Pakistan has witnessed a 22 per cent year-on-year increase in food exports during the first four months of the fiscal year, according to a report by the Pakistan Bureau of Statistics (PBS) on Saturday.
According to details, from July to October, the food exports reached a total value of $2.36 billion, up $420 million compared to the same period last year.
The surge is primarily driven by rice, sugar, and vegetable exports, marking consistent growth for the fourth consecutive month.
– Rice Exports –
Pakistan’s rice exports surged by an impressive 52.53%, exceeding $1 billion during the four-month period. This includes $330 million worth of premium-quality Basmati rice, reflecting increased international demand.
– Sugar Exports –
Sugar exports soared by a staggering 413%, generating $108.2 million in revenue.
– Vegetables and Fruits –
Vegetable exports grew by 37% to $91.1 million, while fruit exports rose by 7%, reaching $116.6 million.
– Meat and Meat Products –
Meat exports recorded a modest 5% increase, totaling over $160 million.
However, the report noted declines in the exports of fish, pulses, spices, oilseeds, and dry fruits.
In October 2024, the food exports reached $748.4 million, reflecting a 12.77% year-on-year growth. The consistent rise in exports highlights the growing demand for Pakistani agricultural products globally.
This growth is expected to boost Pakistan's economy by diversifying its export portfolio and capitalising on its agricultural strengths.
