Food Imports See Decline, While Dried Fruit and Spice Imports Rise
Urea Consumption Decreases by 3.9% from January to August
In the July-August period, Pakistan’s food imports declined by 18.15% compared to the same timeframe last year, while rice exports surged by nearly 100%. Fertilizer consumption also saw a downward trend during the first eight months of 2024.
As reported by the Bureau of Statistics, food imports totaled $1.066 billion in the past two months, down from $1.303 billion in the corresponding months of the previous fiscal year, marking an 18.15% decrease. However, imports of certain food items spiked, with dried fruit imports increasing by 88.24% and spice imports rising by 59.05%.
Rice exports, on the other hand, experienced a significant boost. The export of 430,045 tons of rice during this period generated $272.057 million in revenue, representing a 98.58% rise compared to the same period in the previous year.
Fertilizer usage from January to August also saw a decline. Urea consumption amounted to 4.2 million tons, which is 3.9% lower than the same period in 2023. Similarly, the consumption of DAP (diammonium phosphate) was 796,853 tons, showing an 11% drop from last year’s figures.
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