Someone from shipping business mentioned that exports of the country had declined in last few years while imports had shot up. I am not an expert in economics but the basics tell us that there should be balance in exports and imports otherwise we endup with huge trade-deficits.
Does anyone have a link where we can check year-by-year exports from the country? Thanks.
Re: Exports declined?
From Spock (:k: ):
http://www.statpak.gov.pk/depts/fbs/statistics/external_trade/14.8.pdf
So exports didn’t decline really, here is the graph I made from this PDF data:
The number on Y-axis is for “Millions in US$”. Though the exports didn’t decrease but it is obvious that the imports really far outpaced exports. The trade deficit is now around US$ 14 billion.
Re: Exports declined?
lol…unprecedented deficit :k: