Food exports surges by 32% YoY in Sept’21

News Image

By MG News | October 18, 2021 at 03:21 PM GMT+05:00

0:00

October 18, 2021 (MLN): The trade value of food exports from the country in September’21 stood at around $359.33million, showing a strong surge of 32% YoY from $272.16mn in September’20.

On a sequential basis, the export volume of this group moved up by 10.8% compared to the same period last year.

The overall contribution of this group remained around 15% of the total exports during September’21, as per the latest data revealed by the Pakistan Bureau of Statistics (PBS).

Commodity-wise, Rice remained to be the major source of foreign exchange earnings during the month as the volume of its exports valued at $142.93mn, increased by 27.41% YoY. However, on a mom basis, the same product witnessed a meager increase in the export volume, up by only 1.75%.

The export of fish & fish preparations surged by 3x MoM, stood at $32.01mn, whereas, on yearly basis, the export volume has dropped by 14.70%.

Meanwhile, the export volume of meat and meat preparations clocked in at $28.73mn, jumped by 20.72% YoY while, on MoM basis, the export volume of similar products expanded by 12.77%.

Vegetable exports went through a bleak phase during the month as the export volume of vegetables plummeted by 40.53% MoM while, on a YoY basis, the export volume of the same commodity fell by 41.44% to stand at 12.4mn. On the contrary, the exports of fruits increased by 19.95% YoY, whereas on MoM basis, the exports volume has plunged by 30.82% compared to the same period last year.

 On the import side, the total import bill of the food group amounted to $890.75mn, depicting a surge of 21.77% on a YoY basis against September’20.

Collectively, the group accounted for almost 13.5% of the total imports during September’21.

As per the data, the import bill of Wheat is clocked in at Rs82.91mn, dipped by 10.15% YoY compared to September’20. However, on the monthly basis, the import bill of wheat inflated by 5x.

The data further revealed that import of Palm Oil valued at $314.13mn, showcasing an increase of 38.82% YoY, whereas, on MoM basis, the import bill of palm oil has dropped by 2.75%.

Moreover, the import bill of milk, cream, and milk food for infants positioned at $13.29mn, during the said period, plunged by 9.25% YoY. However, on the monthly basis the import bill of milk inflated by 37.38.

The import bill of tea decreased by 11.10% YoY and 22.54% MoM to stand at $48mn.  

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 132,767.21
101.61M
-0.48%
-635.98
ALLSHR 83,062.69
571.19M
-0.15%
-125.37
KSE30 40,401.04
36.11M
-0.62%
-250.42
KMI30 191,068.36
40.91M
-0.53%
-1015.55
KMIALLSHR 55,751.01
291.22M
-0.17%
-96.68
BKTi 36,242.23
6.37M
-0.50%
-180.64
OGTi 28,271.81
7.33M
-0.58%
-165.80
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,155.00 109,545.00
108,625.00
-60.00
-0.05%
BRENT CRUDE 70.14 70.18
69.85
-0.01
-0.01%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.05
2.15%
ROTTERDAM COAL MONTHLY 106.65 106.65
106.25
0.50
0.47%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.31 68.34
67.78
-0.02
-0.03%
SUGAR #11 WORLD 16.15 16.37
16.10
-0.13
-0.80%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg