Textile exports rise 16% to $1.69b

Pakistan's exports in January 2025 stood at $2.95 billion, reflecting a 6% year-on-year (YoY) increase. However, imports rose at an almost double pace at 11% YoY and as a result, trade deficit widened 18% to $2.3 billion. Exports rose 1% month-on-month (MoM) while imports declined 2% compared to the previous month. Notably, petroleum imports increased 3% YoY but dropped 12% MoM. According to data released by Pakistan Bureau of Statistics (PBS) and AHL Research, exports stood at $2.95 billion in January, reflecting a 6% YoY increase and a 1% MoM rise, while imports surged 11% YoY to $5.27 billion and dipped 2% MoM. For the first seven months of the current fiscal year (7MFY25), Pakistan's trade deficit expanded 2.9% YoY to $13.5 billion as total exports reached $19.58 billion (up 10%), while imports totaled $33.08 billion (up 7%).