According to the Pakistan Bureau of Statistics (PBS), the country’s imports of tea rose by 5.53% in the first half of current fiscal year compared to the previous one.
The country’s tea imports climbed by 5.53 percent to $336.423 million during the current fiscal year, which runs from July to December (2023–24), compared to $318.798 million during the same time in the previous fiscal year, 2023–2024, according to official statistics.
According to the data, the amount of imports rose by 9.12% to 139,751 metric tonnes in the current fiscal year from 128,068 metric tonnes in the previous one.
Comparatively speaking, tea imports fell 16.80% year over year to $58.869 million from $70.759 million in December of the previous year, but they rose 9.81% from $53.608 million in November to $58.869 million in December of 2023.
The country’s total food group imports decreased by 19.48% in the first half of the current fiscal year, according to PBS statistics. Food imports totaled $3,957.188 billion from July to December of 2023–2024, down from $4,914.278 billion in the previous year.
It is noteworthy to add that, in comparison to the same period last year, the country’s total trade deficit has shrunk by 34.29% in the first half of the current fiscal year, as per the study.
Following the decrease, it was noted at $11.148 billion, compared to $16.965 billion from July to December of 2022–2023.
According to the most recent PBS statistics, exports climbed by 5.17% to $14.981 billion during the reviewed period compared to $14.244 billion during the same time previous year.
In contrast, imports dropped by 16.28% to $26.129 billion from $31.209 billion in the previous year, according to the data.
