Pakistan Trade Balance, Remittances and Current Account
The dollars Pakistan earns and spends: exports and imports every month, remittances from Pakistanis working abroad, and the current account that adds them up. Together they decide the pressure on the rupee and reserves.
Latest data: Sep 2026
Fiscal year so far: FY2027, July to Aug
Against the same months a year earlier. Pakistan's fiscal year runs July to June.
| FY2027 | FY2026 | Change | |
|---|---|---|---|
| Exports | $5.45bn | $5.28bn | +3.2% |
| Imports | $11.64bn | $10.42bn | +11.7% |
| Trade balance | −$6.19bn | −$5.14bn | −$1.05bn |
| Remittances (to Sep 2026) | $10.88bn | $9.54bn | +14.0% |
Exports and imports
Monthly, US dollars
Trade balance
Monthly, exports less imports
Workers' remittances
Monthly, US dollars
Remittances by country, Sep 2026
Against the same month a year earlier, and the fiscal year so far
| From | Sep 2026 | vs year ago | FY2027 so far |
|---|---|---|---|
| Saudi Arabia | $899m | +19.7% | $2.69bn |
| UAE | $749m | +10.5% | $2.24bn |
| United Kingdom | $515m | +13.3% | $1.63bn |
| EU countries | $448m | +6.0% | $1.41bn |
| Other GCC countries | $342m | +14.2% | $1.00bn |
| United States | $306m | +13.7% | $932m |
| Total, all countries | $3.59bn | +12.7% | $10.88bn |
The total includes countries not listed.
Current account balance
Quarterly, US dollars; below zero is a deficit
Last 12 months
| Month | Exports | Imports | Balance | Remittances |
|---|---|---|---|---|
| Aug 2026 | $2.46bn | $5.49bn | −$3.03bn | $3.66bn |
| Jul 2026 | $2.99bn | $6.15bn | −$3.16bn | $3.63bn |
| Jun 2026 | $2.57bn | $6.15bn | −$3.58bn | $3.47bn |
| May 2026 | $2.36bn | $5.64bn | −$3.28bn | $4.25bn |
| Apr 2026 | $2.62bn | $5.99bn | −$3.37bn | $3.54bn |
| Mar 2026 | $2.53bn | $4.89bn | −$2.37bn | $3.83bn |
| Feb 2026 | $2.48bn | $5.17bn | −$2.69bn | $3.29bn |
| Jan 2026 | $2.75bn | $5.35bn | −$2.60bn | $3.46bn |
| Dec 2025 | $2.76bn | $5.74bn | −$2.98bn | $3.59bn |
| Nov 2025 | $2.28bn | $4.72bn | −$2.44bn | $3.19bn |
| Oct 2025 | $2.63bn | $5.38bn | −$2.75bn | $3.42bn |
| Sep 2025 | $2.61bn | $5.03bn | −$2.43bn | $3.18bn |
Reading the external accounts
- Trade balance
- Exports bring dollars in and imports send them out. Pakistan usually imports more goods than it exports, so the trade balance is mostly a deficit.
- Workers’ remittances
- Money sent home by Pakistanis working abroad, much of it from Saudi Arabia, the UAE, the UK and the US. A large and steady source of dollars.
- Current account
- Trade in goods and services, income and transfers such as remittances added together. A deficit means more dollars leaving the country than coming in.
Questions about trade and remittances
Why do remittances matter for the stock market?
They bring in dollars, support the rupee and reserves, and add to spending and bank deposits at home.
What is the fiscal year to date?
The months since the fiscal year began on 1 July. Pakistan reports trade, remittances and the budget this way, so a figure for July to August is set against July to August a year earlier.
Why does the current account matter?
A widening deficit has to be paid for from reserves or borrowing, which has put pressure on the rupee and interest rates; a surplus eases it.
Source: State Bank of Pakistan. Each figure shows the period it is for: the series are published on their own schedules, so some are more recent than others. Trade figures are the State Bank’s export receipts and import payments.