ISLAMABAD: Pakistan’s rice exports during the first eight months of the current financial year grew by 85.83% as compared to the exports of the same period last year.

During the period from July-February 2023-24, more than 3.932 million metric tons of rice valued at 2.517 billion dollars were exported as against the exports of 2.546 million metric tons worth 1.354 billion dollars of the same period of last year, according to the data of the Pakistan Bureau of Statistics.

In the last eight months, the exports of Basmati Rice grew by 38.43% as over 472,135 metric tons of the above-mentioned commodity worth 539.428 million dollars were exported as compared to the exports of 366,210 metric tons of 386.882 million dollars in the same period of last year.

Meanwhile, Pakistan earned 2.180 billion dollars by exporting about 3.460 million metric tons of rice of other varieties, which was recorded at 2.180 million metric tons valued at 967.872 million dollars in the same period of last year.

On month on month (MoM) basis, the rice exports grew by 48.18% as 609,295 metric tons of rice worth 402.043 million dollars were exported in February 2024 as compared to the exports of 564,206 million tons valued at 271.312 million dollars in the same month of last year.

The food group exports from Pakistan during the first eight months of the current financial year grew by 54.05% as compared to the exports of the same period of last year.

During the period from July-February, 2023-24, different food commodities worth 4.969 billion dollars were exported as compared to the exports of 3.225 billion in the corresponding period of the previous year.

The exports of food goods during the month of February 2024 grew by 35.38% as different food commodities worth 702.469 million dollars were exported as compared to the exports of 518.871 million dollars in the same month of the last year.

Pakistan’s Imports

Meanwhile, the imports of food commodities into Pakistan during the first eight months of the current financial year decreased by 18.33% as against the imports of the corresponding period of last year. The imports of food commodities during the period under review came down from 6.687 billion dollars to 5.461 billion dollars.

On a month-on-month basis, the food group imports grew by 5.12% in February 2024 growth as food goods valued at 739.819 million dollars were imported as compared to the imports of 703.722 million of the corresponding months of last year.

Published Date: March 19, 2024