According to official data released by the Pakistan Bureau of Statistics (PBS) on Tuesday, Pakistan’s exports fell for the fourth consecutive month in December 2022 to $2.304 billion, a 3.64 percent decrease from the $2.391 billion in exports in November 2022.
According to the report, imports fell by 0.41 percent in December 2022 compared to imports of $5.182 billion in November 2022.
The month-over-month change in the trade deficit was 2.36 percent, from $2.791 billion in November 2022 to $2.857 billion in December 2022.
The nation’s trade deficit decreased from $25.438 billion in the same period last year to $17.133 billion in the first half of the current fiscal year, a reduction of 32.65%.
According to the trade data, the exports from July to December 2022–23 totaled $14.249 billion compared to $15.125 billion in July to December 2021–22, a fall of 5.79 percent.
From $40.563 billion in the previous fiscal year to $31.382 billion in the period under review, imports declined by 22.63 percent.
The exports decreased by 16.64 percent year over year and totaled $2.304 billion in December 2022 compared to $2.764 billion in December 2021.
Additionally, imports fell from $7.580 billion in December 2021 to $5.161 billion in December 2022, representing a negative growth rate of 31.91 percent.
From $4.816 billion in December 2021 to $2.857 billion in December 2022, the trade deficit decreased by 40.68 percent on an annual basis.
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