November 28, 2012

Pakistan's Jan-Apr fish exports up 1.61% on-year

During January-April 2012, Pakistan's exports of fish and fish preparations increased by 1.61% as compared to the same period of last year.

The exports of fish and fish preparations during July-October (2012-13) stood at US$98.697 million against the exports of US$97.131 million during July- October (2011-12), according to the data of Pakistan Bureau of Statistics (PBS).

In terms of quantity, the seafood exports increased by 14.36%, up from 37,592 tonnes last year to 42,990 tonnes during the current fiscal year. During the month of October 2012, the seafood exports increased by 12.38% when compared to the exports of September 2012, however decreased by 7.10% when compared to the exports of October 2011.

The fish exports during October 2012 stood at US$35.333 million against the exports of US$31,442 in September 2012 and US$38,035 in September 2011, the PBS data revealed.

The overall food exports from the country witnessed negative growth of 7.59% during July-October (2012-13). The overall food exports during the first four months of the current fiscal year stood at US$1.197 billion against the exports of US$1.295 billion during the corresponding period of last year.

It is pertinent to mention that the country's overall trade deficit decreased by 6.79%, with exports witnessing growth of 4.98% and imports decreasing by 0.54% during the first four months of the current fiscal year (2012-13), showing a positive development in trade balance.

The overall exports from the country increased from US$7.814 billion in July-October (2011-12) to US$8.203 billion during July-October (2012-13).

The imports during the period under review were recorded at US$14.643 billion against those of US$14.723 billion during last year, showing negative growth of 0.54%, the data revealed.

Based on the figures, the overall trade deficit during the period was recorded at US$6.440 billion against that of US$6.909 billion last year, showing a negative growth of 6.79%.