Pakistan exports have declined by 15.12 per cent in November 2015 in the same month of the preceding year, according to Pakistan Bureau of Statistics (PBS). Provisional trade figures released by the PBS on Thursday revealed that the country''s exports have contracted to $1.642 billion in November 2015 from $1.958 billion in November 2014, reflecting a 15.12 per cent decline.
However, imports have increased from $3.59 billion to $3.9 billion reflecting an increase 8.87 per cent for the period under review. As a result trade deficit in November 2015 over same month a year ago was noted at 37.50 per cent. The data also reveals 13.81 per cent decline in exports during July-November 2015 over the same period of last fiscal year. The exports have decreased from $9.9 billion in July-November 2014 to $8.541 billion in July-November 2015.
However, the decline in imports was 9.03 percent for the same period consequent to decline in imports from $20.311 billion last year to $18.477 billion. Exports have been reported at $8.541 billion and imports at $18.477 billion, which reflects a deficit of $9.936 billion during July-November 2015.
The trade deficit during July-November 2015 was noted at 4.48 per cent as compared to the corresponding period of last fiscal year. The country''s trade deficit was $2.25 billion in the month of November 2015 due to $3 billion imports against $1.662 billion exports. When compared to previous month of October 2015, the country exports have contracted by 3.88 per cent. However, the imports have declined only by 0.23 per cent.