During the first 10 months (July-April) of the current fiscal year, 2021-22, the country’s trade imbalance set an all-time high, increasing by 64.79 percent.
According to Pakistan Bureau of Statistics figures, the trade imbalance reached $39.264 billion in 2020-21, up from $23.826 billion in the previous year (PBS).
According to the PBS monthly summary of foreign trade figures for April 2022, the country’s exports climbed by 25.46 percent to a record $26.228 billion in the first ten months of the current fiscal year, 2021-22, compared to $20.905 billion in the same time the previous year.
Imports grew by 46.41 percent over the first ten months of the current fiscal year (July-April) to $65.492 billion, up from $44.731 billion during the same time the previous year, according to PBS statistics.
The country’s trade imbalance increased by 23.74 percent year on year, rising from $3.024 billion in April 2021 to $3.742 billion in April 2022, according to the PBS.
Imports increased by 26.19 percent year on year, rising from $5.242 billion in April 2021 to $6.615 billion in April 2022.
Furthermore, exports grew 29.53 percent year on year, rising from $2.218 billion in April 2021 to $2.873 billion in April 2022.
According to PBS statistics, the trade imbalance increased by 2.72 percent from $3.643 billion in March 2022 to $3.742 billion in April 2022.
Imports grew by 2.96 percent month on month (MoM) to $6.615 billion in April 2022, up from $6.424 billion in March 2022.
Exports grew 3.27 percent year on year, from $2.782 billion in March 2022 to $2.873 billion in April 2022.
