.38 percent.

Pakistan Trade Deficit Narrows 11% in October Over a Year Earlier


Joana Taborda | joana.taborda@tradingeconomics.com
12/20/2013 4:56:29 PM