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2021 July-December

ISLAMABAD: During the first half of fiscal year 2021-22 (July-December), the country’s trade deficit reached $ 25 billion, up from $ 12.363 billion in the same period of fiscal year 2020-21. Total imports during the first six months of FY 2021-22 were $39.912 billion, while exports were $15.125 billion, a difference of $40 billion.

Imports were $6.9 billion in December 2021, compared to $ 5.005 billion in December 2020, a $2 billion difference.

Also read: FITCH PREDICTS PAKISTAN’S ECONOMIC RECOVERY TO CONTINUE IN FY2021-22

Early signs suggest that import growth has slowed, according to the Commerce Ministry. Imports were $ 6.9 billion in December 2021, down from $ 7.9 billion the previous year.

Nov 2021. This is a decrease of $ 1 billion. The import projection for Dec 2021 was $ 6.2 billion.

During Dec 2021, Pakistan’s exports increased by 16.7% to $2.761 billion as compared to $ 2.366 in Dec 2020. The Export target for the month was $2.8 billion.

During the first half of the current FY (Jul-Dec 2021), exports increased by 25% to $ 15.125 billion as compared to $ 12.110 billion during Jul-Dec 2020. The Export target for first half of this FY was $15 billion.

According to trade figures, exact trade deficit during July – December 2021-22 was $24.787 billion.

Also read: Inflation isn’t going away anytime soon

During July – December 2021-22 differences in imports was recorded at $15.429 billion to $ 39.912 billion as compared to $24.363 billion in corresponding period of 2020-21.

The Ministry maintained that further details on categories of export & import during Dec 2021 will be shared soon as these are compiled.

Trade deficit in December 2021 was recorded at $4.139 billon as compared to $2.639 billion in December 2020.

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