Pakistan’s Trade Deficit Surges to $14.63 Billion in Just Four Months of the Fiscal Year; Imports Exceed $26 Billion Against Exports of $11.44 Billion
ISLAMABAD: Official trade data revealed Pakistan’s external trade deficit was significantly widened in the first four months of the current fiscal year to $14.63 billion.
In FY 26-27, the month of July to October, the national exports totalled $11.44 billion, and imports rose above $26 billion. Imports for the month of October were more than $7 billion, while exports were $2.94 billion, giving a trade deficit for the month of $4.07 billion.
The top 4 Pakistan’s trade highlights are as follows:Here are the four major trade highlights of Pakistan:
Growing Import Volumes: Total imports surpassed the $26 billion mark for the four-month period, while exports continued to increase, putting a lot of strain on the country’s balance of payments.
Textile Export Performance: The country’s crucial textile industry’s performance remained steady with increasing trade deficit, generating $6.66 billion in total textile exports during the 4 months. The textile exports were recorded at $1.83 billion in July, $1.59 billion in August, $1.70 billion in September and $1.72 billion in October.
Monthly Deficit Trajectory: The monthly trade deficit surged to $4.07 billion in October as global commodity prices and economic pressures in the region persisted in driving continued high import demand.