Exports grow by 3.52pc in four months, trade deficit swells by 1.97pc

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ISLAMABAD: The exports from the country during the first four months (July-October) of the current financial year grew by 3.52 per cent and reached at $7,285 million, as compared to the exports of $7,037 million during the corresponding period of last year.

Meanwhile, imports into the country also witnessed an increase of 0.06pc during the period under review, according to trade data released by the Pakistan Bureau of Statistics on Friday. From July-October 2018, the trade deficit grew by 1.97pc as compared the same period of last year, it added.

On a month-on-month basis, trade deficit widened by 2.36pc in October 2018 as compared to the corresponding month of last fiscal year.

In October 2018, exports from the country increased by 1.17pc, whereas imports into the country swelled by 1pc.

In the last month, the country exported different commodities worth $1,903 million as compared the exports of $1,881 million during the same month of last fiscal year, whereas it paid an amount of $4,841 million on the import of different products to tackle with the local consumptions as against the import of $4,890 million in the same period of last year.

The trade deficit increased by 8.72pc in month of October as compared to the month of September 2018. During the period under review, exports grew by 10.15pc and imports surged by 9.28pc.

In October, local exports were recorded at $1,093 million as compared the exports of $1,728 million during the month of September, whereas imports into the country were recorded at $4,841 million as compared to imports of $4,430 million during same month of last year.

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