Pakistan exports stood at $1.627 billion in July 2018 and imports $4.809 billion, which led to a trade deficit of $3.182 billion for the same month a year before. An increase of 1.17 percent was noted in exports in July 2018 over July 2017 while 0.60 percent surge in imports for the same period was witnessed, according to the PBS data.
However, there was a decline of 12.77 percent in exports in July 2018 over previous month of June as exports contracted to $1.646 billion in July 2018 from $1.887 billion while imports decreased by 15.03 percent as total imports reduced from $5.694 billion in June 2018 to $4.838 billion in July 2018.
The increase in exports and reduction in imports led to decline in trade deficit by 16.15 percent in July 2018 over June 2018. Trade deficit recorded at $3.807 billion in June 2018 was brought down to $3.192 billion in July 2018.