pakistan food exports recorded a substantial 48.17% growth in nine months
Published on: April 26, 2024.
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ISLAMABAD: The export of food groups from Pakistan has seen a significant increase during the first nine months of the current financial year (2023-24), with a growth rate of 48.17% compared to the same period last year.
Data from the Pakistan Bureau of Statistics (PBS) reveals that food commodities worth $5.651 billion were exported between July and March 2023-24, recording a substantial rise from $3.814 billion in the corresponding period the previous year.
Rice exports have particularly flourished, witnessing a remarkable increase of 83.37%. More than 4.550 million tons of rice, valued at $2.930 billion, were exported during this timeframe compared to 2.939 million tons worth $1.598 billion in the same period last year. The export of fruits also grew by 17.34%, while vegetable exports saw a surge of 42.79%. The data indicates that 782,155 metric tons of fruits, valued at $265.655 million, and 906,836 metric tons of vegetables, valued at $94.896 million, were exported.
Tobacco exports experienced a rise of 19.99%, and spice exports grew by 19.90%. A total of 16,968 metric tons of tobacco, worth $61.576 million, and 29,011 metric tons of spices, valued at $87.297 million, were exported.
Oil seed and nuts exports saw a substantial surge of 131.60%, whereas sugar exports witnessed a decline of 74.63% compared to the same period last year.
The export of meat and meat products generated $386.928 million for the country from the export of approximately 93,508 metric tons, reflecting a growth rate of 28.24%.
Year-on-year, food group exports have also increased by 16.35%, rising from $588.759 million in March 2023 to $685.025 million in March 2024.
However, textile exports have slightly declined month-on-month, experiencing a decrease of 2.36% from $701.565 million in February 2024.
These figures demonstrate the significant growth and success of Pakistan’s food exports, particularly in the rice industry. With a diverse range of food commodities being exported, including fruits, vegetables, tobacco, spices, and meat products, Pakistan is making its mark in the global market.
For more information about rice exporters from Pakistan, please visit [https://www.hasrice.com](https://www.hasrice.com) and [https://www.pakistanrice.com](https://www.pakistanrice.com).
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