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Home Business & Stock

Spices export product soars 8.20 percent in 8 months

MM News Staff by MM News Staff
April 5, 2021
Reading Time: 2 mins read

ISLAMABAD: Pakistan Bureau of Statistics (PBS) has said that the export of spices from the country witnessed an increase of 8.20 percent during the eight months of the financial year 2020-21, against the export of the corresponding period of last year.

According to the latest data issued by the Pakistan Bureau of Statistics (PBS) on Monday, Pakistan exported spices worth $ 61.494 million during July-February (2020-21) against the exports of $ 56.836 million during July-February (2019-20),

The export of spices in terms of quantity also raised by 10.70 percent by going up from 15,226 metric tons to 13,754 metric tons, as per PBS.

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On a year-to-year basis, the export of spices also increased by 9.70 percent during the month of February 2021 when compared to the same month of 2020.

The exports of spices from the country during February 2021 were reported at $9.005 million against the export of $8.209 million in February 2020.

The PBS data revealed that the export of spices decreased by 18.34 percent on a month-on-month basis during February 2021 when compared to the export of $ 11.027 million in January 2021.

 

On the other hand, the overall exports from the country augmented by 7.12 percent during the first three quarters of the current fiscal year (2020-21) in a contrast to the corresponding period of last year, PBS reported on Monday.

The exports from the country during July-March (2020-21) were recorded at $18.685 billion against the exports of $17.443 billion during July-March (2019-20), according to the latest PBS data.

The imports during the period under review also increased by 13.57 percent by growing from $34.791 billion last year to $39.512 billion during the first three quarters of the current fiscal year.

Tags: MM News MM TVSpices export product soars 8.2 percent in 8 months
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