According to data released by the Pakistan Bureau of Statistics (PBS), the trade deficit for the month of March 2021 was recorded at $3.395 billion compared to a deficit of $2.53 billion from February’21, showing an increase of 30 percent. On a yearly basis, the trade deficit increased by 2.19 times, from the deficit of $1.498 billion in March 2020 to $3.395 billion in March 2021.
Exports from Pakistan during March 2021 amounted to $2.365 billion as compared to $ 2.068 billion in the previous month, showing an increase of 14.36% MoM and by 30.66 percent YoY, as compared to $1.810 billion in the same month a year ago.
Cumulatively, during July–March FY21, exports from Pakistan totalled at $18.688 billion against $17.443 billion during the corresponding period of last year, showing a jump of 7.14 percent.
Imports into Pakistan during the month under review recorded at $5.66 billion as compared to $4.6 billion in February 2021, marking a growth of 23.02 percent on a month-on-month basis and by 71.10 percent on a year-on-year basis as compared to $3.3 billion in March 2020.
Overall, the 9-month imports stood at $39.5 billion as against $34.79 billion during the corresponding period of last year, depicting a jump of 13.59 percent YoY
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