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Trade Deficit Widened To USD 25.5 Billion During July-December 2021: PBS

Trade Deficit Widened To USD 25.5 Billion During July-December 2021: PBS

admin-augaf by admin-augaf
January 17, 2022
in Business, Finance, National, News, Politics
Reading Time: 2 mins read
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Trade Deficit Widened To USD 25.5 Billion During July-December 2021: PBS
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Islamabad January 17 2022: Based on the provisional figures of imports and exports the balance of trade in December, 2021 was -4,901 million in US dollars. The balance of trade figures cumulative from July – December, 2021 were (-)25,522 million in US dollars.

According to the provisional figures compiled by the Pakistan Bureau of Statistics, exports from Pakistan during December, 2021 amounted to USD 2,765 million as compared to USD 2,901 million in November, 2021 showing a decrease of 4.69 percent but increased by 16.86 percent as compared to USD 2,366 million in December, 2020.

Exports during July – December,2021 totaled USD 15,127 million against USD 12,110 million during the corresponding period of last year showing an increase of 24.91 percent.

Main commodities of exports during December, 2021 were Knitwear (USD 440 million), Readymade garments (USD 346 million), Bed wear (USD 253 million), Rice (USD 535 million), Cotton Cloth (USD 189 million), Cotton Yarn (USD 106 million), Towels (USD 95 million), Fruits (USD 70 million), Madeup Articles (Excl. towels & Bedwear) (USD 70 million) and Fish & Fish Preparations (USD 51 million).

Imports into Pakistan during December, 2021 amounted to USD 7,666 million (provisional) as compared to USD 7,899 million in November, 2021 showing a decrease of 2.95 percent but increased by 53.75 percent as compared to USD 4,986 million in December, 2020.

Imports during July – December, 2021 totaled USD 40,649 million (provisional) as against USD 24,454 million during the corresponding period of last year showing an increase of 66.23 percent.

Main commodities of imports during December, 2021 were Medicinal Products (USD 975 million), Petroleum products (USD 901 million), Natural Gas Liquified (USD 481 million), Petroleum crude (USD 354 million), Palm Oil (USD 317 million), Iron & Steel (USD 279 million), Plastic Materials (USD 263 million), Iron & Steel scrap (USD 252 million), Mobile Phone (USD 234 million) and Electrical Machinery & Apparatus (USD 229 million).

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