Food exports increase 5.43pc to $3.59bn


ISLAMABAD: Exports of food products increased by 5.43 percent during the first three quarters of the current fiscal as compared to the corresponding period of last year.

Food exports from the country during July-March (2013-14) were recorded at $3.590 billion against the exports of $3.405 billion during July-March (2012-13), according to the data of Pakistan Bureau of Statistics (PBS).

The food products that contributed in the positive growth of trade included rice, exports of which increased from $1,386.780 million last year to $1,666.796 million this year, showing increase of 20.19 percent.

Among the rice products, exports of Basmati products increased by 7.09 percent whereas that of other rice commodities increased by 26.71 percent.

The exports of fish and fish preparations increased by 8.84 percent by going up from $232.510 million last year to $253.065 million.

Exports of fruits expanded by 19.14 percent during the period under review as its export increased from $319.526 million to $380.687 million whereas the exports of leguminous vegetables (pulses) increased from $1.527 million to $2.823 million, showing surge of 84.87 percent.

Similarly, the exports of oil seeds, nuts and kernals increased from $24.473 million last year to $7.658 million, showing positive growth of 196.52 percent whereas the exports of meat and meat preparations increased by 13.72 percent, from $156.098 million to $177.509 million.

The food products that witnessed negative growth in trade included vegetables, exports of which decreased by 2.39 percent, from $170.829 million to $166.753 million.

Exports of tobacco decreased by 20.45 percent, from $15.589 million to $12.401 million whereas the exports of wheat decreased by 84.63 percent, from $46.566 million to $7.159 million.

Similarly, exports of spices decreased by 19.72 percent, from $48.271 to $38.754, sugar exports fell by 21.09 percent, from $300.067 million to $236.796 million and the exports of all other food commodities decreased by 18.24 percent, from $703.325 million to $575.047 million.

Pakistan’s overall trade deficit narrowed by 5.49 percent during first three quarters of current fiscal year as exports expanded by 6.06 percent while imports witnessing slight growth of 0.86 percent as compared to the same period of last year.

On year-on-year basis, the trade deficit decreased by 11.98 percent in March 2014 when compared to the deficit of the same month of last year.

The exports from the country during July-March (2013-14) were recorded at $19.107 billion against the exports of $18.016 billion recorded during July-March 2012-13.

On the other hand, the imports into the country during the period under review were recorded at $33.038 billion against the imports of $32.756 billion during the corresponding period of last year.

Based on the figures, the trade deficit during July-March (2013-14) was recorded at $13.931 billion against the deficit of $14.740 billion in July-March (2012-13), showing negative growth of 5.49 percent.

Source: APP

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