Merchandise exports up by 10.58pc in July

ISLAMABAD: The merchandise exports from the country witnessed 10.58 percent increase during the first month of the ongoing fiscal year (2017-18), compared to the corresponding month of last year.

Pakistan exported goods worth $1.631 billion in July 2017 compared to the exports of $1.475 billion in July 2016, showing upward growth of 10.58 percent, according to latest figures of Pakistan Bureau of Statistics (PBS).

The merchandise imports during the month under review also increased by 36.74 percent compared to July 2016.

The imports into the country during July 2017 were recorded at $4.835 billion compared to the imports of $3.536 billion, the data revealed.

Based on the figures, the traded deficit during July 2017 was recorded at $3.204 billion, which shows growth of 55.46 percent when compared to the deficit of $2.061 billion during July 2016.

Meanwhile, on month-on-month basis, the exports from the country witnessed negative growth of 14.70 percent in July 2017 when compared to the exports of $1.912 billion in June 2017.

The imports into the country increased by 6.64 percent in July 2017 when compared to the imports of $4.534 billion recorded during June 2017, according to the data.