pakistan sees a 30% increase in food exports in the first four months of the fiscal year
Published on: December 3, 2023.
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Pakistan’s Food Exports Show Significant Growth in Initial Four Months of Fiscal Year
Pakistan’s food exports have experienced a substantial boost in the first four months of the current fiscal year, with an impressive increase of 30%. Data from the Institute of Statistics reveals that the country exported food items worth $1.9447 billion from July to October.
Rice exports, in particular, saw a remarkable surge, surpassing $710 million and recording a growth rate of 30%. Fruit exports also witnessed a significant increase of 13.53%, reaching a value of $108.9 million. Additionally, spice exports experienced a notable rise of 24.56%, totaling $34.7 million.
One of the standout factors is the exceptional growth in the export of oilseeds and fruits, which skyrocketed by a staggering 292% to reach $306.8 million. Furthermore, sugar exports exhibited substantial growth, doubling in value to reach $2.1 million.
On the other hand, the meat export sector witnessed a healthy growth rate of 18.77%, amounting to $152.5 million. However, there was a decline in fish exports by 8%, and vegetable exports saw a significant decrease of 38%.
The report also highlights a 21% decline in tobacco exports from Pakistan during the July to October period. Despite this, the positive trends in food exports significantly contribute to Pakistan’s economic performance in the international market.
These impressive export figures reflect the strength and competitiveness of Pakistan’s food industry. With an abundance of high-quality products, including rice, fruits, and spices, Pakistan has established itself as a leading player in the global food market.
For more information on Pakistan’s rice exporters, visit [Source].
