- Pakistan’s Trade Deficit Increases in 2024.
- Trade deficit widened by 35% YoY to $2.444 billion in December 2024.
- Monthly trade deficit increased by 47% from $1.667 billion in November 2024 to $2.444 billion in December 2024.
Pakistan’s trade deficit widened by 35% year-on-year (YoY) in December 2024, reaching $2.444 billion compared to $1.813 billion in the same month last year, as per data from the Pakistan Bureau of Statistics (PBS).
Exports showed limited growth, with a modest 1% increase, totaling $2.841 billion in December 2024, down slightly from $2.882 billion in the same month last year. Meanwhile, imports saw a more significant 14% rise, totaling $5.285 billion compared to $4.635 billion in December 2023. This figure marks the highest import level in 27 months.
On a monthly basis, the trade deficit increased by 47%, from $1.667 billion in November 2024 to $2.444 billion in December 2024. Exports showed a small improvement from $2.833 billion in November, while imports grew by 17%, reaching $5.285 billion from $4.500 billion in November.
For the first half of the current fiscal year (FY25), Pakistan’s trade deficit remained relatively stable, standing at $11.172 billion compared to $11.152 billion during the same period of the previous year.
During this period, exports grew by 11%, reaching $16.561 billion, up from $14.985 billion in the first half of FY24. Imports increased by 6%, totaling $27.733 billion compared to $26.137 billion in the previous year.
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