Tea imports up by 2.36% to $96.419mn in two months

ISLAMABAD: The tea imports into the country increased by 2.36 per cent during the first two months of the current fiscal year compared to the corresponding period of last year.

Pakistan imported tea worth $ 96.419 million during July-August 2017-18 compared to the imports of $ 94.194 million in July-August 2016-17, according to trade data of Pakistan Bureau of Statistics (PBS).

However, in terms of quantity, the tea imports declined by 12.75 per cent during the period under review. As much as 34,126 metric tons of tea was imported during the first two months of the current year compared to the imports of 39,115 metric tons during last year.

However, on a year-on-year basis, the tea imports into the country decreased by 3.07 per cent by going down from $ 52.098 million in July 2016 to $ 50.500 million in July 2017. On a month-on-month basis, the tea imports however increased by 9.98 per cent in July 2017 when compared to the imports of $ 45.919 million in July 2017, the data revealed.

It is pertinent to mention here that the overall food imports into the country increased by 27.18 per cent during the period under review. The overall food imports into the country during July-August 2017-18 were recorded at $ 1,123.187 million compared to the imports of $ 883.156 million last year.

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