Tea imports fell by 10.86% to 91.9 million dollars in 2 months | Pro IQRA News

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ISLAMABAD: Compared to the same month last year, tea imports fell by 10. In the first two months of the current financial year, by 86 percent.

According to Pakistan Bureau of Statistics, tea imports for July-August (2022-2023) stood at US$ 91.914 million against US$ 103.116 million for July-August (2021-22). (PBS).
Statistics showed that the volume of tea imports declined by 22.17 percent during the period under review, falling from 47,170 metric tons in the previous fiscal year to 36,714 metric tons in the corresponding months of the current fiscal year.

In August 2022, tea imports decreased by 24.84 percent compared to the same month last year. In contrast to $61.989 million worth of tea exports in August last year, the country imported $46.593 million worth of tea in August 2022.

However, month-on-month, tea imports increased by 2.81 percent compared to $45.321 million in July 2022 imports.
The government imported 18,581 metric tons of tea in August 2022, compared to 18,133 metric tons in July 2022 and 28,545 metric tons in August 2021. This is 2.47% more than July 2022 and 34.91% less than August 2021.

Compared to July-August, the total amount of food imported into the country increased by 21.04 percent and amounted to USD 1,783.465 million in the first two months of the new fiscal year (2021-22).

It is important to note that during the first two months of the current fiscal year, the country’s total imports of goods fell by 9.25 percent, from $12.152 billion in July-August last year to $11.028 billion in July-August this year (year 2022). -23).

Exports rose 3.75 percent to $4.759 billion from a year earlier, when exports were $4.587 billion.
According to statistical data, the deficit of the trade balance for the period in question amounted to $6.269 billion, which is 17.13% less compared to the deficit of $7.565 billion registered in the previous year, according to PBS data. — APPENDIX


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