Merchandize Export Up 1.29% In July-Nov

The country's merchandize exports during first five months of current fiscal year increased by 1.29 percent as compared to the exports of corresponding period of last year.

ISLAMABAD, (UrduPoint / Pakistan Point News - 11th Dec, 2018 ) :The country's merchandize exports during first five months of current fiscal year increased by 1.29 percent as compared to the exports of corresponding period of last year.

The exports from the country during the period under review reached to US$ 9.12 billion against exports worth of $9.004 billion during same period of previous year, according to latest data released by Pakistan Bureau of Statistics (PBS) on Tuesday.

Meanwhile, the imports into the country during the period under review decreased by 0.78 percent to $23.633 billion against the imports of $23.818 billion in July-November (2017-18).

The trade deficit during July-November (2-018-19) shrank by 2.03 percent to $14.513 billion against $14.

814 billion recorded during first five months of last fiscal year.

On year-on-year basis, the trade deficit also posted a decrease of 0.25 percent as it reduced from $2.79 billion in November to $2.783 billion in same period of current fiscal year.

However, the exports in November 2018 decreased by 6.35 percent and 3.15 percent when compared with the exports during November 2017 and October 2018 respectively.

The exports decreased from $1.968 billion in November last year to $1.843 billion this year, whereas exports during October 2018 were recorded at $1.903 billion.

Similarly, in the month of November 2018, imports into the country reduced by 4.44 percent as it was registered at $4.26 billion as compared to $4.841 billion during October 2018.