Exports of fish, leather products up by 8, 16.33pc respectively

ISLAMABAD: The exports of leather products from the country increased by 8 per cent during the first eleven months of the fiscal year 2017-18 as compared to the corresponding period of last year.

Pakistan exported leather products worth $478.857 million during July-May (2017-18) against the imports of $443.430 million in July-May (2016-17), showing growth of 7.99 per cent, according to the Pakistan Bureau of Statistics (PBS).

Out of the leather products, the exports of leather garments increased by 2.05 per cent and reached to $269.128 million during the outgoing fiscal year (2017-18) against the exports of $263.714 million in 2016-17.

The exports of leather gloves increased from $168.468 in FY2016-17 to $198.185 million in FY2017-18, showing an increase of 17.64 per cent.

The exports of other leather manufacturers also increased by 2.61 per cent by growing from $11.248 million to $11.544 million, the PBS data revealed.

Meanwhile, on a year-on-year basis, the exports of leather products from the country increased by 21.60 per cent in May 2018 when compared to the exports of May 2017. The leather products’ exports in May 2018 were recorded at $43.847 million compared to the exports of $36.059 million in May 2017.

Among these products, the exports of leather garments increased by 15.10 per cent in may 2018 compared to exports of May 2017 while the exports of leather gloves surged by 31.67 per cent and other leather products by 28.29 per cent.

The exports of fish and fish preparations from the country witnessed an increase of 16.33 per cent during the first eleven months of the outgoing fiscal year (2017-18) as against the corresponding period of last year.

Pakistan export seafood worth $423.996 million during July-May (2017-18) as compared to the exports of $364.481 million in July-May (2016-17), showing an increase of 16.33 per cent, according to the data of Pakistan Bureau of Statistics (PBS).

In terms of quantity, the fish exports from the country witnessed an increase of 24.84 per cent by growing from a trade of 143,313 metric tons last year to 178,906 metric tons during 2017-18.

It is pertinent to mention here that the overall food exports into the country during the period under review witnessed an increase of 30.80 per cent.

The food exports during the first eleven months of the outgoing fiscal year were recorded at $4,479 million against the imports of $3,425 million, according to PBS data.

Meanwhile, on a year-on-year basis, the fish exports from the country increased by 9.2 per cent during the month of May 2018 when compared to the same month of last year.

The fish exports in May 2018 were recorded at $ 52.431 million against the imports of $ 48,012 million in May 2017, the data revealed. On a month-on-month basis, the fish exports from the country, however, decreased by 6.31 per cent during May 2018 as compared to eh exports of $55.960 million in April 2018.

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