What is trade deficit of pakistan

7 May 2019 EU-Pakistan: Trade in goods. Table. EU imports EU exports Balance 2016 2017 2018 Years -5 0 5 10 Billions 

23 Jan 2020 As a result, Pakistan's trade deficit with the eastern neighbour amounted to USD 269.8 million. India on August 5 revoked the special status to  External Trade Statistics Tables. Index Numbers of Quantum of Exports by Groups · External Trade Statistics of last 5 years · Exports by Commodities of last 5  18 Sep 2019 Pakistan is currently our 56th largest goods trading partner with $6.6 The U.S. goods trade deficit with Pakistan was $860 million in 2018. account deficits. In the 1990s, Pakistan's Current Account Deficit (CAD) averaged 5.0 percent of GDP, which declined substantially after 9/11 and even Pakistan. 8 Feb 2020 Data by the Pakistan Bureau of Statistics (PBS) further showed that the trade deficit has contracted sharply by 28.4% to $13.75 billion in the first  Trade balance is a difference between a country's imports and its exports. Debit items include imports, foreign aid, domestic spending abroad and domestic 

The Pakistan Bureau of Statistics (PBS) reports a fall of 9.9% in the trade deficit in April 2019 over the value reported in April 2018. This is primarily driven by a 6.4% decrease in imports.

A trade deficit is an amount by which the cost of a country's imports exceeds the cost of its exports. It's one way of measuring international trade, and it's also called a negative balance of trade. It's one way of measuring international trade, and it's also called a negative balance of trade. The trade deficit is also known as a negative balance of trade. To calculate the trade deficit, one needs to subtract the value of a country’s exports from the total value of imports. In Pakistan, the export surged up to $2.14bn from $1.88bn since last year, exhibiting an appreciation of 13.82pc. Pakistan’s ongoing trade deficit will perpetually weaken its ability to sustain big-ticket arms or defence procurements. The fiscal funding necessary will continuously go towards repaying the debt created by the deficit, reducing the amount available for aircraft, ships, armoured vehicles, etc. Statistics Of The Trade Deficit Of Pakistan In 2019: Additionally, exports went till $22.9 billion due to a decrease of 1%. The trade deficit seemed to be at $2.6 billion relating to a fall of 29.8% in June. The imports then saw a decrease of 13.4% month-on-month and the exports witnessed a fall of 18.3% in the month of June from $2.1 billion.

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 

Illustration by Muhaddisa Shahzad. Pakistan’s trade deficit has hit a record level of 30 billion US dollars in the first 11 months of 2016-17, showing a jump of 42 per cent as compared to the same period in the previous financial year. A trade deficit is an amount by which the cost of a country's imports exceeds the cost of its exports. It's one way of measuring international trade, and it's also called a negative balance of trade. You can calculate a trade deficit by subtracting the total value of a country's exports from the total value of its imports.

The net deficit in October 2018 was $1.28bn. According to SBP data, the reduction in the deficit was largely due to a sharp decrease in imports, which fell from $19 

Pakistan's Trade Balance recorded a deficit of 2.6 USD bn in Jun 2019, compared with a deficit of 2.9 USD bn in the previous month. Pakistan's Trade Balance data is updated monthly, available from Jan 1968 to Jun 2019, with an averaged value of -204.8 USD mn. Fluctuating world demand for its exports, domestic political uncertainty, and the impact of occasional droughts on its agricultural production have all contributed to variability in Pakistan's trade deficit. The trade deficit for the fiscal year 2013/14 is $7.743 billion, exports are $10.367 billion in July–November 2013 and imports are $18.110 billion. The Pakistan Bureau of Statistics (PBS) reports a fall of 9.9% in the trade deficit in April 2019 over the value reported in April 2018. This is primarily driven by a 6.4% decrease in imports. Pakistan's trade deficit plunged by 9.66 per cent to $19.26 billion during the first seven months of the current fiscal, as compared to the same period last year. According to a report issued by the State Bank of Pakistan, the country’s trade deficit increased to $17 billion in 2014-15 from $16.59 billion in 2013-14 despite the fact that remittances sent Pakistan’s trade deficit widens 14.3% to $29.8 billion Exports increased 13.7% to $23.2 billion in last fiscal year, which were $2.8 billion higher than the comparative period of the preceding year.

According to a report issued by the State Bank of Pakistan, the country’s trade deficit increased to $17 billion in 2014-15 from $16.59 billion in 2013-14 despite the fact that remittances sent

21 Sep 2019 Pakistan's trade deficit sharply narrowed 35.86% year-on-year to $3.924bn in the first two months of the current fiscal year of 2019/20 as imports  13 Sep 2019 The government has set a target to bring down the annual trade gap to USD 27.476 billion by June 2020. During the last fiscal year, the country's  7 May 2019 EU-Pakistan: Trade in goods. Table. EU imports EU exports Balance 2016 2017 2018 Years -5 0 5 10 Billions 

11 Oct 2019 Pakistan's trade deficit saw a decline of 35%, as it shrank to $5.72 billion from $8.79 billion in the first quarter of this fiscal year (July-September)  21 Sep 2019 Pakistan's trade deficit sharply narrowed 35.86% year-on-year to $3.924bn in the first two months of the current fiscal year of 2019/20 as imports  13 Sep 2019 The government has set a target to bring down the annual trade gap to USD 27.476 billion by June 2020. During the last fiscal year, the country's  7 May 2019 EU-Pakistan: Trade in goods. Table. EU imports EU exports Balance 2016 2017 2018 Years -5 0 5 10 Billions  Pakistan recorded a trade deficit of 298169 PKR Million in February of 2020. Balance of Trade in Pakistan averaged -44836.24 PKR Million from 1957 until 2020, reaching an all time high of 6457 PKR Million in June of 2003 and a record low of -452668 PKR Million in June of 2018. Pakistan's Trade Balance recorded a deficit of 2.6 USD bn in Jun 2019, compared with a deficit of 2.9 USD bn in the previous month. Pakistan's Trade Balance data is updated monthly, available from Jan 1968 to Jun 2019, with an averaged value of -204.8 USD mn.