Pakistan’s trade deficit significantly increased by 9% to $26.3 billion in FY 2024-25, as compared to the previous fiscal year, data released by the Pakistan Bureau of Statistics (PBS) showed.
The country’s trade balance, the gap between exports and imports, was recorded at a deficit of $24.1 billion in FY 2023-24.
Exports in FY25 increased by 4.7% to $32.1 billion from $30.7 billion in FY24.
“Sustainable double-digit export growth will require political and economic stability, energy reforms, and global competitiveness,” said Topline Securities.
Meanwhile, imports in FY25 also rose by 6.6%, clocking in at $58.4 billion from $54.8 billion recorded in FY24.
Balance of trade in June
The country’s trade deficit decreased marginally by 3.4 % to $2.3 billion in June 2025, as compared to the same month of the previous year.
The country’s trade balance was recorded at a deficit of $2.4 billion in June 2024.
The trade deficit declined year-on-year (YoY) in June 2025 on the back of a decrease in the country’s imports and exports. However, the decline in imports was more pronounced.
Exports in June 2025 stood at $2.54 billion, down 0.6% against $2.56 billion recorded in June 2024.
Meanwhile, imports were recorded at $4.86 billion, down 2% against $4.96 billion in the same period last year (SPLY).
On a month-on-month (MoM) basis, the trade deficit lowered significantly by 9.5% in June 2025 against $2.57 billion in May 2025.
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