Pakistan Balance of Trade

Pakistan recorded a trade deficit of 136634 PKR Million in March of 2014. Balance of Trade in Pakistan is reported by the Pakistan Bureau of Statistics. Balance of Trade in Pakistan averaged -20676.39 PKR Million from 1957 until 2014, reaching an all time high of 6457 PKR Million in June of 2003 and a record low of -218835 PKR Million in January of 2014. Pakistan runs regular trade deficits primarily due to high imports of energy. Main imports are: fuel (40 percent of total imports); machinery and transport equipment (18 percent) and chemicals (16 percent). Pakistan exports: cotton and knitwear (28 percent of total exports); bed wear, carpets and rugs (8 percent) and rice (8 percent). Main trading partners are United Arab Emirates (10 percent of total exports and 17 percent of imports) and China (9 percent of exports and 15 percent imports). Others include: United States, United Kingdom and Germany. This page provides - Pakistan Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-136634.00 -150556.00 6457.00 -218835.00 -175439.11 | 2014/06 1957 - 2014 PKR Million Monthly

TO

Pakistan Balance of Trade
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account -416.00 2014-02-15 -551.00 1418.00 -4213.00 -803.29 2014-06-30 USD Million [+]
Current Account to GDP -1.10 2013-06-30 -2.10 4.90 -8.50 -0.97 2014-06-30 Percent [+]
External Debt 59383.00 2013-12-31 60431.00 66451.00 33172.00 57087.31 2014-06-30 USD Million [+]
Remittances 3793.00 2014-02-15 3863.00 3927.00 906.00 4305.77 2014-06-30 USD Million [+]
Terms of Trade 53.97 2013-05-15 53.91 94.83 49.17 53.24 2014-06-30 Index Points [+]
Balance of Trade -136634.00 2014-03-15 -150556.00 6457.00 -218835.00 -175439.11 2014-06-30 PKR Million [+]
Exports 226288.00 2014-03-15 227615.00 275917.00 51.00 250900.30 2014-06-30 PKR Million [+]
Imports 362922.00 2014-03-15 378171.00 435995.00 96.00 419249.62 2014-06-30 PKR Million [+]
[+]


Pakistan Trade Deficit Narrows in February

Trade deficit in Pakistan decreased in February of 2014 to PKR -150 billion from PKR -151 billion a year earlier and PKR -218 billion in January of 2014. On a monthly basis, exports rose by PKR 10 billion and imports dropped by PKR 57 billion.

Exports amounted to PKR 227.6 billion, in February of 2014, against PKR 217.2 billion in the previous month (+4.81 percent increase) and PKR 179.747 billion in February of 2013 (+26.63 percent increase).

Imports amounted to PKR 378.2 billion, compared with PKR 436.0 billion in January of 2014 (-13.3 percent) and PKR 331.5 billion in February of 2013 (+14.1 percent). 

On a monthly basis, the exports’ rise was mainly due to increases in sales of cotton yarn (27.5 percent), cotton cloth (12.2 percent) and towels (11.9 percent). The decrease in imports was mainly due to the fall in purchases of power generating machinery (-62.4 percent), raw cotton (-24.4 percent), palm oil (-20.3 percent), medicinal products (-19.5 percent), iron and steel (-17.3 percent). 

Compared with the previous year, exports of rice grew the most (44.3 percent) followed by made-up articles (39.7 percent), bed wear (34.3 percent) and knitwear (33.6 percent). Imports of crude petroleum increased 77.3 percent, purchases of mobile phones rose 19.5 percent, and those of petroleum and medicinal products (16.5 percent and 10.3 percent, respectively).


Pakistan Bureau of Statistics | Isabel Felino | isabel.felino@tradingeconomics.com
3/24/2014 1:13:42 PM

RECENT RELEASES

Pakistan Trade Deficit Narrows in December on Higher Rice Sales
In December of 2013, Pakistan trade deficit decreased 30.73 over a month earlier to PKR 137.56 billion. Compared with the same month last year, the trade deficit narrowed 16.9 percent mainly due to a drop in imports and a surge in rice sales. Published on 2014-01-21

Pakistan Trade Deficit Increases in November
In November of 2013, Pakistan trade deficit rose to PKR 198.6 billion, from PKR 150.5 billion in October and PKR 164.3 billion a year earlier, as purchases of petroleum and medical products boosted imports. Published on 2013-12-20


Balance of Trade | Notes
The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and occurs when value of exports is higher than that of imports; a negative balance of trade is known as a trade deficit or a trade gap.


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