Islamabad November 2 2024: In October 2024, the country’s exports were increased by 10.64 percent to all time high of $2.975 billion while trade deficit decreased by 31.09 percent to $1.498 billion to low of 13 months, according to data released by the Pakistan Bureau of Statistics.
Imports for the same month were $4.473 billion, compared to $4.863 billion in October 2023. This reflects a 8.02% decrease in imports compared to the same month last year.
Month-on-month, the trade deficit decreased by 17.69% in October 2024, with exports growing by 4.90% and imports declining by 3.93%.
For October 2024, exports were $2.975 billion, up from $2.863 billion in September 2024, while imports were $4.473 billion, slightly lower than the $4.656 billion recorded in September 2024.
The trade deficit contracted by 5.59% in the first four months of the current financial year (2024-25) compared to the same period last year.
From July to October 2024-25, local exports grew by 13.5%, reaching $10.880 billion compared to $9.590 billion in the same period last year, according to the Pakistan Bureau of Statistics.
Meanwhile, imports increased by 5.17%, totaling $17.854 billion, up from $16.977 billion in the same period last year.
