July trade deficit increased 85 percent in July’2021

August 11, 2021

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Pakistan’s trade deficit significantly rose by 85.53 percent to $ 3.104 billion in the month of July 2021, marking an increase of $ 1.673 billion compared to July-2020, according to the Pakistan Bureau Statistics (PBS).

Imports increased by 47.90% in July this year to $ 5.434 billion from $ 3.674 billion last year, according to trade data released by PBS on Monday.

The country’s exports increased 16.44% to $ 2.33 billion in July 2021, up from July 2020 figure of $ 2.001 billion, and trade data showed that the country’s exports fell 14.59% in July 2021 and remained at $ 2.330 billion, down from $ 2.728 billion in June-2021.

In addition, the country’s imports also declined by 14.45 percent in July 2021 and remained at $ 5.434 billion, down from the June 2021 figure of $ 6.352 billion.

The deficit also narrowed by 14.35 percent in July 2021 to $ 3.014 billion from $ 3.624 billion in June 2021.

The country’s trade deficit increased by 34.10% to $ 31.057 billion in the last fiscal year (July-June) 2020-21. Compared to $23.159 billion for the period 2019-2020.