Food Exports Grew By 48.17% In 09 Months, Reached $5.651 Bln
Fahad Shabbir (@FahadShabbir) Published April 19, 2024 | 12:30 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 19th Apr, 2024) Food group exports from the country during the first nine months of the current financial year (2023-24) increased by 48.17 per cent as compared to the exports of the corresponding period of last year.
During the period from July-March, 2023-24, food commodities valued at $5.651 billion were exported as against the exports of $3.814 billion in the same period of the last year, according to the data released by the Pakistan Bureau of Statistics.
During the period under review, rice exports increased by 83.37 per cent and over 4.550 million tons of rice worth $2.930 billion were exported as compared to the exports of 2.939 million tons valued at $1.598 billion in the same period of last year, it added.
Meanwhile, the exports of fruits grew by 17.34 per cent and vegetables by 42.79 per cent as 782,155 metric tons of fruits and 906,836metric tons of vegetables valued at $265.655 million and $94.896 were exported during the period under review, the data revealed.
Similarly, the exports of tobacco increased by 19.99 per cent and spices by 19.90 per cent respectively as 16,968 metric tons of tobacco worth $61.576 million and 29,011 metric tons of spices valued at $87.297 million were exported during nine months of the current financial year.
The exports of oil seed and nuts grew by 131.60 per cent, whereas exports of sugar decreased by 74.63 per cent as compared to the exports of the same period of last year, it added.
The country earned $386.928 million by exporting about 93,508 metric tons of meat and meat products as the exports of meat and meat preparations grew by 28.24 per cent during the period under review.
Meanwhile, on a year–on–year basis, the food group exports increased by 16.35 percent going up from $ 588.759 million in March 2023 to $ 685.025 million in March 2024.
On a month-on-month basis, the textile exports, however, decreased by 2.36 percent when compared to the exports of $ 701.565 million in February 2024.
Recent Stories
Dubai Police Marks International Workers' Day with 'Talabat' Riders
Sharjah Ruler inaugurates 15th annual Sharjah Children’s Reading Festival
Parineeti Chopra opens up about her decision to marry politician Raghav Chadha
PCB decides to set up training camp for national team ahead of England, Ireland ..
Virat Kohli's sweet birthday wish for Anushka Sharma
Interior Minister commends Pakistan Coast Guards
Pakistan women’s squad announced for England tour
Punjab CM Maryam inaugurates initiative of field hospitals
PM Shehbaz constitutes committee to investigate caretaker govt’s wheat import ..
Women T20I: Pakistan to face West Indies in fourth match tomorrow
Pak-UK 6th Regional Stabilization Conference underway at NDU, Islamabad
World Labor Day being observed today
More Stories From Business
-
SRB tax collection surges 29% to Rs 185.2 billion
15 hours ago -
WSSP, district admin to launch joint operation against water bills defaulters
17 hours ago -
Mega Cotton Seminar held in Bahawalpur
19 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 1 May 2024
22 hours ago -
Today Gold Rate in Pakistan 01 May 2024
22 hours ago -
Petrol prices slashed by Rs 5.45 per liter
1 day ago
-
Govt reduces petrol price by Rs5.45 per litre
1 day ago -
FBR issues Income Tax General Order to enforce return filing
1 day ago -
Planning minister reviews preparations for upcoming 13th JCC meeting, PM Shehbaz’s expected visit ..
1 day ago -
FBR issues Income Tax General Order to enforce return filing
1 day ago -
LCCI delegation visits Business Facilitation Center
1 day ago -
2-day Pak-International Poultry Expo begins
1 day ago