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120% increase in trade deficit in the first two months of the financial year

120% increase in trade deficit in the first two months of the financial year

120% increase in trade deficit in the first two months of the financial year
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The first two months of the current financial year saw a 120 percent increase in the trade deficit, the Federal Bureau of Statistics (FBS) said.

Exports increased by 27.59% to 4 billion 57 crores, compared to 3 billion 58 crores in the same period last fiscal year. Imports were 6.99 billion during the period, with a trade deficit exceeding 7 billion 49 crores.

Exports declined by 4.53% in August compared to July this year. The volume of exports in July 2021 was 34 2.34 billion, the volume of exports in August 2021 was 2 billion 23 crore, compared to July this year.

Imports increased by 15.39% in July 2021. The volume of imports was 5 billion 6 crore. In August 2021, the volume of imports was 6 billion 46 crore.

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