Trade Balance of Goods in Pakistan: Overview from 2017 to 2023

Pakistan consistently recorded trade deficits from 2017 to 2023, with the deficit peaking at -44,170.0 million USD in 2021 due to rising imports of machinery, fuel, and consumer goods. The deficit narrowed to -22,012.0 million USD in 2023, reflecting reduced import demand amid tighter fiscal measures and efforts to curb non-essential imports.

Pakistan’s trade imbalance highlights structural challenges, including reliance on imported energy and industrial inputs, alongside limited export diversification. While the narrowing deficit in 2023 suggests progress, sustainable improvement will require boosting export competitiveness and reducing energy import dependency.