Pakistan’s Trade Deficit Widens 33% in November as Exports Slump, Imports Rise

Pakistan’s trade deficit surged nearly 33% year-on-year to $2.86 billion in November 2025, driven by a sharp drop in exports and a rise in imports, according to data released Tuesday by the Pakistan Bureau of Statistics. The country’s trade gap stood at $2.15 billion in November 2024. Exports in November 2025 fell 15.4% to $2.39 billion, compared to $2.83 billion a year earlier. Imports, meanwhile, climbed more than 5% to $5.25 billion from $4.98 billion in the same period last year. On a month-on-month basis, the trade deficit narrowed by nearly 12% from $3.24 billion in October 2025, as both exports and imports declined compared to the previous month. For the first five months of the fiscal year 2025-26, the trade deficit widened by over 37% to $15.47 billion, up from $11.28 billion in the same period last year. Exports during July-November dropped more than 6% to $12.84 billion, while imports rose 13% to $28.3 billion.