Food exports down by 1.41%, rice exports up 14.5% in July-May 2014

ISLAMABAD: Although the rice exports form the country increased by 14.5 percent, the overall food exports from the country witnessed negative growth of 1.41 percent during July to May fiscal year 2013-14 compared to the corresponding period of last year.
The over all food exports from the country during July-May 2013-14 were recorded at $4.295 billion compared to the exports of $4.357 billion in July-May 2012-13, according to the data of Pakistan Bureau of Statistics (PBS).
The food products contributed in negative growth in trade included vegetables, exports of which dropped by 14.03 percent from $234.320 last year to $201.455 in 2013-14 while the exports of leguminous vegetables (pulses) decreased from $4.463 million to $2.820 million, showing fall of 36.81 percent.
Exports of tobacco decreased by 13.50 percent by declining from $22.909 percent to $19.817 percent while the exports of wheat decreased by 86.79 by going down from $53.436 million to $7.058 million.
Spices and sugar exports from the country also witnessed decrease of 16.16 percent and 46.12 percent respectively as the exports of spices declined from $61.202 million to $51.312 million while the sugar exports decreased from $474.768 million to $255.800 million.
Meanwhile the food products witnessed positive growth in trade including rice, exports of which increased from $1.758 million to $2.013 million, showing an increase of 14.50 percent. Among the rice varieties, the exports of basmati increased by 12.29 percent whereas the exports of other rice commodities expanded by 15.64 percent.
The exports of fish and fish preparations increased by 15.25 percent by going up from $291.301 to $335.732 million whereas the exports of fruits increased by 16.84 percent from $357.748 million to $417.997 million.
The oil seeds, nuts and kernals exports from the country increased by 136.72 percent from $33.535 million to $79.383 million whereas the exports of meat and meat preparations increased by 10.24 percent from $194.032 million to $213.893 million.
The exports of all other food commodities witnessed negative growth of 19.98 percent by falling from $871.070 last year to $697.054 million in 2013-14.
Country’s overall trade deficit narrowed by 5.66 percent during first 11 months of current fiscal year as exports expanded by 3.71 percent while imports witnessing negative growth of 0.57 percent as compared to the same period of last year.
On year-on-year basis, the trade deficit witnessed sharp decrease by 27.60 percent in May 2014 when compared to the deficit of the same month of last year.
According to break up figures, the exports from the country during July-May 2013-14 were recorded at $23.112 billion against the exports of $22.286 billion recorded during July-May 2012-13.
On the other hand, the imports into the country during the period under review were recorded at $40.777 billion against the imports of $41.011 billion during the corresponding period of last year.
Meanwhile, on year-on-year basis the seafood exports from the country increased by 18.24 percent by going up from $35.520 million last year to $42 million in 2013-14.
On month-on-month basis, the exports of seafood increased by 7.64 percent in May 2014 compared to the exports of $39.018 million during the April 2014, the data revealed. 

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