Exports: Seafood worth $161.8m in 5MFY24

Business Dec, 28 2023
Exports: Seafood worth $161.8m in 5MFY24
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ISLAMABAD: Pakistan earned $ 161.896 million by exporting 72,515 metric tonnes of fish and fish preparations during first five months of current fiscal year, Pakistan Bureau of Statistics (PBS) reported.

AS compared to exports of $ 185.802 million during July-November (2022-23), fish exports during July-November (2023-23) witnessed declined of 12.87 percent, according to PBS data.

In terms of quantity, exports of fish and fish preparations however increased by 1.54 percent during first five months when compared to exports of 71,415 metric tonnes during last fiscal year. On year-on-year basis, seafood exports decreased by 25.75 percent to $ 38.035 million in November 2023 as compared to exports of $ 51.224 million in November 2022. In terms of quantity, exports witnessed 12.07 percent decrease by going down from 20,542 metric tonnes last year to 18,064 metric tonnes this year. On month-on-month basis, seafood exports declined by 6.77 percent when compared to exports of $ 40.797 million in October, according to PBS data. In terms of quantity, fish exports increased by 8.5 percent in November compared to exports of 16,648 metric tonnes in October. Overall food group exports from Pakistan increased by 37.12 percent during first five months of current fiscal year as compared to corresponding period of last year. Food exports during July-November (2023-24) were recorded at $ 2,640.905 million as compared to exports of $ 1,925.969 million in July-November (2022-23), surge of 37.12 percent, according to latest PBS data.

Published in The Daily National Courier, December, 28 2023

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