Pakistan’s trade deficit surges 33% YoY to $2.9bn in November 2025

Pakistan’s trade deficit significantly increased by nearly 33% to $2.86 billion in November 2025, as compared to the same month of the previous year, data released by the Pakistan Bureau of Statistics (PBS) showed on Tuesday.

The country’s trade balance, the gap between exports and imports, was recorded at a deficit of $2.15 billion in November 2024.

The trade deficit expanded year-on-year (YoY) in November 2025, driven by higher imports and a significant decrease in exports.

Exports in November 2025 stood at $2.39 billion, down 15.4% against $2.83 billion recorded in November 2024.

Meanwhile, imports were recorded at $5.25 billion, up over 5% against $4.98 billion in the same period last year (SPLY).

On a month-on-month (MoM) basis, the trade deficit fell nearly 12% in November 2025 against $3.24 billion in October 2025. The decline came amid a decrease in both exports and imports on a monthly basis

During the first five months of the fiscal year 2025-26 (5MFY26), the country’s trade deficit increased by over 37% to $15.47 billion from $11.28 billion recorded in SPLY.

Exports in 5MFY26 decreased by over 6% to $12.84 billion from $13.72 billion in SPLY.

On the other hand, imports in 5MFY26 rose by 13% to $28.3 billion from $25 billion recorded in 5MFY25.

Earlier, Pakistan’s current account deficit rose sharply by 256% in the first four months of this fiscal year (FY26), clocking in at $733 million during July to October FY26, compared with $206 million in the same period last year. This reflects a widening of $527 million.