Trade deficit widened to a provisional $1.159 billion in May from $807.9 million in April and $641.6 million in May 2005, official data showed on Saturday. The cumulative trade deficit for the July-May period was $10.63 billion against $5.50 billion a year earlier, the data from the Federal Bureau of Statistics showed.
Country''s exports during July-May period of current fiscal year 2005-06 were recorded at $14.952 billion showing 16.4 percent increase over exports worth $12.659 billion realised in the same period of the last fiscal year.
According to the provisional trade figures released here on Saturday, the exports during the month of May 2006 totalled at $1.489 billion as against $1.378 billion achieved in the like period of previous fiscal year, showing 6 percent increase.
The exports worth $1.489 billion realised in the month of May are also up by 2.6 percent when compared with the exports worth $1.451 billion achieved in April.
During the first eleven months of current fiscal year (July-May), imports also witnessed 39.4 percent growth to $25.598 billion from $18.368 billion of the same period of last financial year.
The country''s imports in May were recorded at $2.646 billion, witnessing an increase of 31.1 percent over imports worth $2.020 billion realised in the corresponding month of the last fiscal year.
Imports worth 2.648 billion realised in the month of May are also up by 17.2 percent when compared with $2.259 billion imports achieved in April this year.