Food group: Exports down by 23% MoM, imports dip by 19% MoM in March’20

MG News | April 20, 2020 at 02:09 PM GMT+05:00
March 20, 2020 (MLN): The exports of the food group witnessed a decrease of 14.65% YoY and 23% MoM to stand at $362 billion in the month of March 2020. While the imports of the food group into the country were recorded at $406 million i.e. around 3.58% YoY higher as compared to the same period of last year whereas 19% MoM lower when compared to the previous month.
According to the latest data issued by the Pakistan Bureau of Statistics on export receipts by commodities, the food group contributed 19.46% of the total exports during 9MFY20 which clocked in at $3.39 billion, showing an increase of 1.43% YoY when compared to the same period last year.
The food group accounted for 11.38% of the total imports during Jul-March FY20 as per the data released by the Pakistan Bureau of Statistics, showing a decline of 7% YoY to clock in at $3.96 billion.
On the export side, Rice and Fish & Fish Preparations and fruits were the major sources of Foreign exchange earnings as their exports valued at $1.59 billion, $317 million and $379 million, depicting a growth of 7.13%, 8% YoY and 2.8% YoY respectively during 9MFY20 where the major growth of foreign earnings was recorded in Basmati rice, up by 33% YoY.
On the import side, the data from the Pakistan Bureau of Statistics revealed that imports of milk and dairy products shrank by 32% YoY, amounted to 49,802 metric tons, valued at $125 million during 9MFY20.
During 9MFY20, Pakistan imported 2,276,994 metric tons of palm oil, worth a total of $1.38 billion, depicting a meagre decline of 0.42% YoY when compared with the same period of last fiscal year.
A sharp decline was seen in tea imports. It dropped by around 15% YoY to stand at $376 million during 9MFY20 when compared to the same period of FY19.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 136,502.54 259.91M |
1.64% 2202.77 |
ALLSHR | 85,079.90 838.35M |
1.26% 1061.74 |
KSE30 | 41,552.62 97.27M |
1.81% 738.33 |
KMI30 | 193,330.76 84.69M |
0.39% 741.60 |
KMIALLSHR | 56,315.31 366.02M |
0.43% 243.06 |
BKTi | 38,498.08 37.91M |
4.13% 1526.33 |
OGTi | 28,138.38 5.66M |
-0.36% -101.89 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 120,570.00 | 123,615.00 118,675.00 |
2040.00 1.72% |
BRENT CRUDE | 69.05 | 71.53 69.05 |
-1.31 -1.86% |
RICHARDS BAY COAL MONTHLY | 97.50 | 0.00 0.00 |
0.25 0.26% |
ROTTERDAM COAL MONTHLY | 106.50 | 106.60 106.50 |
-2.20 -2.02% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
CRUDE OIL - WTI | 66.83 | 69.65 66.80 |
-1.62 -2.37% |
SUGAR #11 WORLD | 16.31 | 16.67 16.27 |
-0.26 -1.57% |
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 |
---|