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Foods exports surge by 37.12% to $2.64b in 5 months

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The food exports from Pakistan increased by 37.12 percent during the first five months of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported.

Food exports during July-November (2023-24) were recorded at $2,640.905 million as compared to the exports of $1,925.969 million in July-November (2022-23), a surge of 37.12 percent, according to latest PBS data.

The food products that contributed in the positive growth in of food trade included rice, the exports of which increased by 49.37 percent, from $749.407 million last year to $1,119.406 million during the ongoing fiscal year.

Likewise, the exports of fruits increased by 15.27 percent, from $111.160 million to $128.139 million, leguminous vegetables by 79.01 percent, from $0.047 million last year to $0.084 million and spices by 19.21 percent, from $37.898 million to $45.179 million.

The exports of oil seeds, nuts and kernals increased by 263.82 percent, from $226.47 million to $350.378 million, sugar by 100 percent, from zero exports to $21.070 million, meat and meat preparations by 21.81 percent, from $160.657 million to $195.701 million.

The food products that witnessed negative growth in the trade included fish and fish preparations, the exports of which declined by 12.87 percent, from $185.802 million to $161.896 million.—APP

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