Pakistan’s food exports witnessed a significant boost in the first month of the fiscal year 2024, with a remarkable 45% increase.
According to the Pakistan Bureau of Statistics, food items worth over $475.7 million (approximately Rs132.44 billion) were exported in July, marking a record rise in the sector.
Rice, including the Basmati type, led the growth with a staggering 135% increase in exports, contributing $205.7 million in earnings. This surge highlights the rising global demand for Pakistani rice.
Another major contributor to the export growth was sugar, which saw a phenomenal 590% increase in exports, generating $23.9 million in revenue. The significant rise in sugar exports reflects Pakistan’s expanding footprint in international markets.
The export of vegetables also doubled, with a 100% increase, bringing in $28.8 million in revenue. Additionally, fruit exports saw a modest 13% rise, with total earnings exceeding $40 million.
Other notable increases were observed in oilseeds and nuts, which saw a 94% rise in exports, and the meat industry, which grew by nearly 6%, generating $36.8 million in revenue.
However, the Pakistan Bureau of Statistics reported declines in the exports of certain sectors, including tobacco, fish, and spices, which saw a dip in earnings. These figures represent a positive outlook for Pakistan’s agricultural sector, which continues to play a crucial role in the country’s export economy.
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