Pakistani trade deficit soared to $ 6.87 billion

 Pakistan’s trade deficit fell to $1.71 billion in October from $1.78 billion in September, the Federal Bureau of Statistics said on Friday.But it was larger than the trade deficit in October last year, which was $1.25 billion.Exports fell to $1.89 billion in October, from $1.93 billion a year ago, according to the bureau. Imports totalled $3.60 billion in October, up from $3.19 in October last year. The trade deficit for the first four months of the 2011/12 fiscal year was $6.87 billion, compared with $5.23 billion in the same period a year earlier.Pakistan reported a trade deficit equivalent to 1842 Million USD in August of 2011. Pakistan exports rice, furniture, cotton fiber, cement, tiles, marble, textiles, clothing, leather goods, carpets and rugs and food products. Pakistan imports mainly petroleum, petroleum products, machinery, plastics, transportation equipment, edible oils, paper and paperboard, iron and steel and tea. Its main trading partners are: European Union, China, The United Arab Emirates and The United States. This page includes: Pakistan Balance of Trade chart, historical data and news.