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Home Business & Stock

Pakistan’s seafood exports show strong growth in first 4 months of fiscal year

MM News Staff by MM News Staff
November 27, 2024
Reading Time: 1 min read

Pakistan generated $116.115 million by exporting 54,539 metric tons of fish and fish products in the first four months of the fiscal year 2024-25, as reported by the Pakistan Bureau of Statistics (PBS).

This reflects a 6.33% decline compared to the $123.965 million earned during the same period in fiscal year 2023-24. The quantity of fish and fish product exports also dropped marginally by 0.04%, from 54,562 metric tons in the previous fiscal year.

On a year-on-year basis, seafood exports surged by 12.78% in October 2024, reaching $46.009 million, compared to $40.797 million in October 2023. The export volume also saw a significant increase of 27.93%, rising from 16,724 metric tons in October 2023 to 21,395 metric tons in October 2024.

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Month-on-month, seafood exports rose by 31.45% in October 2024, up from $35.000 million in September 2024. Export volumes similarly grew by 35.57%, climbing from 15,781 metric tons in September to 21,395 metric tons in October 2024.

Notably, overall food exports from Pakistan increased by 21.73% during the first four months of fiscal year 2024-25. Total food exports from July to October 2024-25 were valued at $2,365.114 million, compared to $1,942.915 million during the same period in 2023-24, according to PBS data.

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