Vegetable exports increase 6.01% in 8 months: SBP
ISLAMABAD: The exports of vegetable products from the country witnessed an increase of 6.01 percent during the first eight months of the current financial year 2019-20 as compared to the corresponding month of the last year.
Pakistan exported vegetables products worth US $ 2203.056 million during July-February (2019-20) against the exports of US $ 2207.984 million during July-February (2018-19), showing growth of 6.01 percent, according to the data issued by the State Bank of Pakistan (SBP).
The food commodities that contributed in positive growth of vegetable exports included edible vegetables, export of which grew from $144.530 million last year to $204.962 million during the current fiscal year, showing increase of 41.81 percent.
The exports of cereals increased by 11.47 percent, from $1346.655 million to $1501.161 million whereas the exports of vegetable planting materials also increased by 45.96 percent, from $4.216 million to $6.154 million, the data revealed.
On the other hand, the commodities that contributed in negative growth included coffee, tea, Mate and spices, export of which declined from $88.313 million last year to $72.913 million during the current fiscal year, showing negative growth of 17.43 percent.
During the month under review, the exports of oil seeds and oleaginous fruits decreased by 21.29 percent from $84.378 million to $66.408 million while the export of milling industry product also declined by 61.92 percent from $84.108 million to $32.028 million, the data added. – APP