Export of spices increases upto 15%

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ISLAMABAD: The exports of spices from the country witness increase of 15.02 percent during the fiscal year 2015-16 compared to the exports of the same period of last year, says Pakistan Bureau of Statistics (PBS).

According to Pakistan Bureau of Statistics (PBS), the overall exports of spices from the country were recorded at $76.160 million during July-June (2015-16), compared to the exports of $66.216 million in July-June (2014-15).

The exports, in terms of quantity, increased by 8.29 percent by going up from 6,713 metric tonnes to 20,281 metric tonnes.

However, the export of spices, on year-on-year basis, decreased by 28.62 percent in June this year, compared to the exports of June 2015, the PBS data revealed.

According to the data, the total exports of spices, in June this year, were recorded at $4.551 million compared to the exports of $6.276 million in June 2015. The exports of spices also witnessed decrease of 36.98 percent in June this year, compared to the exports of $7.222 million in May this year, it said.

The overall food exports from the country during the (Fiscal Year) FY2016 decreased by 12.56 percent compared to FY2015. The food exports during FY16 were recorded at $3.990 billion compared to the exports of $4.563 billion in FY2015, it added.

It is pertinent to mention here that the overall mercantile exports from the country declined by 12.11 percent during the year 2015-16, as compared to the same period of previous year.

The exports of country went down from $23.667 billion in July-June (2014-15) to $20.802 billion during corresponding period of the year 2015-16.

Source: AFP

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