ISLAMABAD: The country’s overall merchandise exports witnessed decline of 2.29 percent during the first ten months of the year as compared to the same period of last year, Pakistan Bureau of Statistics (PBS) showed.
The merchandise exports during the current fiscal year were recorded at $16.918 billion as compared to the exports of $17.314 billion last year.
During the period under review, the country’s imports increased by 19.88 percent by growing from $36.265 billion last year to $43.473 billion this year.
Based on the figures, the overall trade deficit during the first ten months of the year increased by 40.12 percent.
The trade deficit during the first ten months of the current year was recorded at $26.555 billion compared to $18.951 billion, showing an increase of 40.12 percent.