Pakistan's trade deficit narrowed year-on-year to PKR 482.8 billion in December 2023 from PKR 638.5 billion in the same month of the previous year. Exports rose by 53.4 percent to PKR 797.6 billion, marking the highest reading since records commenced in 1957 and imports surged by 10.5 percent to PKR 1,280 billion. source: Pakistan Bureau of Statistics
Pakistan recorded a trade deficit of 482761 PKR Million in December of 2023. Balance of Trade in Pakistan averaged -73046.95 PKR Million from 1957 until 2023, reaching an all time high of 6457.00 PKR Million in June of 2003 and a record low of -1013894.00 PKR Million in June of 2022. This page provides - Pakistan Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Pakistan Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on January of 2024.
Pakistan recorded a trade deficit of 482761 PKR Million in December of 2023. Balance of Trade in Pakistan is expected to be -530000.00 PKR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Pakistan Balance of Trade is projected to trend around -565000.00 PKR Million in 2025, according to our econometric models.
Pakistan Balance of Trade
Pakistan has been running consistent trade deficit since 2003 mainly due to high imports of energy. Since 2012, China has emerged as Pakistan’s largest trading partner replacing the United States. In recent years, the biggest trade deficits were recorded with China, India, United Arab Emirates, Saudi Arabia, Kuwait and Malaysia. Pakistan records trade surpluses with the United States, Afghanistan, Germany and United Kingdom.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| -482761.00 | -561427.00 | 6457.00 | -1013894.00 | 1957 - 2023 | PKR Million | Monthly |
