Vegetable exports decrease 3.21% in 9 months:SBP

ISLAMABAD:The exports of vegetables products from the country witnessed a decrease of 3.21 percent during first nine months of current fiscal year 2020-21 as compared to the exports of corresponding period of last year.

Pakistan exported vegetables products worth $ 2425.339 million during July-March (2020-21) against the exports of $ 2505.905 million during July-March (2019-20), showing negative growth of 3.21 percent, according to the data issued by the State Bank of Pakistan (SBP).

The food commodities that contributed in positive growth of vegetable exports included edible fruits and nuts, export of which grew from $338.190 million last year to $357.889 million during the fiscal year under review, showing increase of 5.82 percent.

During the fiscal year 2020-21, the exports of coffee, tea, mate and spices also increased by 14.07 percent, from $83.058 million to $94.752 million While the export of oil seeds and oleaginous also rose by 49.63 percent from $71.398 million to $106.834 million.

On the other hand, the commodities that contributed in negative growth included cereals, export of which declined from $1702.640 million last year to $1633.711 million during this year, showing negative growth of 4.04 percent.

During the period under review, the exports of edible vegetable decreased by 25.02 percent from $241.419 million to $180.994 million while the export of milling industry product also declined by 51 percent from $34.058 million to $ 16.686 million, the data added.

The exports of vegetable planting materials decreased by 40.69 percent from $6.843 million to $4.058 million.