Food products valuing 1.432 billion exports, 3.127 billion dollars imported in 04 months

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ISLAMABAD, (UrduPoint/Pakistan Point News – November 18, 2022): The country’s food group exports in the first four months of the current fiscal year increased by 4.27% as different food items worth $1.493 billion was exported compared to exports of $1.432 billion during the same period last year.

During the period from July to October 2022, the products that saw positive growth in their respective exports included fish and fish preparations at 39.65%, 50,859 metric tons of fish and fish products worth $134.596 million exported compared to exports of 30,088 metric tons worth $96.384 million. the same period last year, according to data from the Pakistan Bureau of Statistics.

Meanwhile, more than 378,826 metric tons of vegetables worth $107.460 million were exported in the past four months compared to exports of 199,119 metric tons worth $68.154 million during the same period last year.

Exports of leguminous vegetables (pulses) saw a 100% increase, with 48 metric tons of pulses worth $0.047 million exported compared to the same period last year.

Tobacco exports increased by 55.79%, 6,980 metric tons of tobacco worth $17.792 million were exported against 1,907 metric tons worth $11.

429 million in the same period last year.

During the reporting period, approximately 26,747 metric tons of meat and meat products worth $129.197 million were exported compared to exports of 24,256 metric tons worth $104.558 million during the same period last year, registering a growth of 23.56%.

On the other hand, food imports into the country over the past 04 months have also increased by 9.71% as the country spent $3.431 billion on importing edibles compared to $3.127 billion for the same period last year.

Commodities that contributed to the growth in the import bill included wheat which increased by 96.14%, soybean oil by 365.90%, palm oil by 23.68% and legumes by 25.82%.

During the period from July to October 2022, 1.098 million tons of wheat worth $460.596 million were imported, in addition to importing 985,872 tons of palm oil worth $1.406 billion. dollars and soybean oil worth $111.732 million to meet local needs.

In addition, about 77,898 tons of tea worth $129.474 million and 23,107 tons of dried fruits and nuts worth $13.430 million were also consumed in the country in the first four months. of the current fiscal year.

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