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Pakistan’s Exports Slip 3.8% in Q1, Trade Deficit Soars Nearly 46%

Pakistan’s exports fell by 3.83 percent in the first quarter of FY26, declining to $7.60 billion, marking the second consecutive monthly drop.

According to data released by the Pakistan Bureau of Statistics, exports stood at $7.60 billion during July–September FY26, compared to $7.91 billion in the same period last year.

In contrast, imports surged by 13.49 percent in the first quarter, reaching $16.97 billion, up from $14.95 billion in the corresponding period last year.

Exports in September FY26 totaled $2.50 billion, down 11.71 percent from $2.84 billion in the same month last year. Imports during the month increased to $5.84 billion, compared with $5.13 billion recorded a year earlier.

As a result, the trade deficit widened sharply to $3.34 billion in September, up 45.83 percent from $2.3 billion in the same month of last year.

On a month-on-month basis, however, exports saw a modest recovery, rising 3.64 percent in September to $2.50 billion compared to $2.42 billion in August. Imports also recorded a significant increase of 10.53 percent, climbing from $5.29 billion in August to $5.84 billion in September.

Consequently, the trade deficit widened by 16.33 percent on a monthly basis, rising to $3.34 billion in September from $2.87 billion in August.

The main reason behind the fall in exports remains declining textile shipments, which make up nearly 60 percent of the country’s total exports.

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