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Exports of spices increase 9.58% to $84.022m in one year

Exports of spices increase 9.58% to $84.022m in one year

ISLAMABAD: The exports of spices from the country increased by 9.58 percent during the fiscal year 2016-17 compared to exports of the last year.

Pakistan exported spices worth $84.022 million during the compared to the exports of $76.677 million in 2015-16, according to the data of Pakistan Bureau of Statistics (PBS).  In terms of quantity, Pakistan exported 22,927 metric tons of spices during the period under review against the exports of 19,746 million during last year, showing an increase of 16.11 percent.  It is pertinent to mention here that the overall food exports from the country during the fiscal year (2016-17) decreased by 6.94 percent when compared to the last year.

The overall food exports from the country were recorded at $3,712 million in July-June (2016-17) compared to the exports of $3,989 million in July-June (2015-16), the PBS data revealed.  Meanwhile, on year-on-year basis, the exports of spices increased by 75.30 percent during the month of June 2017 compared to the same month of last year.

The spices exports during June 2017 were recorded at $7.913 million compared to the exports of $4,514 million recorded during June 2016.

On month-on-month basis, the exports of spices increased by 5.58 percent in June 2017 when compared to the exports of $7,495 million in May 2017, according to the data.

The overall exports from the country during the fiscal year 2016-17 witnessed decline of 1.63 percent when compared to fiscal year 2015-16.

The exports from the country in FY2016-17 were recorded at $53,026 million compared to the exports of $44,685 million last year, according to PBS data.