Pakistan’s total imports decreased by $ 1 billion, from $ 7.9 billion to $ 6.9 billion in December 2021 compared to November 2021. The projection of imports for the month was $ 6.2 billion. of dollars.
The data was shared by Prime Minister’s Trade and Investment Advisor Abdul Razak Dawood in a tweet.
Early indications are that import growth has started to slow. Imports of 🇵🇰 in December 2021 decreased 🔽 to $ 6.9 billion from $ 7.9 billion in November 2021. This is a decrease of $ 1 billion. The import projection for December 2021 was $ 6.2 billion. 1/4
– Abdul Razak Dawood (@razak_dawood) January 2, 2022
He added that during the same period, exports increased by 16.7%, from 2.36 billion rupees to 2.76 billion dollars. However, they were still below the monthly target of $ 2.8 billion.
In the first half of fiscal year 2021-2022 (July-December), the total scale of exports was $ 15.12 billion, compared to $ 12.11 billion in the corresponding period of the year. last.
Pakistan’s current account deficit, the difference between exports and imports, has widened in recent months.
In November, the deficit stood at $ 5.10 billion, the highest trade deficit recorded in a single month. December’s deficit of $ 4.14 billion is significantly lower than the month before.
In the first five months of the current fiscal year, Pakistan exported goods worth $ 12.36 billion, while imported items worth $ 33.11 billion. The trade deficit stood at $ 20.74 billion.