Trade Deficit shrinks by 27% YoY in FY20

Pakistan Bureau of Statistics released the Balance of Trade data today. Trade deficit shrinks by 20% YoY in Jun’20 to $2,123mn. Trade balance closed FY20 with 27% YoY reduction in deficit from $31.8bn in FY19 to $23.2bn in FY20. Export and Imports both plunged YoY in FY20 by 7% and 19%, respectively.

Leave a comment

Your email address will not be published. Required fields are marked *