Goods And Services Trade Deficit Widens To $3.37 Billion In July 2026.
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✧ GENERATE BRIEFING
Pakistan’s combined goods and services trade deficit widened to $3,374 million in July 2026, up from $2,983 million in July 2025, according to provisional State Bank of Pakistan data. The merchandise trade deficit expanded to $3,146 million as goods imports ($6,154 million) outpaced goods exports ($3,008 million). Conversely, the services trade deficit narrowed to $228 million, supported by $927 million in services exports—led by $417 million from telecommunications, IT, and information services—against $1,155 million in services imports, where transport remained the largest outflow at $438 million. For the full fiscal year 2026, total exports reached $40,841 million while imports climbed to $76,490 million, widening the annual trade deficit to $35,649 million compared to $29,639 million in FY25. IT service exports stood out as the strongest overall growth driver, totaling $4,600 million for the year.
Pakistan’s deficit on trade in goods and services stood at $3,374 million in July 2026, provisional figures from the State Bank of Pakistan show.
The gap was wider than the $2,983 million deficit recorded in July of the previous year.
Merchandise Trade Performance
Goods exports (FOB) increased to $3,008 million from $2,750 million a year earlier.
Goods imports, however, rose more sharply to $6,154 million from $5,429 million.
The resulting merchandise trade deficit reached $3,146 million.
Services Trade Details
Exports of services climbed to $927 million, up from $728 million in July 2025.
Telecommunications, computer and information services contributed $417 million.
Other business services added $218 million, while travel receipts stood at $112 million.
Services imports totalled $1,155 million. Transport remained the largest component at $438 million, followed by travel at $291 million.
The services trade deficit narrowed slightly to $228 million from $304 million in the corresponding month of the previous year.
For the full fiscal year 2026, total exports of goods and services were $40,841 million, almost unchanged from $40,793 million in FY25.
Goods exports declined to $30,821 million while services exports rose to $10,020 million.
Imports of goods and services climbed to $76,490 million from $70,432 million, pushing the annual deficit to $35,649 million from $29,639 million.
Within services, telecommunications, computer and information services remained the strongest export category, reaching $4,600 million for the year.
Travel receipts also improved to $1,116 million.
On the import side, transport and travel continued to account for the bulk of outflows.
The data highlights the persistent challenge of a large merchandise deficit that services earnings have only partially offset.
Policymakers are expected to monitor import growth closely while seeking further gains in high-value service exports.
The July numbers are provisional and may be revised in subsequent releases.
