Trade deficit hits all-time high in November

Faraqlit

Senator (1k+ posts)
For the Patwari Zombies

  • Pakistan trade balance for 2020 was $-18.60B, a 34.45% decline from 2019.
  • Pakistan trade balance for 2019 was $-28.38B, a 18.72% decline from 2018.
  • Pakistan trade balance for 2018 was $-34.92B, a 22.76% increase from 2017.
  • Pakistan trade balance for 2017 was $-28.44B, a 45.5% increase from 2016.


Pakistan$-18.60B
Bangladesh$-20.76B
Egypt$-27.56B
Philippines$-28.19B

Source
 

Khalid Waheed

MPA (400+ posts)
During November alone, energy imports stands at $2.4bn (+166%), Raw material $2.2bn (+ 66%), capital goods & machinery $1.14bn (+72%), Food $911mn (+22%), vaccines $621mn (+2500%)

● Raw material
● Capital goods & machineries
Increase in these two segments are base of more productivity, will result in more exports or more in local economy.

Well increase in energy imports itself is an indicator of good economical recovery
 

Faraqlit

Senator (1k+ posts)
Pakistan Imports - Historical Data
YearBillions of US $% of GDP
2020$43.86B16.63%
2019$56.53B20.32%
2018$63.14B20.07%
2017$53.59B17.60%
2016$45.03B16.16%
2015$46.13B17.05%
 

Faraqlit

Senator (1k+ posts)
  • Pakistan imports for 2020 was $43.86B, a 22.42% decline from 2019.
  • Pakistan imports for 2019 was $56.53B, a 10.46% decline from 2018.
  • Pakistan imports for 2018 was $63.14B, a 17.82% increase from 2017.
  • Pakistan imports for 2017 was $53.59B, a 19% increase from 2016.
 

zaheer2003

Chief Minister (5k+ posts)
Earlier thread deleted due to formatting issues...
Pakistan is heading towards 2018 CAD crisis again.
https://twitter.com/x/status/1466238620805828608 View attachment 3914
View attachment 3915
Desprado BND Pakistan Resilient miafridi AZ1 Sohail Shuja Rajarawal111 Siberite Awan S Tit4Tat Shazi ji
https://twitter.com/x/status/1466403764118736906
 

Sohail Shuja

Chief Minister (5k+ posts)
Thanks for the reply.

But slowing down consumption slows down the economic activity. So, fewer jobs, less business, harder to collect taxes when less economic activity. Less gov income means more fiscal deficit and harder to pay loans and interest. Right?

I am interested to know how can we restrict energy import bill? Because that one is hitting CAD the hardest.

I don't think so. Believe its temporary due to post-COVID global crisis.
Pakistan will come over it.


Crashing of PSX is not a good sign. Means your FDI is draining and the investor is sensing something really bad with the market. Need to look at it seriously.