Tea imports into Pakistan fall 25.2% year-over-year to US$221.7M during July 2013-March 2014 period, according to government statistics; imports down 13.7% year-over-year in March

, May 7, 2014 () – Tea imports into the country witnessed sharp fall of 25.22 percent during the first three quarters of the current fiscal year when compared to the imports of the corresponding period of last year.

The tea imports into the country during July-March (2013-14) were recorded at $221.678 million against the imports of $296.459 million during July-March (2012-13), according to the data of Pakistan Bureau of Statistics (PBS).

In terms of Pakistani rupee, the imports of tea into the country decreased by 19.07 percent during the first nine months of the current year.

The tea imports in rupees term during the period under review were recorded at Rs.23,128 million compared to the imports of Rs.28,579 million during the last year.

Meanwhile, on year-on-year basis, the imports of tea into the country decreased by 13.68 percent in March 2014 compared to the imports of March 2013, the PBS data revealed.

The tea imports into the country during March 2014 were recorded at $28.986 million compared to the imports of $33.579 million in March 2013.

On month -on-month basis, the tea imports into the country also witnessed decrease of 0.74 percent in March 2014 when compared to the imports of $29.202 million in February 2014.

It is pertinent to mention here that the overall food imports into the country decreased by 8.22 percent during the first three quarters.

The food imports into the country were recorded at $3.076 billion in July-March (2013-14) compared to the imports of $ 3.351 billion during the same period of last year.

Country’s overall trade deficit narrowed by 5.49 percent during first three quarters of current fiscal year as exports expanded by 6.06 percent while imports witnessing slight growth of 0.86 percent as compared to the same period of last year.

On year-on-year basis, the trade deficit decreased by 11.98 percent in March 2014 when compared to the deficit of the same month of last year.

The exports from the country during July-March (2013-14) were recorded at $19.107 billion against the exports of $18.016 billion recorded during July-March 2012-13.

On the other hand, the imports into the country during the period under review were recorded at $33.038 billion against the imports of $32.756 billion during the corresponding period of last year.

Based on the figures, the trade deficit during July-March (2013-14) was recorded at $13.931 billion against the deficit of $14.740 billion in July-March (2012-13), showing negative growth of 5.49 percent.

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