Trade Deficit in Pakistan rises as imports grow faster than exports.Pakistan’s trade deficit widens to $10.79 billion in the first quarter of fiscal 2026-27.

Pakistan’s trade deficit widened to $10.79 billion during the first quarter of fiscal year 2026-27, up 15.1% from $9.37 billion in the same period last year, according to Pakistan Bureau of Statistics data.

The increase came as imports continued to grow faster than exports. Imports rose 13.2% to $19.22 billion during July-September, while exports increased 10.8% to $8.42 billion.

The trade gap also widened in September. The monthly deficit reached $3.56 billion, compared with $3.35 billion in September 2025 and $3.29 billion in August 2026. This represented a year-on-year increase of about 6% and a month-on-month rise of nearly 8%.

Exports nevertheless recorded strong growth during the month. September exports rose 17.6% year-on-year to $2.94 billion, compared with $2.50 billion a year earlier. Exports also increased by about 16% from August, when they stood at $2.53 billion.

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Imports reached $6.49 billion in September, up 11.1% from $5.85 billion a year earlier. The faster growth in imports in absolute terms outweighed the increase in exports and pushed the monthly trade gap higher.

The latest figures show that stronger export performance has not yet been enough to offset the continued rise in imports. During the first quarter, the increase in imports was about $2.24 billion, compared with an export increase of roughly $824 million.

Meanwhile, Pakistan’s services trade also showed growth during the first two months of the fiscal year. Services exports increased by about 29% in July-August, while services imports rose by roughly 9.8%.

The Pakistan Bureau of Statistics publishes the country’s merchandise and services trade data through its external trade statistics programme.

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