Pakistan’s exports saw a 12.57% increase during the first five months of the fiscal year 2024-25, reaching $13.691 billion compared to $12.162 billion in the same period last year, as reported by the Pakistan Bureau of Statistics (PBS). This growth highlights the country’s improving export performance.
During this period, the trade deficit decreased by 7.39%, standing at $8.651 billion, down from $9.341 billion last year. The rise in imports, however, continued, increasing by 3.90% to $22.342 billion, up from $21.503 billion.
In November 2024, the trade deficit saw a significant drop of 18.60% year-on-year, falling to $1.589 billion from the previous year’s figure. Exports in November also showed growth, rising by 8.98% compared to November 2023, while imports fell by 2.92%.
On a month-to-month basis, both exports and imports experienced a decrease, which could be attributed to seasonal fluctuations or changes in domestic economic conditions.
These figures reflect an overall positive trend in Pakistan’s trade balance, with exports performing better while the trade deficit shrank. However, the rise in imports still indicates that Pakistan’s economy is heavily reliant on foreign goods, and the government will need to continue efforts to boost exports while controlling import growth.
