ISLAMABAD: Pakistan\u2019s trade deficit with nine neighbouring countries surged by 43.22 per cent to $5.328 billion during the first half of the current fiscal year (FY25) from $3.72bn in the corresponding period last year.<\/p>\n
The trade gap with the regional countries widened mainly due to higher imports from China, India and Bangladesh during the months under review.<\/p>\n
China\u2019s imports increased the most, while Pakistan\u2019s exports to the same country decreased.<\/p>\n
In contrast to last year, exports to Afghanistan, Bangladesh and Sri Lanka increased unusually. This growth has largely offset the decline in exports to China.<\/p>\n
In FY24, the trade deficit with these countries was $9.506bn, up 49pc from $6.382bn in the preceding year.<\/p>\n
Pakistan\u2019s exports to Afghanistan, Bangladesh and Sri Lanka saw a paltry growth in July-December FY25. Still, exports to other countries, especially China, continued to decline during the period, according to data compiled by the State Bank of Pakistan.<\/p>\n
The value of Pakistan\u2019s exports to nine countries \u2014 Afghanistan, China, Bangladesh, Sri Lanka, India, Iran, Nepal, Bhutan and the Maldives \u2014 rose 7.85pc to $2.404bn in July-December FY25 from $2.229bn over the same period last year.<\/p>\n
Pakistan\u2019s total exports reached to $16.56bn in the first half of FY25, up 10.52pc from $14.98bn over the corresponding months last year.<\/p>\n
Pakistan\u2019s share in total exports to the regional countries is just around 14.51pc.<\/p>\n
Contrary to this, imports surged 29.97pc to $7.732bn in 6MFY25 from $5.949bn over the same period of the previous fiscal year.<\/p>\n
Further analysis showed that imports from China grew by 30.42pc to $7.541bn in 6MFY25 from $5.782bn over the same period last year. In FY24, imports from China stood at $13.506bn, up by 39.78pc from $9.662bn over the previous year. The bulk of imports in the region are sourced from China, followed partially by India and Bangladesh.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD: Pakistan\u2019s trade deficit with nine neighbouring countries surged by 43.22 per cent to $5.328 billion during the first half of the current fiscal year (FY25) from $3.72bn in the corresponding period last year. The trade gap with the regional countries widened mainly due to higher imports from China, India and Bangladesh during the months […]<\/p>\n","protected":false},"author":1,"featured_media":4831,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"_links":{"self":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/4830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4830"}],"version-history":[{"count":1,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/4830\/revisions"}],"predecessor-version":[{"id":4832,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/4830\/revisions\/4832"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/media\/4831"}],"wp:attachment":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}