Pakistan - Imports of goods and services (BoP, current US$)

The latest value for Imports of goods and services (BoP, current US$) in Pakistan was $67,869,240,000 as of 2018. Over the past 42 years, the value for this indicator has fluctuated between $67,869,240,000 in 2018 and $2,643,865,000 in 1976.

Definition: Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, nonmonetary gold, and services. Data are in current U.S. dollars.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also:

Year Value
1976 $2,643,865,000
1977 $2,993,491,000
1978 $3,855,733,000
1979 $5,100,890,000
1980 $6,347,873,000
1981 $6,601,897,000
1982 $6,721,840,000
1983 $6,607,695,000
1984 $7,355,744,000
1985 $7,090,127,000
1986 $7,200,329,000
1987 $7,570,955,000
1988 $8,623,660,000
1989 $9,112,948,000
1990 $10,205,370,000
1991 $10,997,460,000
1992 $12,399,960,000
1993 $12,018,660,000
1994 $11,884,760,000
1995 $14,185,290,000
1996 $15,622,530,000
1997 $13,408,450,000
1998 $11,996,000,000
1999 $11,565,000,000
2000 $12,026,000,000
2001 $11,952,000,000
2002 $12,566,000,000
2003 $15,210,000,000
2004 $22,007,000,000
2005 $29,275,200,000
2006 $35,098,000,000
2007 $37,586,000,000
2008 $47,929,000,000
2009 $35,151,430,000
2010 $40,016,000,000
2011 $47,151,000,000
2012 $48,902,000,000
2013 $49,167,000,000
2014 $51,141,000,000
2015 $48,622,000,000
2016 $51,906,000,000
2017 $64,498,000,000
2018 $67,869,240,000

Development Relevance: The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance. A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.

Limitations and Exceptions: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

Statistical Concept and Methodology: The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions. The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives. The complete balance of payments methodology can be accessed through the International Monetary Fund website (

Aggregation method: Gap-filled total

Periodicity: Annual

General Comments: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.


Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments