The country’s trade balance, the gap between exports and imports, was recorded at a deficit of $2.15 billion in November 2024.

The trade deficit expanded year-on-year (YoY) in November 2025, driven by higher imports and a significant decrease in exports.

Exports in November 2025 stood at $2.39 billion, down 15.4% against $2.83 billion recorded in November 2024.

Meanwhile, imports were recorded at $5.25 billion, up over 5% against $4.98 billion in the same period last year (SPLY).

On a month-on-month (MoM) basis, the trade deficit fell nearly 12% in November 2025 against $3.24 billion in October 2025. The decline came amid a decrease in both exports and imports on a monthly basis

During the first five months of the fiscal year 2025-26 (5MFY26), the country’s trade deficit increased by over 37% to $15.47 billion from $11.28 billion recorded in SPLY.

Exports in 5MFY26 decreased by over 6% to $12.84 billion from $13.72 billion in SPLY.

On the other hand, imports in 5MFY26 rose by 13% to $28.3 billion from $25 billion recorded in 5MFY25.

Earlier, Pakistan’s current account deficit rose sharply by 256% in the first four months of this fiscal year (FY26), clocking in at $733 million during July to October FY26, compared with $206 million in the same period last year. This reflects a widening of $527 million.