Pakistan’s Trade Deficit Down Almost 19% in November 2024 

Pakistan’s trade deficit in November 2024 narrowed by 18.60 percent year-on-year (YoY) to $1.589 billion as compared to a deficit of $1.952 billion recorded in the same month last year, according to data released by the Pakistan Bureau of Statistics (PBS).  Exports registered 8.98 percent growth and stood at $2.804 billion in November 2024 when compared to $2.573 billion during the same month of last fiscal year.  Imports registered 2.92 percent decline and stood at $4.393 billion in November 2024 when compared to $4.525 billion during the same month of last fiscal year.  On monthly basis, trade deficit widened by 0.19 percent and stood at $1.589 billion in November 2024 compared to a deficit of $1.586 billion recorded in October 2024.  Exports in November 2024 declined by 5.97 percent to $2.804 billion compared to $2.982 billion in October 2024. Imports decreased by 3.83 percent in November 2024 and stood at $4.393 billion compared to $4.568 billion in October 2024.  The trade deficit narrowed by 7.39 percent during the first five months of the current fiscal year and stood at $8.651 billion compared to $9.341 billion during the same period of last fiscal year.  The country’s exports increased by 12.57 percent during the first five months (July-November) of FY25 and stood at $13.691 billion compared to $12.162 billion during the same period of FY24.  The country’s imports increased by 3.90 percent and stood at $22.342 billion during the first five months of the current fiscal year compared to $21.503 billion during the same period of last fiscal year.