Trade Deficit Worsens Again

Pakistan's trade deficit widened by 15 percent year-on-year (YoY) to $10.8 billion during the first quarter of fiscal year 2026-27 (1QFY27), up from $9.37 billion in the same period last year, according to data compiled by Topline Securities.

Key points

• Imports stood at $6.5 billion in September, rising 11 percent from the same month last year and 12 percent from August 2026.
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• Exports additionally recorded robust expansion during the month, increasing 18 percent YoY and 16 percent MoM to $2.9 billion.
• Imports rose by around $2.2 billion during the quarter, almost three times the approximately $824 million growth in exports.
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For context, the quarterly trade gap widened as imports grew faster in absolute terms than exports. While exports rose 11 percent to $8.4 billion from $7.6 billion a year earlier, imports rose 13 percent YoY to $19.2 billion during 1QFY27. Brent Crashes Below $100.

In practice, the trade deficit additionally remained elevated in September, reaching $3.6 billion. The monthly gap rose 6 percent YoY and 8 percent month-on-month (MoM).

Nevertheless, the rise in exports was not enough to offset the larger rise in imports. The monthly trade deficit rose from $3.35 billion in September 2025 and $3.29 billion in August 2026 to $3.56 billion in September.

Pakistan's monthly trade gap has remained high since the start of FY27. It stood at around $3.8 billion in July, declined to $3.3 billion in August and rose again to $3.6 billion in September. Stay Connected with ProPakistani.

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For now, trade Deficit Worsens Again remains the part of the story worth watching, and further updates are likely as more details are confirmed.