Pakistan’s monthly imports of goods reached $5.2 billion in December 2024, the highest figure in two years and an increase of $800 million compared to November 2024’s $4.4 billion.
This recovery comes after a decline to $4.5 billion in December 2023, reflecting renewed momentum in trade flows and regional partnerships.
Imports from Iran saw a significant increase, with $129.7 million recorded in November 2024 alone – a 47% increase year-on-year during the July-November period, according to government sources.
Trade with India also continued to grow, despite the suspension of formal trade relations, with imports up 5% in August 2024 compared to the same month last year.
Analysts attribute the rise in December to easing restrictions on imports, strengthening regional relations, and increasing demand for raw materials to support local industries.
While higher imports could put pressure on the current account, it also signals an uptick in economic activity.
This achievement is in line with broader trends of regional trade reliance and underscores Pakistan’s ability to enhance its economic resilience through diversified imports.
However, the increase also highlights the need for strategic planning to balance trade growth with financial stability.
The data presents a dual challenge for policymakers – maintaining momentum while mitigating external vulnerabilities and managing rising import costs.
The path of imports in 2025 is likely to depend on ongoing reforms and trade policies with key regional partners.