Annual Analysis Report on Pakistan's Foreign Trade Statistics for the Fiscal Year

Key Chapter Title List

1. Pakistan's Export Trade
2. Pakistan's Import Trade
3. Pakistan's Trade by Economic Category
4. Composition of Trade Deficit
5. Trade Indices
6. Key Drivers of Pakistan's Export Growth
7. Challenges to Export Growth
8. Performance of Pakistan's Major Export Commodity Categories
9. Performance of Pakistan's Major Import Commodity Categories
10. Analysis of Sources and Destinations for Pakistan's Imports and Exports
11. Trade Statistics Compilation Methodology and Benchmark Adjustment
12. Trade Data Appendix and Detailed Statistical Tables

Document Introduction

This report, compiled by the Pakistan Bureau of Statistics (PBS), is an authoritative statistical assessment analyzing the dynamics of Pakistan's foreign trade in Fiscal Year 2024 (July 2023 - June 2024). As Pakistan's official statistical agency, PBS systematically presents the country's trade performance against the backdrop of global economic fluctuations, geopolitical changes, and domestic policy adjustments, based on primary sources such as customs import-export data and shipping documents. It provides policymakers, researchers, and trade practitioners with precise data support and analytical perspectives.

The report's core focus is on the overall situation of Pakistan's foreign trade. In FY2024, the country's exports reached USD 30.675 billion, a year-on-year increase of 10.6%, while imports were USD 54.779 billion, a slight decrease of 0.8% year-on-year. The trade deficit narrowed by 12.3% to USD 24.104 billion, indicating preliminary improvements in trade sustainability. Export growth was primarily driven by the strong performance of agricultural products (especially rice), textiles, and petroleum products, while the moderate contraction in imports reflects government controls on non-essential goods imports and adjustments in domestic demand structure.

In terms of structural arrangement, the report provides an in-depth modular analysis of export trade by commodity category (textiles, agri-food, chemicals, leather goods, etc.), regional destination distribution (Asia, Europe, the Americas, Africa, etc.), as well as growth drivers and challenges. The import trade section focuses on analyzing the import trends of core categories such as energy, machinery, consumer goods, and raw materials, along with the dynamics of major supplying countries. Furthermore, the report divides the trade structure by economic category dimension, detailing the performance of primary products, manufactured goods, and services trade. It also quantitatively analyzes the impact of price and quantity changes on trade through trade indices (unit value index, quantum index, terms of trade).

The report's data compilation adheres to United Nations trade statistical standards, adopting 2017-2018 as the new base year, which optimizes commodity classification and weight allocation to ensure the data's international comparability and timeliness. Through detailed statistical analysis of 20 major import and export commodities and 20 core trading partners, the report reveals the progress in Pakistan's trade market diversification (e.g., export growth to Southeast Asian and African markets) and the persisting structural issues (such as reliance on traditional markets and insufficient competitiveness in certain sectors). It provides a comprehensive reference for understanding the pathways and challenges of Pakistan's economic integration into the global system.