Pakistan’s merchandise exports declined to $15.184 billion during the first six months (July–December) of the current fiscal year 2025–26, according to the latest data released by the Pakistan Bureau of Statistics (PBS).
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The PBS report shows that exports fell by 8.70 percent compared to $16.631 billion recorded in the corresponding period of the previous fiscal year 2024–25.
In contrast, imports posted a significant increase of 11.28 percent, rising to $34.388 billion during July–December 2025–26, up from $30.902 billion in the same period last year.
As a result, Pakistan’s trade deficit widened sharply to $19.204 billion in the first half of the fiscal year, compared to $14.271 billion a year earlier, reflecting an increase of 34.57 percent.
On a year-on-year basis, exports in December 2025 dropped by 20.41 percent to $2.317 billion, down from $2.911 billion in December 2024. During the same month, imports edged up by 2 percent to $6.022 billion, compared to $5.904 billion last year.
Month-on-month data also showed a decline in exports, which fell by 4.26 percent in December compared to $2.420 billion in November 2025. Imports, however, surged by 13.49 percent, increasing from $5.306 billion in November to $6.022 billion in December, PBS said.
The latest figures highlight growing pressure on Pakistan’s external sector, driven by falling exports and rising import demand.
