Pakistan’s Rice Exports up by 80.13% to $3.282bn in 10 Months

Rice exports from the country grew by 80.13 per cent during the first 10 months of the current financial year to reach $3.282 billion against the exports of the corresponding period of last year, reported by the Pakistan Bureau of Statistics (PBS) on Monday.

According to the data released by PBS, over 5.097 million metric tons of rice worth $3.282 billion were exported during the period from July-April, 2023-24, as compared to the exports of 3.270 million metric tons valued at $1.822 million during the same period in the previous year.

Meanwhile, the exports of Basmati Rice went up by 34.01 percent as 612,086 metric tons of Basmati Rice worth $699.208 million were exported against the exports of 486,998 metric tons valued at $521.751 million in the same period in the previous year.

In addition, over 4.474 million metric tons of rice of other varieties worth $2.583 billion were also exported during the last 10 months as compared to the exports of 2.783 million metric tons valued at $1.300 billion in the previous period, the data added.

During the last 10 months, the exports of the food group registered over 45 percent growth as food commodities valued at $6.228 billion were exported as compared to the exports of $4.277 billion in the same period in 2022-23.

Similarly, the imports of food goods into the country during the under-reviewed period witnessed a fall of 12.18 percent as it was recorded at $6.817 billion against the imports of $7.762 billion in the correspondent period last year.

On month on month (m-o-m) basis, the imports of food commodities went up by 22.82 percent as food commodities worth 527.026 million were imported in April 2024 against the imports of $429.114 million of the same month last year.

Tags: exports, rice, Basmati rice, Pakistan, imports