Trade deficit history of pakistan

Pakistan's Trade Balance recorded a deficit of 2.6 USD bn in Jun 2019, compared with a deficit of 2.9 USD bn in the previous month. Pakistan's Trade Balance data is updated monthly, available from Jan 1968 to Jun 2019, with an averaged value of -204.8 USD mn. Trade deficit widens to $27.3 billion even as Pakistan records higher exports. The last government of the PML-N had projected to limit the deficit to $25.7 billion.

Pakistan’s trade deficit has hit a record level of 30 billion US dollars in the first 11 months of 2016-17, showing a jump of 42 per cent as compared to the same period in the previous financial year. Exports have declined by three per cent to 18.5 billion US dollars while imports have gone up by 21 per cent to 48.5 billion US dollars. The U.S. goods trade deficit with Pakistan was $860 million in 2018. According to the Department of Commerce, U.S. exports of goods to Pakistan supported an estimated 10 thousand jobs in 2015 (latest data available). Exports. Pakistan was the United States' 55th largest goods export market in 2018. Fluctuating world demand for its exports, domestic political uncertainty, and the impact of occasional droughts on its agricultural production have all contributed to variability in Pakistan's trade deficit. The trade deficit for the fiscal year 2013/14 is $7.743 billion, exports are $10.367 billion in July–November 2013 and imports are $18 Pakistan recorded a Current Account deficit of 4.80 percent of the country's Gross Domestic Product in the 2019 fiscal year. Current Account to GDP in Pakistan averaged -2.43 percent from 1980 until 2019, reaching an all time high of 4.90 percent in 2003 and a record low of -8.50 percent in 2008. This page provides - Pakistan Current Account to GDP - actual values, historical data, forecast The trade deficit is also known as a negative balance of trade. To calculate the trade deficit, one needs to subtract the value of a country’s exports from the total value of imports. In Pakistan, the export surged up to $2.14bn from $1.88bn since last year, exhibiting an appreciation of 13.82pc. Illustration by Muhaddisa Shahzad. Pakistan’s trade deficit has hit a record level of 30 billion US dollars in the first 11 months of 2016-17, showing a jump of 42 per cent as compared to the same period in the previous financial year.

TRADE AND COMMERCE – BALANCE OF PAYMENTS. The external sector has long proved to be problematic for the Pakistan economy. Most episodes.

Foreign Trade Statistics of Pakistan is being compiled regularly since 1947. Initially from 1947 to users of trade statistics. I- HISTORICAL BACKGROUND: 3 of Imports, Exports and Balance of Trade is prepared and released up to 10th of  Pakistan's Trade Balance recorded a deficit of 2.6 USD bn in Jun 2019, compared with a deficit of 2.9 USD bn in the previous month. Pakistan's Trade Balance data is updated monthly, available from Jan 1968 to Jun 2019, with an averaged value of -204.8 USD mn. Trade deficit widens to $27.3 billion even as Pakistan records higher exports. The last government of the PML-N had projected to limit the deficit to $25.7 billion. Pakistan's trade deficit widens to historic level. ISLAMABAD: In what is seen as a dangerous development for Pakistan’s external sector, the monthly import bill crossed $5 billion for the first time in March, which took the nine-month trade deficit to $23.4 billion – also a new record. Pakistan recorded a trade deficit of 298169 PKR Million in February of 2020. Balance of Trade in Pakistan averaged -44836.24 PKR Million from 1957 until 2020, reaching an all time high of 6457 PKR Million in June of 2003 and a record low of -452668 PKR Million in June of 2018. Trade deficit in the month of June 2018 was reported at $3.8 billion, according to data from the Pakistan Bureau of Statistics released on Wednesday. This is an increase of about 3.7% compared to the trade deficit of $3.67 billion in the month before (May).

Pakistan is the 68th largest export economy in the world and the 98th most complex economy according to the Economic Complexity Index (ECI). In 2017, Pakistan exported $24.8B and imported $55.6B, resulting in a negative trade balance of $30.9B. In 2017 the GDP of Pakistan was $304B and its GDP per capita was $5.53k.

PDF | This study explores factors that affect trade deficit in Pakistan, India and product of Pakistan, India and Bangladesh, now the study presents yearly  Dec 30, 2019 The IMF in its recent report on Pakistan economy estimated that Pakistan's CAD would reduce to 2.4 percent of the GDP in current fiscal year as  Jan 6, 2020 Islamabad-Pakistan's trade deficit has contracted by 30.58 per cent during July to December 2019-20 as the imports have declined by 17.06  Increased imports and softer demand for Pakistan's textiles and apparel in major markets also caused the current account deficit to further increase. The balance  TRADE AND COMMERCE – BALANCE OF PAYMENTS. The external sector has long proved to be problematic for the Pakistan economy. Most episodes. Historical Perspective, Current Situation and Future Evolution. Historical Perspective Current account deficit hovered around $ 3-3.5 billion or. 4-5% of GDP. Feb 12, 2019 Pakistan's trade deficit plunged by 9.66 per cent to $19.26 billion during the first seven months of the current fiscal, as compared to the same 

CEIC extends history for monthly Trade Balance. The Pakistan Bureau of Statistics provides Trade Balance in USD. Trade Balance prior to January 1996 is  

Pakistan: Trade balance as percent of GDP: For that indicator, The World Bank provides data for Pakistan from 1967 to 2018. The average value for Pakistan 

Pakistan recorded a Current Account deficit of 4.80 percent of the country's Gross Domestic Product in the 2019 fiscal year. Current Account to GDP in Pakistan averaged -2.43 percent from 1980 until 2019, reaching an all time high of 4.90 percent in 2003 and a record low of -8.50 percent in 2008. This page provides - Pakistan Current Account to GDP - actual values, historical data, forecast

Trade deficit widens to $27.3 billion even as Pakistan records higher exports. The last government of the PML-N had projected to limit the deficit to $25.7 billion. Pakistan's trade deficit widens to historic level. ISLAMABAD: In what is seen as a dangerous development for Pakistan’s external sector, the monthly import bill crossed $5 billion for the first time in March, which took the nine-month trade deficit to $23.4 billion – also a new record. Pakistan recorded a trade deficit of 298169 PKR Million in February of 2020. Balance of Trade in Pakistan averaged -44836.24 PKR Million from 1957 until 2020, reaching an all time high of 6457 PKR Million in June of 2003 and a record low of -452668 PKR Million in June of 2018. Trade deficit in the month of June 2018 was reported at $3.8 billion, according to data from the Pakistan Bureau of Statistics released on Wednesday. This is an increase of about 3.7% compared to the trade deficit of $3.67 billion in the month before (May). The trade deficit contracted by over $2 billion to $19.264 billion in the July-January period of 2018-19 against a deficit of $21.32 billion during the corresponding months last year. Pakistan's trade deficit plunged by 9.66 per cent to $19.26 billion during the first seven months of the current fiscal, as compared to the same period last year.

Pakistan recorded a Current Account deficit of 661 USD Million in the fourth quarter of 2019. Pakistan Current Account - values, historical data and charts - was  Pakistan trade balance for 2015 was $-17.44B, a 11.23% increase from 2014. Download Historical Data Save as Image.