Food group import decreases 10.41% in May

Food group imports into the country during month of May, 2018 decreased by 10.41 percent as compared the corresponding month of last year.

According to the data of Pakistan Bureau of Statistics, the imports of the food commodities into the country was recorded at 556.830 million dollars in month of May, 2017.

During the month under review imports of dry fruits and nuts reduced by 92.17 percent and tea by 19.88 percent.

Meanwhile, about 11,370 metric tons of tea worth US$ 31.38 million were imported to fulfill the domestic requirements.

However, the imports of food commodities in to the country during last eleven months of current financial year witnessed nominal increase of 1.09 percent as compared the same period of last year.

During the period from July-May, 2017-18, food commodities worth 5.717 billion dollars were imported as compared the import of US$ 5.566 billion of corresponding period last year.

Exports of food commodities during month of May increased by 44.46 percent as compared the exports of same month of last year as the country earned US$ 508.780 million dollars exporting different food products from the country.