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Food group imports decrease 19.48% in 06 months of FY 2023-24

by News Desk
January 26, 2024
in Business
Food group imports decrease 19.48% in 06 months of FY 2023-24

ISLAMABAD: Food group imports into the country declined by 19.48 percent in the first half of the current fiscal year as compared to the same period previous year.

According to data from the Pakistan Bureau of Statistics, different food goods costing $3.957 billion were imported between July and December 2023, compared to $4.914 billion in the same period the previous year.

During the period under review, the imports of the commodities that went down included milk cream, milk for infants at 25.93% was recorded at $60.298 million as compared to imports of $81.404 million, wheat unmilled by 34.84 percent and reached $39.126 million as compared to imports of $609.434 million.

Meanwhile, soybean imports fell by 41.20 percent, from $155.20 million to $91.147 million in the last three quarters of the current fiscal year, compared to imports during the same period previous year.

Palm oil imports also decreased during the period under review, falling from $2.082 billion in the first six months of the previous fiscal year to $1.388 billion in the same period of the current fiscal year.

Furthermore, sugar imports into the country declined by 49.43 percent, totaling $1.693 million, compared to $3.347 million in the same time previous year.

Tags: agricultureEconomic Trendsfiscal yearFood ImportsImport DataImport DeclineMilk ImportsPakistan Bureau of statisticsPakistan EconomyPalm Oil ImportsSoybean ImportsSugar ImportstradeWheat Imports
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