The exports during July-September (2022-23) were recorded at $7.125 million against the exports of $6.996 billion in July-September (2021-22), showing a growth of 1.84 percent, according to data released b Pakistan Bureau of Statistics (PBS) here Tuesday.

On the other hand, the imports into the country decreased by 12.72 percent during the period under review by going down from $18.715 billion last year to $16.334 during the current year.

Based on the figures, the trade deficit was recorded at $9.209 billion this year against the deficit of $11.719 billion last year, showing negative growth of 21.42 percent, according to the data.

Meanwhile, on a year-on-year basis, the exports from the country witnessed a slight decline of 0.91 percent and were recorded at $2.387 billion in September 2022 against the exports of $2.409 billion in September 2021.

The imports also decreased to $5.269 billion in September 2022 from $6.563 billion in September 2021, showing negative growth of 19.72 percent.

On a month-on-month basis, the exports during September 2022 declined by 3.83 percent when compared to the exports of $2.482 billion in August 2022.

The imports into the country also declined by 13.21 percent in September 2022 when compared to the imports of $6.071 billion in August 2022, according to the data.

On the other hand, the services exports went up by 8.25 percent during the first two months (July-August) of the current fiscal year as compared to the same period of last year.

The service trade during the period under review was recorded at $1.130 billion against the exports of $1.043 billion last year.

Likewise, the import of services witnessed 1.15 percent increase by going up from $1.719 billion last year to $1.738 billion during the current year, according to PBS break up of figures.