Pakistan’s trade deficit widened to $34.758 billion in the first 11 months of FY26, an increase of 17.48% over the same period last year, as falling exports and rising imports continued to put pressure on the external account, according to figures issued by the Pakistan Bureau of Statistics (PBS) on Wednesday.
The available data shows imports rising 5.94% to $62.66 billion during July 2025-May 2026, while exports fell 5.6% to $27.9 billion in the same period. In May, the monthly trade deficit narrowed 13.7% year-on-year to $2.58 billion as exports increased 1.26% to $2.71 billion, and imports declined 6.6% to $5.287 billion.
The services trade deficit, meanwhile, reduced 17.4% to $2.04 billion in July-April, as exports rose 17.7% to $8.3 billion against an 8.6% rise in imports.
According to analysts, the services sector continues to thrive in Pakistan but is not yet of sufficiently large scale to offset the trade imbalance.