ISLAMABAD: Economic and political uncertainty led Pakistan’s exports to decline by 15.4 percent to 2.2 billion in January 2023 against $ 2.61 billion in same month last year, marking fourth consecutive decline.

Total number of exports in October last year was down 3.25 percent year-on-year, in November 17.6 percent, in December 16.3 percent and in January 15.4 percent over corresponding month of last year.

Last year in same period, import-export gap was at $ 28.86 billion, Pakistan Bureau of Statistics (PBS) data showed.

Exports in July-January period shrank 7.2 percent to $ 16.47 billion from $ 17.74 billion in corresponding month year ago. Similarly, imports were also down 22.5 percent to $ 36.1 billion from $ 46.6 billion recorded in July-January 2021-22.

In January 2023, exports were down 15.4 percent to $ 2.2 billion from $ 2.61 billion in same month year ago, while imports dropped 19.6 percent to $ 4.856 billion from $ 6.036 billion in January 2022.

Published in The Daily National Courier, February, 04 2023

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.