Vegetable products export from Pakistan grew by 12.19 percent during the first 10 months of the current fiscal year compared to the corresponding period of last year, according to a statement by the State Bank of Pakistan (SBP).
The vegetable products exports from the country during July-April (2018-19) were recorded at $2748.773 million against the export of $2450.073 million during July-April (2017-18), showing increase of 12.19 percent, according to the State Bank of Pakistan.
The commodities that contributed positively included edible vegetables, export of which grew from $123.590 million last year to $189.994 million during the current fiscal year, showing growth of 53.72 percent.
Exports of oil seeds and oleaginous fruits increased by 42.10 percent, from $67.709 million to $96.216milion. The exports of edible fruits and nuts increased by 12.11 percent, from $330.228 million last year to $370.230 million, the data revealed.
Meanwhile, The country’s merchandize trade deficit plunged by 13.62 per cent during the first eleven months of the current fiscal year compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported.
According to nation.com.pk¸ the trade deficit contracted by 13.62 per cent to $29.207 billion during July-May (2018-19) against the deficit of $33.812 billion recorded during July-May (2017-18).