Food exports surges by 32% YoY in Sept’21

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