Food imports drop 9.85pc in 10 months

[Shahzaz ud din]

Food imports drop 9.85pc in 10 months
By
APP
-
May 20, 2019
0
265

ISLAMABAD: The country’s food imports dropped by 9.85pc to $4.7 billion in the first 10 months of the current fiscal year, as compared to the imports of $5.216 billion recorded during the same period of FY2017-18.

According to details, that import of palm oil witnessed a sharp decrease of 10.99pc during July-April 2018-19, as it went down to $1.54 billion from $1.73 billion in July-April 2017-18.

Similarly, import of pulses also fell to $432.54 million in the corresponding period of the current fiscal year, as against the import worth of $442.7 million in the same period of last year, showing a decrease of 2.3pc.

According to trade data released by the Pakistan Bureau of Statistics (PBS) on Monday, the tea import recorded a nominal increase of 0.61pc, as the country imported $495.957 million worth of tea during the first 10 months of the current fiscal year as compared to the import of $492.966 million in the corresponding period of last year.

The import of milk, cream and milk food also witnessed a decline of 10pc to $199 million from $221.26 million in the same period of last year, whereas the import of dry fruits and nuts also plunged to $37.89 million in July-April 2018-19 against the import worth of $97.1 million in the same period of the preceding year.

Spices’ import during the period under review stood at $129.3 million, as against $136.8 million worth of import during the same period of last year, showing a decrease of 5.5pc.

Likewise, the import of soybean oil also declined sharply by 34.3pc to $79.12 million from $120.4 million, while the import of sugar decreased by 25.46pc to $3.24 million as compared to the import worth of $4.35 million in July-April 2017-18.

The import of other miscellaneous food commodities went down by 9.41pc to $1.786 billion in the first 10 months of the current fiscal year as compared to the import of $1.97 billion in the same period of last year.

On a yearly basis, the import of food commodities and products dropped to $441.088 million in April 2019 as compared to $485.86 million in the same month last year, showing a decrease of 9.22pc. On a monthly basis, imports grew by 12.3pc as they were recorded at $392.824 million.

 

[313ghazi]

Good news. These are all small positive steps, i fear they might be too small, but that is another matter.

 

[Shahzaz ud din]

I cannot figure out how Pakistan being an agriculture country still importing !!!

Pulses ------------- $432.54
Milk products-------$199 million
Dry fruits ---------- $37.89 million
Spices’------------- $129.3 million,
Soybean oil---------$79.12 million
Sugar-------------- $3.24 million

 

[The Accountant]

We strongly need to work on green house where we can grow every type of crop including palm oil tree

with cheap availability of solar energy green house maintenance is really cheap

 

[Mamadouso]

Pulses & Tea are shocking imports for agricultural Pakistan. Tea is difficult to replicate so people should try and swap to other tea such as Nettle, Chamomile teas - I am sure that can be grown as it is just a weed in many countries. Pulses can be cultivated by government credits etc

 

[Shahzaz ud din]

Textile exports fall 0.02 pc to $11.129 bln in 10 months
By
admin
-
May 20, 2019

May 20, 2019: The textile exports from the country witnessed nominal decrease of 0.02 percent during the first ten months of the current fiscal year compared to the exports of the same period of last year.

The textile exports from the country during July-April (2018-19) were recorded at $11129.192 million compared to the exports of $11131.612 million of the same period of last year, according to the latest data of Pakistan Bureau of Statistics (PBS).

The textile commodities that contributed in positively in external trade included knitwear, exports of which grew from $2203.500 million last year to $2396.474 million during the current fiscal year, showing growth of 8.76 percent.

The exports of bedwear also increased by 2.4 percent, from $1855.540 million to $1900.035 million whereas the exports of tents, canvas and tarpaulin increased by1.41 percent, from $72.021 million to $73.037 million.

The exports of readymade garments grew by 3.21 percent, from $2119.943 million to $2188.007 million and the exports of made-up articles increased by 1.15 percent, from $571.392 million last year to $577.985 million, the data revealed.

Meanwhile, the textile commodities that witnessed negative growth in external trade included raw cotton, exports of which shrunk by 67.2 percent, from $56.567 million last year to $18.554 million.

The exports of cotton yarn also decreased from $1117.643 million to $941.332 million, a decline of 15.78 percent whereas the exports of cotton cloth slid by 2.7 percent, from $1823.625 million to $1774.434 million.

Similarly, the exports of yearn (other than cotton yarn) decreased by 0.29 percent, from $26.388 million to $26.311 million while the exports of towels decreased from $667.937 million to $658.624 million, a decline of 1.39 percent.

The exports of art, silk, synthetic textile also slid by 1.9 percent, from $253.900 million to $249.075 million whereas the exports of all other textile materials decreased by 10.46 percent, from $363.151 million to $325.166 million.

On year-on-year basis, the textile exports from the country witnessed growth of 21.26 percent in April 2019 compared to the exports of April 2018. The textile exports during April 2019 were recorded at $1138.827million compared to the exports of $1148.588 million, the data revealed.

On month-on-month basis, the textile exports from the country, decreased by 4.59 percent in April 2019 when compared to the exports of $1088.870 million recorded during March 2019.

It is pertinent to mention here that the country's merchandize trade deficit plunged by 12.82 percent during the first ten months of the current fiscal year compared to the corresponding period of last year.

The trade deficit contracted by $3.867 billion to $26.302 billion during July-April (2018-19) against the deficit of $30.169 billion recorded during July-April (2017-18).

The exports during the period under review witnessed nominal decrease of 0.12% by falling from $19.191 billion during last year to $19.169 billion during the ongoing fiscal year.

On the other hand, the imports declined by 7.88% to $45.471 billion during the period under review from $49.360 billion last year, the data revealed.

(APP)

Posted on: 2019-05-20T15:14:00+05:00
28062

Exports from Pakistan rise by 20.3% in April, YoY
By
admin
-
May 20, 2019

May 20, 2019 (MLN): According to the provisional figures compiled by the Pakistan Bureau of Statistics, exports from Pakistan during the month of April-19 amounted to Rs. 295,541 million as against Rs. 275,384 million in March-19 (up, 7.32%) and Rs. 245,478 million during April-18 (up, 20.39%).

In terms of US dollars, the exports in April-19 were $2,094 million as compared to $1,979 million in March-19 (up, 5.81%) and $2,127 million in April-18 (down, 1.54%).

Exports during July-April, 2018-2019 totaled Rs. 2,559,863 million as against Rs. 2,084,351 million during the corresponding period of last year, showing an increase of 22.81%. In terms of US dollars the exports for the same period totaled $19,169 million against $19,191 million during the corresponding period of last year, showing a decrease of 0.12%.

Main commodities of exports during April-19 were Knitwear (Rs. 34,170 million), Readymade garments (Rs. 32,658 million), Bed wear (Rs. 25,527 million), Cotton cloth (Rs. 25,208 million), Rice others (Rs. 20,288 million), Cotton yarn (Rs. 14,909 million), Rice Basmati (Rs. 10,248 million), Towels (Rs. 9,977 million), Made-up articles (excl. towels & bed wear) (Rs. 8,112 million) and Fish & Fish preparations (Rs. 7,706 million).

Copyright Mettis Link News

Posted on: 2019-05-20T14:39:00+05:00
28059

 

[maithil]

Is this because Purchasing power of people has decreased?

 

[Shahzaz ud din]

Medicinal imports rise 3.54pc to $929m
By
APP
-
May 20, 2019
0
59

ISLAMABAD: Pakistan has imported medicinal products worth $929.355 million during the first ten months of the current fiscal year, showing a growth of 3.54pc, as compared to the import of $897.564 million during the corresponding period of last year.

According to the Pakistan Bureau of Statistics (PBS) on Monday, Pakistan imported 19,183 metric tonnes of medicinal products during July-April 2018-2019, as compared to the imports of 18,441 metric tonnes during July-April 2017-2018, an increase of 4.02pc in term of quantity.

On a year-on-year basis, the imports of medicines witnessed a negative growth of 19.41pc in April 2019, as compared to the imports of April 22018. The medicinal imports during April 2019 were recorded at $102.009 million as against the imports of $126.570 million in April 2018.

Meanwhile, on a month-on-month basis, the imports of medicinal products witnessed a growth of 21.45pc during April 2019, as compared to the imports of $83.993 million in March 2018.

It is pertinent to mention that the country’s merchandise trade deficit plunged by 12.82pc during the first ten months of the current fiscal year as compared to the corresponding period of last year.

The trade deficit contracted by $3.867 billion to $26.302 billion during July-April 2018-19, as against the deficit of $30.169 billion recorded during July-April 2017-18.

The exports during the period under review witnessed a nominal decrease of 0.12pc, as it fell from $19.191 billion last year to $19.169 billion during the ongoing fiscal year.

On the other hand, the imports declined by 7.88pc to $45.471 billion during the period under review from $49.360 billion last year.

Is this because Purchasing power of people has decreased?

Due to manifold increases in import duties .Imported products has become expensive as compared to locally available products.

 

[WarKa DaNG]

Why are we importing dryfruits, milkproducts, spices cant it be grown

 

[Rafael]

Meanwhile, the textile commodities that witnessed negative growth in external trade included raw cotton, exports of which shrunk by 67.2 percent, from $56.567 million last year to $18.554 million.

The exports of cotton yarn also decreased from $1117.643 million to $941.332 million, a decline of 15.78 percent whereas the exports of cotton cloth slid by 2.7 percent, from $1823.625 million to $1774.434 million.

Similarly, the exports of yearn (other than cotton yarn) decreased by 0.29 percent, from $26.388 million to $26.311 million while the exports of towels decreased from $667.937 million to $658.624 million, a decline of 1.39 percent

=======================

This is actually positive news. We should not be exporting raw cotton and yarns. These should be used for our local value added export industry.