The meals exports from Pakistan elevated by 37.12 per cent in the course of the first 5 months of the present fiscal yr in comparison with the corresponding interval of final yr, the Pakistan Bureau of Statistics (PBS) reported.
Meals exports from July-November (2023-24) had been recorded at $2,640.905mn in comparison with the exports of $1,925.969mn in July-November (2022-23), a surge of 37.12 per cent, based on the most recent PBS information.
The meals merchandise that contributed to the optimistic development in meals commerce included rice, the exports of which elevated by 49.37 per cent, from $749.407mn final yr to $1,119.406mn in the course of the ongoing fiscal yr.
Likewise, the exports of fruits elevated by 15.27 per cent, from $111.160mn to $128.139mn; leguminous greens by 79.01 per cent, from $0.047mn final yr to $0.084mn; and spices by 19.21 per cent, from $37.898mn to $45.179mn. The exports of oil seeds, nuts and kernels elevated by 263.82 per cent, from $226.47mn to $350.378mn; sugar by 100 per cent, from zero exports to $21.070mn; meat and meat preparations by 21.81 per cent, from $160.657mn to $195.701mn.
The meals merchandise that witnessed adverse development within the commerce included fish and fish preparations, the exports of which declined by 12.87 per cent, from $185.802mn to $161.896mn, greens by 27.15 per cent, from $121.800mn to $88.728mn and tobacco by 31.23mn, from $24.357mn to $16.750mn.
Based on PBS information, the exports of all different meals objects elevated from $438.537mn to $513.574mn, a rise of 17.11 per cent.
In the meantime, on a year-on-year foundation, the meals exports throughout November 2023 elevated by 60.65 per cent to $696.183mn in comparison with exports of $433.365mn, displaying a development of 60.65 per cent.
On a month-on-month foundation, the meals exports elevated by 4.85 per cent in November 2023 in comparison with the exports of $663.984mn in October 2023.
It’s pertinent to say right here that the nation’s merchandise commerce deficit contracted by 33.59 per cent in the course of the first 5 months of the present fiscal yr in comparison with the corresponding interval of final yr. The commerce deficit from July to November (2023-24) was recorded at $9.378bn towards the deficit of $14.122bn in July to November (2022-23), displaying a adverse development of 33.59 per cent.
Through the interval beneath evaluate, the exports elevated by 1.93 per cent to $12.172bn in comparison with the exports of $11.942bn in the course of the corresponding interval of final yr, based on the most recent PBS information. Alternatively, the imports narrowed by 17.32 per cent and had been recorded at $21.550bn in comparison with $26.064bn final yr.